Second-Floor Office
For Sale
Contact for pricing
40 W BASELINE Road 204, Mesa, AZ 85210
Professional workspace with private offices, meeting space, reception, and a kitchen area in a visible main-street setting.
Property Size38,017 SF
Price / SF$0.07
Days on Market104
Property Features for 40 W BASELINE Road 204
General Information
Standard status
Active
Size
38,017 SF
Property subtype
Comm/industry Lease
Additional Details
Floor
2
Listing Agency:
Good Oak Real Estate
(480) 539-4775
Listed By:
Mary Goulian · License #SA649090000
(480) 235-5028
Source:
Nicolesecrest
Added: Jul 20
Changed: Oct 25
Last Checked: Oct 30 at 2:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Good Oak Real Estate
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Investment Insights
Based on property information with market context.
This 2,273-square-foot office unit occupies the second floor at 40 W Baseline Road, Suite 204. The layout includes four private offices, a large conference room, a broad reception area, and a kitchen area that can support breaks and everyday staff use. Stair access provides entry to the suite.
Offices oriented toward Main Street bring natural light and street-facing exposure to the workspace. The configuration combines individual rooms with shared areas for reception, meetings, and day-to-day operations, offering a practical setting for a range of office-based businesses.
Offices oriented toward Main Street bring natural light and street-facing exposure to the workspace. The configuration combines individual rooms with shared areas for reception, meetings, and day-to-day operations, offering a practical setting for a range of office-based businesses.
Key Highlights
- 2,273‑square‑foot second‑floor office unit
- Four private offices with natural light
- Large conference room for meetings and presentations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$651,425
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,028,500
$13.0M
Cap Rate 7%
$9,306,071
$9.3M
Cap Rate 9%
$7,238,056
$7.2M
Market Conditions
NOI Build-Up for 38,017 SF
Gross rent
$1.10M $28.92/SF
− Vacancy
−$230.9K −$6.07/SF
EGI
$868.6K $22.85/SF
− OpEx
−$217.1K −$5.71/SF
NOI
$651.4K $17.14/SF
Area
Mesa, AZ
Vacancy
21.00%
Lease Rate
$28.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,028,500
Cap Rate 7%
$9,306,071
Cap Rate 9%
$7,238,056
Alternative Uses
Best Use
Office B
$9.31M
$8.14M – $10.86M
NOI $651,425 @ 7.0% cap · market cap 26,046.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.42M
$9.12M – $12.16M
NOI $729,452 @ 7.0% cap · market cap 29,166.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,371
Businesses Nearby
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Business Placement
Demographics for 85210, AZ
40,351
Population
16,292
Households
2.5
Avg Household Size
32
Median Age
25%
College-Educated
84%
High-School Grad
6.7 sq mi
ZIP Area
6,023
Density / Sq Mi
$59,680
Median Household Income
$38,479
Median Earnings
$1,383
Median Rent
$301,600
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Professional workspace with private offices, meeting space, reception, and a kitchen area in a visible main-street setting.
Where is this office unit located?
The property is located at 40 W BASELINE Road 204 Mesa, AZ.
What are key features of this property?
This property features: 2,273‑square‑foot second‑floor office unit; Four private offices with natural light; Large conference room for meetings and presentations
