Office Building with Finished
For Sale
$2,000,000
40 W Brown Road #109, Mesa, AZ 85201
Three stories, a finished basement, an additional building, and gated parking with some covered spaces support a flexible office setup.
Property Size9,644 SF
Price / SF$207.38
Days on Market373
Property Features for 40 W Brown Road #109
General Information
Standard status
Active
Size
9,644 SF
Property subtype
Commercial
Zoning
C-0
Additional Details
Highway Access
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$10,656
Building Details
Building Size
9,644 SF
Year Built
1983
Buildings
2
Stories
2
Listing Agency:
AZ Home Seekers
Listed By:
Jeff & Debbie
(480) 200-5305
Source:
Azhomeseekers
Added: Oct 27, 2025
Changed: Nov 3
Last Checked: Nov 2 at 1:53PM
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 AZ Home Seekers
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property has three stories, a finished basement, and a separate building. Two gated parking areas include some covered spaces. The building dates to 1983 and is zoned C-0.
Country Club Drive provides access to SR 202 and US 60, with downtown Mesa nearby.
Country Club Drive provides access to SR 202 and US 60, with downtown Mesa nearby.
Key Highlights
- Three‑story office building with a finished basement
- Separate building on the property
- Two gated parking areas, including some covered spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,064
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,601,280
$2.6M
Cap Rate 7%
$1,858,057
$1.9M
Cap Rate 9%
$1,445,156
$1.4M
Market Conditions
NOI Build-Up for 9,644 SF
Gross rent
$214.1K $22.20/SF
− Vacancy
−$40.7K −$4.22/SF
EGI
$173.4K $17.98/SF
− OpEx
−$43.4K −$4.50/SF
NOI
$130.1K $13.49/SF
Area
ZIP 85201
Vacancy
19.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,601,280
Cap Rate 7%
$1,858,057
Cap Rate 9%
$1,445,156
Alternative Uses
Best Use
Office B
$1.86M
$1.63M – $2.17M
NOI $130,064 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $174,981 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
762
Businesses Nearby
Explore this area
Business Placement
Demographics for 85201, AZ
51,187
Population
23,099
Households
2.2
Avg Household Size
33
Median Age
27%
College-Educated
87%
High-School Grad
9.4 sq mi
ZIP Area
5,445
Density / Sq Mi
$63,725
Median Household Income
$40,067
Median Earnings
$1,349
Median Rent
$292,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Three stories, a finished basement, an additional building, and gated parking with some covered spaces support a flexible office setup.
Where is this office building located?
The property is located at 40 W Brown Road #109 Mesa, AZ.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Three‑story office building with a finished basement; Separate building on the property; Two gated parking areas, including some covered spaces
