Executive Office
For Sale
Contact for pricing
4140 E BASELINE Road #101, Mesa, AZ 85206
A 22,000-square-foot office property built in 2004 offers access to shared business amenities.
Property Size22,000 SF
Price / SF$0.40
Days on Market28
Property Features for 4140 E BASELINE Road #101
General Information
Standard status
Active
Size
22,000 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Executive Suites
Building Details
Year Built
2004
Listing Agency:
Berkshire Hathaway Homeservices Arizona Properties
Listed By:
Kathryn Thomas
(480) 505-6300
Source:
Kathrynthomas
Added: Oct 3
Changed: Oct 28
Last Checked: Oct 28 at 4:13PM
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 Berkshire Hathaway Homeservices Arizona Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Gateway Executive Suites occupies space within the Baseline Office Center in Mesa. The office property totals 22,000 square feet and was built in 2004.
The center is situated on Baseline Road between Val Vista Drive and Higley Road, with access to US 60. Dining and shopping options are in the surrounding area, and Banner Medical Center is nearby.
The center is situated on Baseline Road between Val Vista Drive and Higley Road, with access to US 60. Dining and shopping options are in the surrounding area, and Banner Medical Center is nearby.
Key Highlights
- 22,000‑square‑foot office property
- Built in 2004
- Located on Baseline Road between Val Vista Drive and Higley Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$376,972
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,539,440
$7.5M
Cap Rate 7%
$5,385,314
$5.4M
Cap Rate 9%
$4,188,578
$4.2M
Market Conditions
NOI Build-Up for 22,000 SF
Gross rent
$636.2K $28.92/SF
− Vacancy
−$133.6K −$6.07/SF
EGI
$502.6K $22.85/SF
− OpEx
−$125.7K −$5.71/SF
NOI
$377.0K $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%
$7,539,440
Cap Rate 7%
$5,385,314
Cap Rate 9%
$4,188,578
Alternative Uses
Best Use
Office B
$5.39M
$4.71M – $6.28M
NOI $376,972 @ 7.0% cap · market cap 4,308.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.03M
$5.28M – $7.04M
NOI $422,125 @ 7.0% cap · market cap 4,824.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,476
Businesses Nearby
Explore this area
Business Placement
Demographics for 85206, AZ
36,713
Population
19,078
Households
1.9
Avg Household Size
48
Median Age
34%
College-Educated
92%
High-School Grad
9.4 sq mi
ZIP Area
3,906
Density / Sq Mi
$69,986
Median Household Income
$45,422
Median Earnings
$1,717
Median Rent
$322,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A 22,000-square-foot office property built in 2004 offers access to shared business amenities.
Where is this office unit located?
The property is located at 4140 E BASELINE Road #101 Mesa, AZ.
What are key features of this property?
This property features: 22,000‑square‑foot office property; Built in 2004; Located on Baseline Road between Val Vista Drive and Higley Road
