Office Condominium with Private
For Sale
Contact for pricing
4858 E BASELINE Road 109, Mesa, AZ 85206
Functional professional workspace with private offices, meeting rooms, storage, and dedicated support areas.
Property Size1,717 SF
Price / SF$1.46
Days on Market59
Property Features for 4858 E BASELINE Road 109
General Information
Standard status
Active
Size
1,717 SF
Property subtype
Comm/industry Lease
Additional Details
Highway Access
Yes
Listing Agency:
Bliss Realty & Investments
(480) 235-3617
Listed By:
Mara Benson · License #SA544962000
(480) 215-6658
Source:
Mariannashone
Added: Aug 23
Changed: Oct 2
Last Checked: Oct 19 at 6:51AM
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 Bliss Realty & Investments
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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.
This 1,717-square-foot office condominium, built in 2003, provides a practical professional workspace within Pierpont Commerce Center. The layout includes 4-5 private offices, 1-2 conference rooms, a break and copy area, one restroom, and a second-floor storage room. These features create a defined arrangement for office-based operations and client meetings.
The property is adjacent to MD Anderson Cancer Center and Banner Gateway Medical Center, placing it within an established medical-oriented business setting. Access to US-60 and Loop 202 supports convenient connections for employees and visitors. The space is identified as suitable for medical, legal, financial, administrative, and other professional office uses.
The property is adjacent to MD Anderson Cancer Center and Banner Gateway Medical Center, placing it within an established medical-oriented business setting. Access to US-60 and Loop 202 supports convenient connections for employees and visitors. The space is identified as suitable for medical, legal, financial, administrative, and other professional office uses.
Key Highlights
- 1,717‑square‑foot office condominium in Pierpont Commerce Center
- 4‑5 private offices and 1‑2 conference rooms
- Break/copy area, one restroom, and second‑floor storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,421
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,420
$588.4K
Cap Rate 7%
$420,300
$420.3K
Cap Rate 9%
$326,900
$326.9K
Market Conditions
NOI Build-Up for 1,717 SF
Gross rent
$49.7K $28.92/SF
− Vacancy
−$10.4K −$6.07/SF
EGI
$39.2K $22.85/SF
− OpEx
−$9.8K −$5.71/SF
NOI
$29.4K $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%
$588,420
Cap Rate 7%
$420,300
Cap Rate 9%
$326,900
Alternative Uses
Best Use
Office B
$420.3K
$367.8K – $490.4K
NOI $29,421 @ 7.0% cap · market cap 1,176.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$470.6K
$411.8K – $549.1K
NOI $32,945 @ 7.0% cap · market cap 1,317.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,855
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
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Functional professional workspace with private offices, meeting rooms, storage, and dedicated support areas.
Where is this office unit located?
The property is located at 4858 E BASELINE Road 109 Mesa, AZ.
What are key features of this property?
This property features: 1,717‑square‑foot office condominium in Pierpont Commerce Center; 4‑5 private offices and 1‑2 conference rooms; Break/copy area, one restroom, and second‑floor storage room
