Medical Office Space with Exam
4915 E Baseline Road 109, Gilbert, AZ 85234
For Sale
Contact for pricing
Configured with reception, private offices, restrooms, and collaborative work space.
Property Size5,386 SF
Price / SF$0.88
Days on Market51
Property Features for 4915 E Baseline Road 109
General Information
Standard status
Size
Property subtype
Listing Agency:
COBE Real Estate, Inc.
(480) 610-2400
Listed By:
Timothy Zaharis · License #BR577140000
(480) 628-6363
Source:
Thegouldgroupaz
Added: Sep 20
Changed: Nov 3
Last Checked: Nov 8 at 5:58AM
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 COBE Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This medical office space includes a reception area, two restrooms, two exam rooms, and two private offices. A built-in back office and an open bullpen/work room add additional functional areas for staff operations and shared work.
The property is positioned at the intersection of Baseline Road and Higley Road in Gilbert, with reported traffic exposure of 51,481 VPD. Its address is 4915 E Baseline Road, 109, Gilbert, AZ 85234.
The property is positioned at the intersection of Baseline Road and Higley Road in Gilbert, with reported traffic exposure of 51,481 VPD. Its address is 4915 E Baseline Road, 109, Gilbert, AZ 85234.
Key Highlights
- Two exam rooms and two private offices
- Reception area with two restrooms
- Built‑in back office and open bullpen/work room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,293
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,465,860
$1.5M
Cap Rate 7%
$1,047,043
$1.0M
Cap Rate 9%
$814,367
$814.4K
Market Conditions
NOI Build-Up for 5,386 SF
Gross rent
$135.7K $25.20/SF
− Vacancy
−$13.6K −$2.52/SF
EGI
$122.2K $22.68/SF
− OpEx
−$48.9K −$9.07/SF
NOI
$73.3K $13.61/SF
Area
Gilbert, AZ
Vacancy
10.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,465,860
Cap Rate 7%
$1,047,043
Cap Rate 9%
$814,367
Alternative Uses
Best Use
Office B
$1.12M
$981.6K – $1.31M
NOI $78,531 @ 7.0% cap · market cap 1,651.20%
Second Best
Healthcare Medical
$1.05M
$916.2K – $1.22M
NOI $73,293 @ 7.0% cap · market cap 1,541.06%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,987 @ 7.0% cap · market cap 2,081.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,739
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 85234, AZ
51,051
Population
17,488
Households
2.9
Avg Household Size
36
Median Age
46%
College-Educated
96%
High-School Grad
11.9 sq mi
ZIP Area
4,290
Density / Sq Mi
$118,012
Median Household Income
$54,080
Median Earnings
$1,971
Median Rent
$488,600
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Maricopa County, AZ
Properties on Market for Medical Office Space in Maricopa County
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Banfield Pet Hospital — 1525 N Higley Rd, Gilbert, AZ 85234
- Higley Groves Animal Hospital — 1423 S Higley Rd STE 102, Mesa, AZ 85206
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured with reception, private offices, restrooms, and collaborative work space.
Where is this medical office space located?
The property is located at 4915 E Baseline Road 109 Gilbert, AZ.
What are key features of this property?
This property features: Two exam rooms and two private offices; Reception area with two restrooms; Built‑in back office and open bullpen/work room
