Recently Renovated Stand-Alone
503 North Alma School Road Mesa, AZ 85201
503 North Alma School Road, Mesa, AZ, 85201
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For Sale
Contact for pricing
Recently renovated stand-alone office with modern upgrades, private parking, and FF&E available from the prior medspa tenant.
Property Size1,896 SF
Price / SF$313.82
Days on Market11
Property Features for 503 North Alma School Road
General Information
- Standard status
- Active
- Size
- 1,896 SF
- Property subtype
- Office, Mixed Use
Building Details
- Year Built
- 1952
Listing Agency
Cobe Real Estate
(480) 610-2400
Listed by
TJ Zaharis · License #AZ BR577140000
Source
Crexi
Added: Jul 6 Checked: Jul 15 at 10:50 pm
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
Investment Insights
Based on property information with market context.
Located at 503 North Alma School Road in Mesa, this recently renovated stand-alone office is set up to serve a professional user with modern upgrades and quality interior finishes. The offering includes a private parking lot for on-site convenience, and FF&E from the prior medspa tenant is also available upon inquiry.
The property is described as having easy access to the East Valley, positioned between Loop 202, Loop 101, and SR 87. It is surrounded by a mix of retail, dining, and medical/professional services, with nearby references including Mesa Riverview, Sloan Park, and Banner Desert Medical Center.
For buyers and tenants looking for a stand-alone office configuration with parking and renovation updates, this property presents a straightforward, professional option in a healthcare and services-heavy area.
The property is described as having easy access to the East Valley, positioned between Loop 202, Loop 101, and SR 87. It is surrounded by a mix of retail, dining, and medical/professional services, with nearby references including Mesa Riverview, Sloan Park, and Banner Desert Medical Center.
For buyers and tenants looking for a stand-alone office configuration with parking and renovation updates, this property presents a straightforward, professional option in a healthcare and services-heavy area.
Key Highlights
- Stand‑alone office building built in 1952
- Recently renovated with modern upgrades and quality finishes
- Private parking lot on‑site
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.1k | $22.20 |
| − Vacancy | −$8.0k | −$4.22 |
| EGI | $34.1k | $17.98 |
| − OpEx | −$8.5k | −$4.50 |
| NOI | $25.6k | $13.49 |
1,896 SF · lease $22.20/SF/yr · vacancy 19.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$365.3K
$319.6K – $426.2K
NOI $25,570 @ 7.0% cap · market cap 4.30%
Second Best
Healthcare Medical
$364.5K
$318.9K – $425.2K
NOI $25,514 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$491.4K
$430.0K – $573.4K
NOI $34,401 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Skinn By Skyy
Spa & Massage Center
Dazzle Skin & Beauty ...
Hair Salon
BH Beauty Spa
Hair Salon
Belle Rose Beauty ...
Hair Salon
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FAQs
What type of property is this?
Office building - Recently renovated stand-alone office with modern upgrades, private parking, and FF&E available from the prior medspa tenant.
Where is this office building located?
The property is located at 503 North Alma School Road Mesa, AZ.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Stand‑alone office building built in 1952; Recently renovated with modern upgrades and quality finishes; Private parking lot on‑site
