Freestanding Medical Office
For Sale
$1,819,500
606 N COUNTRY CLUB Drive, Mesa, AZ 85201
Freestanding building with ample on-site parking, positioned with visibility and frontage on N. Country Club Drive.
Property Size12,212 SF
Price / SF$148.99
Days on Market54
Property Features for 606 N COUNTRY CLUB Drive
General Information
Standard status
Active
Size
12,212 SF
Property subtype
COMMERCIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$15,889
Building Details
Building Size
12,212 SF
Year Built
1983
Listing Agency:
Cutler Commercial
Listed By:
Jim M Lieberthal · License #BR516852000
(602) 955-3500
Source:
Jcluxuryresidential
Added: Jul 16
Changed: Sep 6
Last Checked: Sep 6 at 9:36AM
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 Cutler Commercial
Investment Insights
Based on property information with market context.
This freestanding, stand-alone building was previously used as a medical office and is described as easily adaptable to general office or specialty use. The offering includes strong visibility and frontage on N. Country Club Drive, supporting a high-profile presence for business uses.
The property provides ample on-site parking, including both covered and uncovered spaces. It is located in Mesa with convenient access to Loop 202, and the surrounding area includes downtown Mesa restaurants, shopping, and other amenities.
The listed ideal uses include medical/healthcare, professional or corporate office, educational or training facility, financial services, and specialty commercial. The building is offered for sale.
The property provides ample on-site parking, including both covered and uncovered spaces. It is located in Mesa with convenient access to Loop 202, and the surrounding area includes downtown Mesa restaurants, shopping, and other amenities.
The listed ideal uses include medical/healthcare, professional or corporate office, educational or training facility, financial services, and specialty commercial. The building is offered for sale.
Key Highlights
- 12,212 SF freestanding/stand‑alone building built in 1983
- Excellent visibility and frontage on N. Country Club Drive
- Ample on‑site parking with covered and uncovered spaces (5.3 per 1,000 SF)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$164,697
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,293,940
$3.3M
Cap Rate 7%
$2,352,814
$2.4M
Cap Rate 9%
$1,829,967
$1.8M
Market Conditions
NOI Build-Up for 12,212 SF
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.
Gross rent
$271.1K $22.20/SF
− Vacancy
−$51.5K −$4.22/SF
EGI
$219.6K $17.98/SF
− OpEx
−$54.9K −$4.50/SF
NOI
$164.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,293,940
Cap Rate 7%
$2,352,814
Cap Rate 9%
$1,829,967
Alternative Uses
Best Use
Office B
$2.35M
$2.06M – $2.74M
NOI $164,697 @ 7.0% cap · market cap 9.05%
Second Best
Healthcare Medical
$2.35M
$2.05M – $2.74M
NOI $164,334 @ 7.0% cap · market cap 9.03%
Theoretical Best
Office A
$3.17M
$2.77M – $3.69M
NOI $221,575 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,200
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Soul Puppy Holistic Healing — 148 N Center St Room A, Mesa, AZ 85201
- Arizona Exotic Animal Hospital: Johnson Jay DVM — 744 N Center St, Mesa, AZ 85201
- Arizona Exotic Animal Hospital (Mesa) — 744 N Center St #101, Mesa, AZ 85201
- VCA Mesa Animal Hospital — 858 N Country Club Dr, Mesa, AZ 85201
- Dr. Kelly Moffat — 858 N Country Club Dr, Mesa, AZ 85201
Frequently Asked Questions
What type of property is this?
Medical Office Space - Freestanding building with ample on-site parking, positioned with visibility and frontage on N. Country Club Drive.
Where is this medical office space located?
The property is located at 606 N COUNTRY CLUB Drive Mesa, AZ.
What is the asking price?
The asking price for this property is $1,819,500.
What are key features of this property?
This property features: 12,212 SF freestanding/stand‑alone building built in 1983; Excellent visibility and frontage on N. Country Club Drive; Ample on‑site parking with covered and uncovered spaces (5.3 per 1,000 SF)
