606 N Country Club Dr, Mesa, AZ 85201

Listing Agency: Cutler Commercial Show Phone

Listed By: James M Lieberthal · License AZ BR516852000 Show Phone

Source: Moodyscre

Added: Jul 6 Changed: Nov 8 Last Checked: Nov 8 at 7:10AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This freestanding, stand-alone building was previously used as a medical office and is easily adaptable to general office or specialty use. The property includes covered and uncovered on-site parking.

The building benefits from strong visibility and frontage on N. Country Club Drive in Mesa, with convenient access to Loop 202 and Downtown Mesa. The area includes nearby restaurants, shopping, and other surrounding amenities.

As a former medical office, the existing layout may support office-oriented uses, with flexibility for professional services and specialty commercial applications where appropriate under applicable requirements.

Key Highlights

• Freestanding, stand‑alone building formerly used as a medical office
• Excellent visibility and frontage on N. Country Club Drive
• Ample on‑site parking: 5.3/1,000 SF, with covered and uncovered spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$164,697

Cap Rate

9.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,293,940 $3.3M

Cap Rate 7%

$2,352,814 $2.4M

Cap Rate 9%

$1,829,967 $1.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,212 SF

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 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 (±1% cap)

NOI $164,697 @ 7.0% cap · market cap 9.05%

Second Best

Healthcare Medical

$2.35M

$2.05M – $2.74M (±1% cap)

NOI $164,334 @ 7.0% cap · market cap 9.03%

Theoretical Best

Office A

$3.17M

$2.77M – $3.69M (±1% cap)

NOI $221,575 @ 7.0% cap · market cap 12.18%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

East Valley Family ... Medical Clinic East Valley Family ... Medical Clinic Phoenix Neurological Institute Physician Ms. Kelly Armenta Physician Kristin Romesburg Physician

Suggested Use

Top Pick Dental Office Real Estate Agency Auto Parts Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,200

Businesses Nearby

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

Average Price Trend$/SF for Office buildings in Mesa, AZ

$239 Jul

$334 Aug

$281 Sep

$298 Oct

Properties on Market for Office buildings in Mesa

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Freestanding office building with ample on-site parking and visibility on N. Country Club Drive.

Where is this office building located?

The property is located at 606 N Country Club Dr 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: Freestanding, stand‑alone building formerly used as a medical office; Excellent visibility and frontage on N. Country Club Drive; Ample on‑site parking: 5.3/1,000 SF, with covered and uncovered spaces