Renovated Freestanding Office
For Sale
$899,000
606 N STAPLEY Drive, Mesa, AZ 85203
Two-story professional office layout with private offices, shared work areas, conference space, and multiple entrances.
Property Size2,644 SF
Price / SF$340.02
Days on Market65
Property Features for 606 N STAPLEY Drive
General Information
Standard status
Active
Size
2,644 SF
Property subtype
Comm/industry Sale
Additional Details
Furnished
Yes
Amenities
conference room
kitchen
coffee bar
Building Details
Year Renovated
2022
Buildings
1
Stories
2
Construction
Modern
Listing Agency:
AXIS Real Estate
Listed By:
Jason Sellers
(602) 614-5590
Source:
Lisaroberts
Added: Aug 13
Changed: Oct 1
Last Checked: Oct 14 at 10:35PM
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 AXIS Real Estate
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Investment Insights
Based on property information with market context.
This freestanding office building provides 2,644 square feet across two stories and underwent renovation in 2022. The interior includes 9 private offices, 2 workstations within a larger shared room, reception space, and a conference room furnished with a stone table and technology that convey with the property. A kitchen serves the main level, while the second floor includes a coffee bar. Three restrooms and 3 entrances support the building’s configuration.
The property occupies the corner of N Stapley Dr and 6th St in Mesa, Arizona. Its layout is suited to professional office operations and may accommodate some medical uses, as identified in the property information.
The property occupies the corner of N Stapley Dr and 6th St in Mesa, Arizona. Its layout is suited to professional office operations and may accommodate some medical uses, as identified in the property information.
Key Highlights
- 2,644‑square‑foot freestanding office building
- Renovated in 2022
- 9 private offices and 2 workstations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,305
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$906,100
$906.1K
Cap Rate 7%
$647,214
$647.2K
Cap Rate 9%
$503,389
$503.4K
Market Conditions
NOI Build-Up for 2,644 SF
Gross rent
$76.5K $28.92/SF
− Vacancy
−$16.1K −$6.07/SF
EGI
$60.4K $22.85/SF
− OpEx
−$15.1K −$5.71/SF
NOI
$45.3K $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%
$906,100
Cap Rate 7%
$647,214
Cap Rate 9%
$503,389
Alternative Uses
Best Use
Office B
$647.2K
$566.3K – $755.1K
NOI $45,305 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$724.7K
$634.2K – $845.5K
NOI $50,732 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
Explore this area
Business Placement
Demographics for 85203, AZ
37,962
Population
14,020
Households
2.7
Avg Household Size
33
Median Age
29%
College-Educated
91%
High-School Grad
9.3 sq mi
ZIP Area
4,082
Density / Sq Mi
$72,851
Median Household Income
$40,524
Median Earnings
$1,388
Median Rent
$388,300
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two-story professional office layout with private offices, shared work areas, conference space, and multiple entrances.
Where is this office building located?
The property is located at 606 N STAPLEY Drive Mesa, AZ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 2,644‑square‑foot freestanding office building; Renovated in 2022; 9 private offices and 2 workstations
