Medical Office
For Sale
Contact for pricing
6142 E Brown Rd, Mesa, AZ 85205
±3,600 SF medical office condo in an established medical corridor, with monument and building signage available.
Property Size3,600 SF
Price / SF$305
Days on Market110
Property Features for 6142 E Brown Rd
General Information
Standard status
Active
Size
3,600 SF
Property subtype
OFFICE
Amenities
Monument & Building Signage
Listing Agency:
ORION Investment Real Estate
(480) 634-6934
Listed By:
Michael Douglas · License #SA668345000
(480) 772-8870
Source:
Moodyscre
Added: May 21
Changed: Sep 6
Last Checked: Sep 7 at 9:14AM
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 ORION Investment Real Estate
Investment Insights
Based on property information with market context.
±3,600 SF medical office condo with a functional medical layout. There is also an additional ±1,800 SF space available for lease or owner-use. The property includes monument and building signage, and it also benefits from existing income from an adjacent medical tenant.
Located in an established medical corridor, the offering includes parking at a 5.51 per 1,000 SF ratio. This configuration supports medical and dental uses for both owner-occupants and tenants.
As presented, the property is suited to medical office uses, with a layout designed for practical clinical operations.
Located in an established medical corridor, the offering includes parking at a 5.51 per 1,000 SF ratio. This configuration supports medical and dental uses for both owner-occupants and tenants.
As presented, the property is suited to medical office uses, with a layout designed for practical clinical operations.
Key Highlights
- 3,600 SF medical office condo in an established medical corridor
- 1,800 SF available for lease or owner‑use
- Monument and building signage available
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
$61,686
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
5.62%
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%
$1,233,720
$1.2M
Cap Rate 7%
$881,229
$881.2K
Cap Rate 9%
$685,400
$685.4K
Market Conditions
NOI Build-Up for 3,600 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
$104.1K $28.92/SF
− Vacancy
−$21.9K −$6.07/SF
EGI
$82.2K $22.85/SF
− OpEx
−$20.6K −$5.71/SF
NOI
$61.7K $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 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%
$1,233,720
Cap Rate 7%
$881,229
Cap Rate 9%
$685,400
Alternative Uses
Best Use
Office B
$881.2K
$771.1K – $1.03M
NOI $61,686 @ 7.0% cap · market cap 5.62%
Second Best
Healthcare Medical
$390.4K
$341.6K – $455.5K
NOI $27,327 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$986.8K
$863.4K – $1.15M
NOI $69,075 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85205, AZ
44,137
Population
23,473
Households
1.9
Avg Household Size
48
Median Age
30%
College-Educated
94%
High-School Grad
10.1 sq mi
ZIP Area
4,370
Density / Sq Mi
$71,294
Median Household Income
$46,378
Median Earnings
$1,363
Median Rent
$301,200
Median Home Value
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - ±3,600 SF medical office condo in an established medical corridor, with monument and building signage available.
Where is this medical office space located?
The property is located at 6142 E Brown Rd Mesa, AZ.
What is the asking price?
The asking price for this property is $1,098,000.
What are key features of this property?
This property features: 3,600 SF medical office condo in an established medical corridor; 1,800 SF available for lease or owner‑use; Monument and building signage available
