Listing Agency: ORION Investment Real Estate Show Phone

Listed By: Michael Douglas · License #SA668345000 Show Phone

Source: Moodyscre

Added: May 21 Changed: Oct 8 Last Checked: Oct 20 at 7:09PM

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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.

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 / Yr

$61,686

Cap Rate

5.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,233,720 $1.2M

Cap Rate 7%

$881,229 $881.2K

Cap Rate 9%

$685,400 $685.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,600 SF

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 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 (±1% cap)

NOI $61,686 @ 7.0% cap · market cap 5.62%

Second Best

Healthcare Medical

$390.4K

$341.6K – $455.5K (±1% cap)

NOI $27,327 @ 7.0% cap · market cap 2.49%

Theoretical Best

Office A

$986.8K

$863.4K – $1.15M (±1% cap)

NOI $69,075 @ 7.0% cap · market cap 6.29%

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

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Banner Children's - Banner ... Medical Clinic Farha Nighat Khan, ... Pediatrician Leigh Costanzo Pediatrician Kojasteh M Ghaziaskar, ... Pediatrician Dr. Mark L. ... Physician

Suggested Use

Top Pick Law Firm Hair Salon Nail Salon Daycare Center Building Supply HVAC Service

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

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

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?

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