Medical Office Condo with Monument
6245 E BROWN Road 101, Mesa, AZ 85205
For Sale
$1,430,000
Owner-user medical suite with covered and uncovered parking plus monument signage along Brown Road.
Property Size7,562 SF
Price / SF$189.10
Days on Market137
Property Features for 6245 E BROWN Road 101
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Asking Price
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Cutler Commercial
Listed By:
Jim M Lieberthal · License #BR516852000
(602) 955-3500
Source:
Lostdutchmanrealty
Added: Jun 23
Changed: Nov 5
Last Checked: Nov 6 at 2:41PM
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
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Investment Insights
Based on property information with market context.
Suite 101 is a medical office condominium containing +-7,562 SF within a 2002-built property. The space is positioned for medical or office use and includes access to 33 parking spaces, with 7 covered and 26 uncovered. Monument signage along Brown Road provides an identifiable address presence. The condo plat remains pending City of Mesa approval, with approval estimated for June 2026.
The property is located at 6245 E Brown Road in Mesa, just east of the Recker Road and Brown Road intersection. Regional access includes proximity to Highway 60, I-87, and Loop 202. Banner Baywood Medical Center, Falcon Field Airport, Red Mountain Park and Baseball Complex, golf, retail, and restaurants are identified among the nearby destinations. The property carries OC zoning under the City of Mesa.
The property is located at 6245 E Brown Road in Mesa, just east of the Recker Road and Brown Road intersection. Regional access includes proximity to Highway 60, I-87, and Loop 202. Banner Baywood Medical Center, Falcon Field Airport, Red Mountain Park and Baseball Complex, golf, retail, and restaurants are identified among the nearby destinations. The property carries OC zoning under the City of Mesa.
Key Highlights
- +-7,562 SF Suite 101 medical office condominium
- 33 parking spaces: 7 covered and 26 uncovered
- Monument signage positioned along Brown Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,576
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,591,520
$2.6M
Cap Rate 7%
$1,851,086
$1.9M
Cap Rate 9%
$1,439,733
$1.4M
Market Conditions
NOI Build-Up for 7,562 SF
Gross rent
$218.7K $28.92/SF
− Vacancy
−$45.9K −$6.07/SF
EGI
$172.8K $22.85/SF
− OpEx
−$43.2K −$5.71/SF
NOI
$129.6K $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%
$2,591,520
Cap Rate 7%
$1,851,086
Cap Rate 9%
$1,439,733
Alternative Uses
Best Use
Office B
$1.85M
$1.62M – $2.16M
NOI $129,576 @ 7.0% cap · market cap 9.06%
Second Best
Healthcare Medical
$820.0K
$717.5K – $956.7K
NOI $57,402 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $145,096 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Under-served
Demand for This Use
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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
$301,200
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Mesa, AZ
Properties on Market for Medical Office Space in Mesa
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Alta Mesa Animal Hospital — 6704 E Brown Rd, Mesa, AZ 85205
Frequently Asked Questions
What type of property is this?
Medical Office Space - Owner-user medical suite with covered and uncovered parking plus monument signage along Brown Road.
Where is this medical office space located?
The property is located at 6245 E BROWN Road 101 Mesa, AZ.
What is the asking price?
The asking price for this property is $1,430,000.
What are key features of this property?
This property features: +-7,562 SF Suite 101 medical office condominium; 33 parking spaces: 7 covered and 26 uncovered; Monument signage positioned along Brown Road
