6245 E Brown Rd, Mesa, AZ 85205

Building Details

Building Size 7,579 SF More

Listing Agency: Cutler Commercial

Listed By: Eric Ferber, CCIM · License #SA653578000 Show Phone

Source: Cutlercommercial

Added: Nov 8 Last Checked: Nov 8 at 2:13AM

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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.

Suite 101 is a medical office condominium comprising approximately 7,579 square feet, with office and medical use identified for the space. Monument signage is available along Brown Road.

The property is at 6245 E Brown Road in Mesa, east of the southeast corner of Recker and Brown Roads. Highway 60, I-87, Loop 202, and Banner Baywood Medical Center are nearby.

Key Highlights

• Suite 101 contains approximately 7,579 SF
• Monument signage on Brown Road
• Near Highway 60, I‑87, Loop 202, and Banner Baywood Medical Center

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$57,531

Cap Rate

4.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,150,620 $1.2M

Cap Rate 7%

$821,871 $821.9K

Cap Rate 9%

$639,233 $639.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,579 SF

Gross rent

$102.8K $13.56/SF

− Vacancy

−$6.9K −$0.91/SF

EGI

$95.9K $12.65/SF

− OpEx

−$38.4K −$5.06/SF

NOI

$57.5K $7.59/SF

Area

Mesa, AZ

Vacancy

6.70%

Lease Rate

$13.56 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,150,620

Cap Rate 7%

$821,871

Cap Rate 9%

$639,233

Alternative Uses

Best Use

Office B

$1.86M

$1.62M – $2.16M (±1% cap)

NOI $129,867 @ 7.0% cap · market cap 9.28%

Second Best

Healthcare Medical

$821.9K

$719.1K – $958.9K (±1% cap)

NOI $57,531 @ 7.0% cap · market cap 4.11%

Theoretical Best

Office A

$2.08M

$1.82M – $2.42M (±1% cap)

NOI $145,422 @ 7.0% cap · market cap 10.39%

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

Medical Office Space

Suggested Use

Top Pick Law Firm Hair Salon Nail Salon Restaurant Spa & Massage Center Food Market

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

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

523

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

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

$230 Jul

$186 Aug

$171 Sep

$175 Oct

Properties on Market for Medical Office Space 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?

Medical Office Space - The suite includes monument signage along Brown Road and supports office or medical use.

Where is this medical office space located?

The property is located at 6245 E Brown Rd Mesa, AZ.

What is the asking price?

The asking price for this property is $1,399,000.

What are key features of this property?

This property features: Suite 101 contains approximately 7,579 SF; Monument signage on Brown Road; Near Highway 60, I‑87, Loop 202, and Banner Baywood Medical Center