Office Building with True NNN
For Sale
$1,295,000
Pending
625 W SOUTHERN Avenue, Mesa, AZ 85210
Office property zoned OC with a true NNN lease and 3% annual rent increases.
Property Size5,167 SF
Days on Market241
Property Features for 625 W SOUTHERN Avenue
General Information
Standard status
Pending
Size
5,167 SF
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$7,746
Building Details
Building Size
5,167 SF
Year Built
1973
Listing Agency:
American Realty Brokers
Listed By:
Robert Joseph Kapelke · License #SA516215000
(602) 777-0456
Source:
Jcluxuryresidential
Added: Feb 24
Changed: Oct 7
Last Checked: Oct 21 at 6:38AM
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 American Realty Brokers
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Investment Insights
Based on property information with market context.
This office property is offered as a true NNN lease investment. The current lease includes a 3% annual rent increase and offers (2) optional 5-year extensions, each at a market rent rate determined at the time of renewal. The current tenant also acts as the property manager.
The property has excellent frontage to Southern Ave and is zoned OC, supporting a range of office-oriented uses as determined by the local code.
If you are an owner-operator seeking to occupy the building, the tenant is willing to terminate the lease and relocate, subject to the terms of the agreement and relocation logistics.
The property has excellent frontage to Southern Ave and is zoned OC, supporting a range of office-oriented uses as determined by the local code.
If you are an owner-operator seeking to occupy the building, the tenant is willing to terminate the lease and relocate, subject to the terms of the agreement and relocation logistics.
Key Highlights
- 1973‑built office property zoned OC with a true NNN lease
- Current CAP rate listed at 5.95%
- Lease includes 3% annual rent increases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,537
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,770,740
$1.8M
Cap Rate 7%
$1,264,814
$1.3M
Cap Rate 9%
$983,744
$983.7K
Market Conditions
NOI Build-Up for 5,167 SF
Gross rent
$149.4K $28.92/SF
− Vacancy
−$31.4K −$6.07/SF
EGI
$118.0K $22.85/SF
− OpEx
−$29.5K −$5.71/SF
NOI
$88.5K $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%
$1,770,740
Cap Rate 7%
$1,264,814
Cap Rate 9%
$983,744
Alternative Uses
Best Use
Office B
$1.26M
$1.11M – $1.48M
NOI $88,537 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,142 @ 7.0% cap · market cap 7.66%
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
Location Intelligence
Trade Area within ½ mile
1,288
Businesses Nearby
Explore this area
Business Placement
Demographics for 85210, AZ
40,351
Population
16,292
Households
2.5
Avg Household Size
32
Median Age
25%
College-Educated
84%
High-School Grad
6.7 sq mi
ZIP Area
6,023
Density / Sq Mi
$59,680
Median Household Income
$38,479
Median Earnings
$1,383
Median Rent
$301,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
NNN property - Office property zoned OC with a true NNN lease and 3% annual rent increases.
Where is this nnn property located?
The property is located at 625 W SOUTHERN Avenue Mesa, AZ.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 1973‑built office property zoned OC with a true NNN lease; Current CAP rate listed at 5.95%; Lease includes 3% annual rent increases
