Medical Office Condo
633 E Ray Rd Ste 104 Gilbert, AZ 85296
New
633 E Ray Rd Ste 104, Gilbert, AZ, 85296
$830,000
For Sale
$830,000
Efficient office condo suite includes a private restroom, controlled entry, and two fenced garages with extra attached storage.
Property Size2,062 SF
Price / SF$402.52
Days on Market3
Property Features for 633 E Ray Rd Ste 104
General Information
- Standard status
- Active
- Size
- 2,062 SF
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing Agency
Commercial Properties Inc.
(602) 809-6570
Listed by
Eric Butler · License #AZ #BR515583000
(602) 809-6570
Source
Corfac
Added: Jul 19 Updated: Jul 20 at 3:25 am Checked: Jul 20 at 3:25 am
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 Commercial Properties Inc.
Investment Insights
Based on property information with market context.
This medical office condo suite offers 1,517 square feet of efficient, private, professionally presented space. The layout includes a dedicated reception area, perimeter windows for generous natural light, and a private restroom facility within the suite. Secure, controlled-access entry supports tenant privacy, and the space is described as having modern mechanical and utility infrastructure in place. The unit is also offered with two fenced garages plus an additional 545 square feet of garage/storage area at the back of the project.
The property is located at 633 E Ray Rd, Suite 104, in Gilbert, Arizona, within a unique project that provides fenced/secured storage and garage area. The offering notes on-site parking allocations for suite occupants and an opportunity for signage presence within the Ray Road corridor.
Ownership is structured as a condominium association with professional property management referenced in the remarks, and the garages/storage are positioned to reinforce the project’s secured storage concept.
The property is located at 633 E Ray Rd, Suite 104, in Gilbert, Arizona, within a unique project that provides fenced/secured storage and garage area. The offering notes on-site parking allocations for suite occupants and an opportunity for signage presence within the Ray Road corridor.
Ownership is structured as a condominium association with professional property management referenced in the remarks, and the garages/storage are positioned to reinforce the project’s secured storage concept.
Key Highlights
- 1,517 SF office condo suite with a private restroom and perimeter windows for natural light
- Secure, controlled‑access entry plus a dedicated reception area for client‑facing convenience
- Private suite layout offers flexible interior configuration options
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.7k | $24.12 |
| − Vacancy | −$9.6k | −$4.68 |
| EGI | $40.1k | $19.44 |
| − OpEx | −$10.0k | −$4.86 |
| NOI | $30.1k | $14.58 |
2,062 SF · lease $24.12/SF/yr · vacancy 19.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$429.5K
$375.8K – $501.1K
NOI $30,065 @ 7.0% cap · market cap 3.62%
Second Best
Healthcare Medical
$400.9K
$350.8K – $467.7K
NOI $28,060 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$541.4K
$473.7K – $631.6K
NOI $37,897 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Darcam Real Estate ...
Real Estate Agency
Cathy Abramson - Realtor
Real Estate Agency
Simon Dental Care
Dental Office
Verint
(Bike/Boat/Book/etc) Store
Semone Rochlin, D.O., ...
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Gilbert Veterinary Hospital — 1655 S Gilbert Rd, Gilbert, AZ 85295
- Gilbert Veterinary Hospital: Dudley Amanda DVM — 1655 S Gilbert Rd, Gilbert, AZ 85295
- Watson Lee DVM — 1655 S Gilbert Rd, Gilbert, AZ 85295
- Arizona Equine Medical & Surgical Centre — 1685 S Gilbert Rd, Gilbert, AZ 85295
- GAYLE S. LEITH, DVM — 1685 S Gilbert Rd, Gilbert, AZ 85296
FAQs
What type of property is this?
Medical Office Space - Efficient office condo suite includes a private restroom, controlled entry, and two fenced garages with extra attached storage.
Where is this medical office space located?
The property is located at 633 E Ray Rd Ste 104 Gilbert, AZ.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: 1,517 SF office condo suite with a private restroom and perimeter windows for natural light; Secure, controlled‑access entry plus a dedicated reception area for client‑facing convenience; Private suite layout offers flexible interior configuration options
