Listing Agency: Commercial Properties Inc Show Phone

Listed By: Tyson Breinholt · License #BR517298000 Show Phone

Source: Moodyscre

Added: Jun 17 Changed: Oct 26 Last Checked: Oct 30 at 4:01PM

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Investment Insights

Based on property information with market context.

Medical/office condo available for sale with a reception area, four offices, a bull pen, a break room, and four exam rooms. The space also includes two restrooms, supporting both patient-facing and staff workspace needs.

The property is located at Baseline & Power Rd, less than 1/2 mile from US Route 60, providing convenient access to a major thoroughfare.

Configured for medical and office use, this unit offers a mix of exam and work areas within a defined condo layout.

Key Highlights

• Medical/office condo with reception area, 4 offices, and a bull pen
• Includes 4 exam rooms plus a break room
• Two restrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,298

Cap Rate

4.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$985,960 $986.0K

Cap Rate 7%

$704,257 $704.3K

Cap Rate 9%

$547,756 $547.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,877 SF

Gross rent

$83.2K $28.92/SF

− Vacancy

−$17.5K −$6.07/SF

EGI

$65.7K $22.85/SF

− OpEx

−$16.4K −$5.71/SF

NOI

$49.3K $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%

$985,960

Cap Rate 7%

$704,257

Cap Rate 9%

$547,756

Alternative Uses

Best Use

Office B

$704.3K

$616.2K – $821.6K (±1% cap)

NOI $49,298 @ 7.0% cap · market cap 4.13%

Second Best

Healthcare Medical

$312.0K

$273.0K – $364.0K (±1% cap)

NOI $21,839 @ 7.0% cap · market cap 1.83%

Theoretical Best

Office A

$788.6K

$690.0K – $920.0K (±1% cap)

NOI $55,202 @ 7.0% cap · market cap 4.62%

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

Property Analytics

Current Use

Alta Mesa Chiropractic Alternative Medicine Practice Jennifer Mcchristian Foster Care Service Worden Medical Specialties Physician East Valley Kidney ... Physician Lauren King, FNP ... Gym & Fitness Center

Suggested Use

Top Pick Grocery & Convenience Store Electrical Service Garden Center Parking Lot & Garage Carpet & Flooring Store 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.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

958

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 85206, AZ

36,713

Population

19,078

Households

1.9

Avg Household Size

48

Median Age

34%

College-Educated

92%

High-School Grad

9.4 sq mi

ZIP Area

3,906

Density / Sq Mi

$69,986

Median Household Income

$45,422

Median Earnings

$1,717

Median Rent

$322,600

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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Similar Off Market Nearby

• Arizona Healthy Pet Hospitals — 2333 S Power Rd, Mesa, AZ 85209
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Frequently Asked Questions

What type of property is this?

Medical Office Space - Medical office condo features reception, four exam rooms, and multiple private offices.

Where is this medical office space located?

The property is located at 6638 E Baseline Rd Mesa, AZ.

What is the asking price?

The asking price for this property is $1,193,955.

What are key features of this property?

This property features: Medical/office condo with reception area, 4 offices, and a bull pen; Includes 4 exam rooms plus a break room; Two restrooms