Medical Office Condo with Exam
For Sale
Contact for pricing
6638 E Baseline Rd, Mesa, AZ 85206
Medical office condo features reception, four exam rooms, and multiple private offices.
Property Size2,877 SF
Price / SF$415
Days on Market92
Property Features for 6638 E Baseline Rd
General Information
Standard status
Active
Size
2,877 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
Commercial Properties Inc
(480) 966-2301
Listed By:
Tyson Breinholt · License #BR517298000
(602) 315-7131
Source:
Moodyscre
Added: Jun 17
Changed: Sep 7
Last Checked: Sep 15 at 9:19AM
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.
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,298
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$985,960
$986.0K
Cap Rate 7%
$704,257
$704.3K
Cap Rate 9%
$547,756
$547.8K
Market Conditions
NOI Build-Up for 2,877 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $49,298 @ 7.0% cap · market cap 4.13%
Second Best
Healthcare Medical
$312.0K
$273.0K – $364.0K
NOI $21,839 @ 7.0% cap · market cap 1.83%
Theoretical Best
Office A
$788.6K
$690.0K – $920.0K
NOI $55,202 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Vetco — 2090 S Power Rd, Mesa, AZ 85208
- Petco Vaccination Clinic — 2090 S Power Rd, Mesa, AZ 85209
- Petsmart — mesa, az 85209
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
