Office Condo with Golf Course
New
For Sale
$1,267,000
6772 S KINGS RANCH Road, Gold Canyon, AZ 85118
Six offices and a conference room support a compact owner-user workspace in a professionally managed community.
Property Size7,454 SF
Price / SF$169.77
Days on Market4
Property Features for 6772 S KINGS RANCH Road
General Information
Standard status
Active
Size
7,454 SF
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$18,942
Amenities
conference room
Building Details
Building Size
7,454 SF
Year Built
2007
Listing Agency:
Kidder Mathews
Listed By:
Bret Isbell · License #BR549336000
(602) 300-4112
Source:
Jcluxuryresidential
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 2 at 9:14PM
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 Kidder Mathews
Investment Insights
Based on property information with market context.
This 7,463 SF office condominium, built in 2007, provides six private offices and a conference room within a professionally managed community. The property faces the Gold Canyon Golf Course and offers views toward the Superstition Mountains, creating a distinct setting for an owner-user office operation.
Located in Gold Canyon, an unincorporated community in Pinal County, the property is 13 minutes from Phoenix-Mesa Gateway Airport. The office is part of an Owner's Association and is positioned within a newer community known for its mountain and golf-course surroundings.
Located in Gold Canyon, an unincorporated community in Pinal County, the property is 13 minutes from Phoenix-Mesa Gateway Airport. The office is part of an Owner's Association and is positioned within a newer community known for its mountain and golf-course surroundings.
Key Highlights
- 7,463 SF office condominium built in 2007
- Six offices plus a conference room
- Fronts the Gold Canyon Golf Course
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
$102,940
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
8.12%
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%
$2,058,800
$2.1M
Cap Rate 7%
$1,470,571
$1.5M
Cap Rate 9%
$1,143,778
$1.1M
Market Conditions
NOI Build-Up for 7,463 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
$173.7K $23.28/SF
− Vacancy
−$36.5K −$4.89/SF
EGI
$137.3K $18.39/SF
− OpEx
−$34.3K −$4.60/SF
NOI
$102.9K $13.79/SF
Area
Pinal County, AZ
Vacancy
21.00%
Lease Rate
$23.28 /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%
$2,058,800
Cap Rate 7%
$1,470,571
Cap Rate 9%
$1,143,778
Alternative Uses
Best Use
Office B
$1.47M
$1.29M – $1.72M
NOI $102,940 @ 7.0% cap · market cap 8.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,426 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Explore this area
Business Placement
Demographics for 85118, AZ
13,044
Population
9,042
Households
1.4
Avg Household Size
66
Median Age
38%
College-Educated
94%
High-School Grad
148.7 sq mi
ZIP Area
88
Density / Sq Mi
$82,856
Median Household Income
$47,621
Median Earnings
$1,244
Median Rent
$447,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Six offices and a conference room support a compact owner-user workspace in a professionally managed community.
Where is this office units located?
The property is located at 6772 S KINGS RANCH Road Gold Canyon, AZ.
What is the asking price?
The asking price for this property is $1,267,000.
What are key features of this property?
This property features: 7,463 SF office condominium built in 2007; Six offices plus a conference room; Fronts the Gold Canyon Golf Course
