Medical Office
For Sale
Contact for pricing
70 N McClintock Dr. #102, Chandler, AZ 85226
Six private offices, reception space, a kitchen, server room, and two ADA restrooms support professional operations.
Property Size2,438 SF
Price / SF$297.37
Days on Market12
Property Features for 70 N McClintock Dr. #102
General Information
Standard status
Active
Size
2,438 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
1
Building Details
Parking Ratio
5 per 1,000 SF
Listing Agency:
Infinity Group
(480) 900-8484
Listed By:
Hani Aldulaimi · License #AZ BR533683000
Source:
Crexi
Added: Aug 21
Changed: Aug 29
Last Checked: Aug 31 at 12:20AM
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 Infinity Group
Investment Insights
Based on property information with market context.
This 2,438 SF office condominium includes six private offices, a sizable intake and reception area, kitchen, server room with janitorial use, and two ADA restrooms. The suite receives substantial natural light and was most recently occupied by a behavioral health clinic. Medical, wellness, and professional office uses are supported by the property information.
The property is located at 70 N. McClintock Dr. #102 in Chandler, with access to Loop 101, Loop 202, and I-10. Chandler Boulevard and McClintock Drive provide major roadway access, while Stellar Airpark, Chandler Fashion Center, and Chandler Regional Hospital are nearby. Parking includes two reserved stalls and a stated ratio of 5 stalls/1,000sf.
The property is located at 70 N. McClintock Dr. #102 in Chandler, with access to Loop 101, Loop 202, and I-10. Chandler Boulevard and McClintock Drive provide major roadway access, while Stellar Airpark, Chandler Fashion Center, and Chandler Regional Hospital are nearby. Parking includes two reserved stalls and a stated ratio of 5 stalls/1,000sf.
Key Highlights
- 2,438 SF office condo with six private offices
- Large intake and reception area with kitchen and server room
- Two ADA 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
$38,377
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
5.29%
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%
$767,540
$767.5K
Cap Rate 7%
$548,243
$548.2K
Cap Rate 9%
$426,411
$426.4K
Market Conditions
NOI Build-Up for 2,438 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
$63.5K $26.04/SF
− Vacancy
−$12.3K −$5.05/SF
EGI
$51.2K $20.99/SF
− OpEx
−$12.8K −$5.25/SF
NOI
$38.4K $15.74/SF
Area
Chandler, AZ
Vacancy
19.40%
Lease Rate
$26.04 /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%
$767,540
Cap Rate 7%
$548,243
Cap Rate 9%
$426,411
Alternative Uses
Best Use
Office B
$548.2K
$479.7K – $639.6K
NOI $38,377 @ 7.0% cap · market cap 5.29%
Second Best
Healthcare Medical
$446.4K
$390.6K – $520.8K
NOI $31,245 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$698.8K
$611.5K – $815.3K
NOI $48,916 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
727
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85226, AZ
40,689
Population
17,406
Households
2.3
Avg Household Size
38
Median Age
50%
College-Educated
96%
High-School Grad
38.4 sq mi
ZIP Area
1,060
Density / Sq Mi
$103,740
Median Household Income
$58,515
Median Earnings
$1,785
Median Rent
$452,400
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?
Medical Office Space - Six private offices, reception space, a kitchen, server room, and two ADA restrooms support professional operations.
Where is this medical office space located?
The property is located at 70 N McClintock Dr. #102 Chandler, AZ.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 2,438 SF office condo with six private offices; Large intake and reception area with kitchen and server room; Two ADA restrooms
