Medical Office
New
For Sale
$799,900
70 N McClintock Dr Unit 4, Chandler, AZ 85226
Condominium office with an existing medical build-out, private treatment rooms, staff areas, and dedicated restrooms.
Property Size2,727 SF
Price / SF$293.33
Days on Market2
Property Features for 70 N McClintock Dr Unit 4
General Information
Standard status
Active
Size
2,727 SF
Building Details
Year Built
2006
Listing Agency:
Kosh Realty
Listed By:
Nishel Badiani · License #SA563834000
(602) 920-0150
Source:
Mendozateam
Added: Sep 7
Last Checked: Sep 8 at 10:07AM
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 Kosh Realty
Investment Insights
Based on property information with market context.
This medical office condominium at Chandler Gateway Office Park contains 2,727 SF and was built in 2006. The existing layout includes a reception and waiting area, private offices, treatment and exam rooms, private restrooms, a nurses station, break room, and kitchenette.
The property is located at 70 N McClintock Dr Unit 4 in Chandler, Arizona. Its current configuration is suited to medical, dental, behavioral health, or professional office operations, as supported by the existing build-out.
The property is located at 70 N McClintock Dr Unit 4 in Chandler, Arizona. Its current configuration is suited to medical, dental, behavioral health, or professional office operations, as supported by the existing build-out.
Key Highlights
- 2,727 SF medical office condominium
- Built in 2006
- Reception and waiting area with private offices
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
$42,926
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
5.37%
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%
$858,520
$858.5K
Cap Rate 7%
$613,229
$613.2K
Cap Rate 9%
$476,956
$477.0K
Market Conditions
NOI Build-Up for 2,727 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
$71.0K $26.04/SF
− Vacancy
−$13.8K −$5.05/SF
EGI
$57.2K $20.99/SF
− OpEx
−$14.3K −$5.25/SF
NOI
$42.9K $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%
$858,520
Cap Rate 7%
$613,229
Cap Rate 9%
$476,956
Alternative Uses
Best Use
Office B
$613.2K
$536.6K – $715.4K
NOI $42,926 @ 7.0% cap · market cap 5.37%
Second Best
Healthcare Medical
$499.3K
$436.9K – $582.5K
NOI $34,949 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$781.6K
$683.9K – $911.9K
NOI $54,715 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Petco Vaccination Clinic — 3452 W Chandler Blvd, Chandler, AZ 85226
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Condominium office with an existing medical build-out, private treatment rooms, staff areas, and dedicated restrooms.
Where is this medical office space located?
The property is located at 70 N McClintock Dr Unit 4 Chandler, AZ.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 2,727 SF medical office condominium; Built in 2006; Reception and waiting area with private offices
