Standalone Office
For Sale
$2,700,000
700 N Cooper Rd Unit 101-104, Gilbert, AZ 85233
Move-in condition office property with flexible suite configuration and C-C zoning.
Property Size7,492 SF
Price / SF$360.38
Days on Market396
Property Features for 700 N Cooper Rd Unit 101-104
General Information
Standard status
Active
Size
7,492 SF
Property subtype
Commercial
Building Details
Year Built
2007
Buildings
1
Building Size
7,492 SF
Listing Agency:
Realty ONE Group
(888) 461-0101
Listed By:
Jason Miszuk · License #SA562932000
Source:
Searchflagstaffhouses
Added: Jul 31, 2025
Changed: Aug 29
Last Checked: Aug 30 at 6:14PM
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 Realty ONE Group
Investment Insights
Based on property information with market context.
Located at 700 N Cooper Road #101-104 in Gilbert, Arizona, this standalone office building contains approximately 7,492 SF configured for professional office use. The interior includes a substantial open area with high ceilings, multiple private offices, a break room, and restrooms. Built in 2007, the property is presented in move-in condition with an established office build-out.
The space is arranged across Suites 101, 102, 103, and 104, allowing for multiple office configurations or potential suite separation. C-C zoning is identified for the property. The combination of open workspace, private offices, and supporting amenities provides a practical layout for an owner-user seeking a dedicated commercial office location.
The space is arranged across Suites 101, 102, 103, and 104, allowing for multiple office configurations or potential suite separation. C-C zoning is identified for the property. The combination of open workspace, private offices, and supporting amenities provides a practical layout for an owner-user seeking a dedicated commercial office location.
Key Highlights
- Approximately 7,492 SF office building at 700 N Cooper Road #101‑104
- Four suites identified: 101, 102, 103, and 104
- High‑ceiling open area with multiple 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
$109,237
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
4.05%
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%
$2,184,740
$2.2M
Cap Rate 7%
$1,560,529
$1.6M
Cap Rate 9%
$1,213,744
$1.2M
Market Conditions
NOI Build-Up for 7,492 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
$180.7K $24.12/SF
− Vacancy
−$35.1K −$4.68/SF
EGI
$145.6K $19.44/SF
− OpEx
−$36.4K −$4.86/SF
NOI
$109.2K $14.58/SF
Area
Gilbert, AZ
Vacancy
19.40%
Lease Rate
$24.12 /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%
$2,184,740
Cap Rate 7%
$1,560,529
Cap Rate 9%
$1,213,744
Alternative Uses
Best Use
Office B
$1.56M
$1.37M – $1.82M
NOI $109,237 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.97M
$1.72M – $2.29M
NOI $137,693 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
Explore this area
Business Placement
Demographics for 85233, AZ
39,006
Population
15,080
Households
2.6
Avg Household Size
37
Median Age
43%
College-Educated
95%
High-School Grad
9.6 sq mi
ZIP Area
4,063
Density / Sq Mi
$105,154
Median Household Income
$55,132
Median Earnings
$1,895
Median Rent
$468,600
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.
Frequently Asked Questions
What type of property is this?
Office building - Move-in condition office property with flexible suite configuration and C-C zoning.
Where is this office building located?
The property is located at 700 N Cooper Rd Unit 101-104 Gilbert, AZ.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Approximately 7,492 SF office building at 700 N Cooper Road #101‑104; Four suites identified: 101, 102, 103, and 104; High‑ceiling open area with multiple private offices
