Mesa Office Building For
For Sale
$1,325,000
7447 East Southern Avenue Suite 107-108, Mesa, AZ 85209
Mesa office building near US 60 and Sossaman Rd.
Property Size5,953 SF
Price / SF$222.58
Days on Market273
Property Features for 7447 East Southern Avenue Suite 107-108
General Information
Standard status
Active
Size
5,953 SF
Class
B
Property subtype
Office
Building Details
Building Size
5,953 SF
Listing Agency:
Sperry Commercial Global Affiliates
(480) 519-1804
Listed By:
Zackery Sherman · License #AZ #684602000
(480) 519-1804
Source:
Sperrycga
Added: Nov 21, 2025
Changed: Aug 9
Last Checked: Aug 21 at 5:44AM
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 Sperry Commercial Global Affiliates
Investment Insights
Based on property information with market context.
This 5,953 square foot office building, constructed in 2008, is located in Mesa, Arizona, near US 60 and Sossaman Road. The property is situated within the Commons at Superstition Springs, with direct frontage on Southern Avenue, a high-traffic thoroughfare. The location offers convenient access to numerous retail amenities, including the Superstition Springs Center, Costco, Target, and a variety of shops and restaurants. Immediate access to US 60 is available via a full-diamond interchange at Power Road and a half-diamond interchange at Sossaman Road. The Loop 202 Freeway is also easily accessible, providing short drive times to the entire southeast valley. The property is zoned LI. The CAM fee is $597.41 per month. The 2022 property taxes were $8,931.68.
Key Highlights
- Excellent location in Mesa, AZ, with direct frontage on Southern Ave near US 60 and Sossaman Rd.
- High traffic area on Southern Ave.
- Immediate freeway access to US 60 and Loop 202.
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
$99,629
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
7.52%
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%
$1,992,580
$2.0M
Cap Rate 7%
$1,423,271
$1.4M
Cap Rate 9%
$1,106,989
$1.1M
Market Conditions
NOI Build-Up for 5,953 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
$165.0K $27.72/SF
− Vacancy
−$32.2K −$5.41/SF
EGI
$132.8K $22.31/SF
− OpEx
−$33.2K −$5.58/SF
NOI
$99.6K $16.74/SF
Area
ZIP 85209
Vacancy
19.50%
Lease Rate
$27.72 /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%
$1,992,580
Cap Rate 7%
$1,423,271
Cap Rate 9%
$1,106,989
Alternative Uses
Best Use
Office B
$1.42M
$1.25M – $1.66M
NOI $99,629 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,364 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 85209, AZ
44,192
Population
21,921
Households
2
Avg Household Size
44
Median Age
33%
College-Educated
93%
High-School Grad
11.8 sq mi
ZIP Area
3,745
Density / Sq Mi
$80,498
Median Household Income
$46,682
Median Earnings
$1,798
Median Rent
$363,800
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 building - Mesa office building near US 60 and Sossaman Rd.
Where is this office building located?
The property is located at 7447 East Southern Avenue Suite 107-108 Mesa, AZ.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Excellent location in Mesa, AZ, with direct frontage on Southern Ave near US 60 and Sossaman Rd.; High traffic area on Southern Ave.; Immediate freeway access to US 60 and Loop 202.
