Broadway East Medical Center
For Sale
$5,295,000
7525 E Broadway Rd, Mesa, AZ 85208
Stabilized medical office complex in Mesa, Arizona, 92% leased.
Property Size20,802 SF
Price / SF$254.54
Days on Market194
Property Features for 7525 E Broadway Rd
General Information
Standard status
Active
Size
20,802 SF
Class
B
Property subtype
Office
Building Details
Building Size
20,802 SF
Year Built
1997
Listing Agency:
Commercial Properties Inc
(602) 561-1339
Listed By:
Matt Zaccardi · License #SA584155000
(602) 561-1339
Source:
Corfac
Added: Jan 26
Changed: Aug 8
Last Checked: Aug 8 at 6:03AM
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 Commercial Properties Inc
Investment Insights
Based on property information with market context.
Broadway East Medical Center, located at 7525 E Broadway Rd in Mesa, Arizona, is a multi-tenant medical office complex. The property has a total size of 20,802 square feet and is currently 92% occupied. The tenant roster includes established medical practices specializing in family medicine, cardiology, pain management, and physical therapy. A seller-guaranteed rent is in place for the single vacant suite. The property is located within a dense, mature, and medically focused community. The surrounding area has a population of nearly 280,000 residents and over 75,000 daytime employees within a five-mile radius. The community has a median age of over 44. The property is located in close proximity to Banner Baywood/Heart Medical Center and Banner Gateway Medical Center. It offers easy access to Loop 202 and US-60 Freeways. The parking ratio is 6.34 per 1,000 square feet. Lease types are NNN and MG. Monument signage is available, and the property has ingress/egress on E Broadway Rd.
Key Highlights
- High‑yield, stabilized medical office complex with 92% occupancy and a diverse tenant roster.
- Seller‑guaranteed rent for vacant suite ensures immediate and reliable cash flow.
- Located in a dense, mature, medically‑focused community with a large patient base (280,000 residents within 5 miles).
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
$356,444
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
6.73%
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%
$7,128,880
$7.1M
Cap Rate 7%
$5,092,057
$5.1M
Cap Rate 9%
$3,960,489
$4.0M
Market Conditions
NOI Build-Up for 20,802 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
$601.6K $28.92/SF
− Vacancy
−$126.3K −$6.07/SF
EGI
$475.3K $22.85/SF
− OpEx
−$118.8K −$5.71/SF
NOI
$356.4K $17.14/SF
Area
Mesa, AZ
Vacancy
21.00%
Lease Rate
$28.92 /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%
$7,128,880
Cap Rate 7%
$5,092,057
Cap Rate 9%
$3,960,489
Alternative Uses
Best Use
Office B
$5.09M
$4.46M – $5.94M
NOI $356,444 @ 7.0% cap · market cap 6.73%
Second Best
Healthcare Medical
$2.26M
$1.97M – $2.63M
NOI $157,906 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$5.70M
$4.99M – $6.65M
NOI $399,139 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85208, AZ
36,820
Population
18,699
Households
2
Avg Household Size
45
Median Age
21%
College-Educated
89%
High-School Grad
8.1 sq mi
ZIP Area
4,546
Density / Sq Mi
$68,452
Median Household Income
$40,913
Median Earnings
$1,438
Median Rent
$261,200
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?
Medical Office Space - Stabilized medical office complex in Mesa, Arizona, 92% leased.
Where is this medical office space located?
The property is located at 7525 E Broadway Rd Mesa, AZ.
What is the asking price?
The asking price for this property is $5,295,000.
What are key features of this property?
This property features: High‑yield, stabilized medical office complex with 92% occupancy and a diverse tenant roster.; Seller‑guaranteed rent for vacant suite ensures immediate and reliable cash flow.; Located in a dense, mature, medically‑focused community with a large patient base (280,000 residents within 5 miles).
