Licensed Medical Center with Surgery
For Sale
$9,500,000
77 S DOBSON Road, Chandler, AZ 85224
Configured for surgical and clinical operations with recovery, exam, and reception areas.
Property Size17,492 SF
Price / SF$543.11
Days on Market93
Property Features for 77 S DOBSON Road
General Information
Standard status
Active
Size
17,492 SF
Property subtype
Comm/industry Sale
Additional Details
Business Included
Yes
Office Units
2
Listing Agency:
Realty ONE Group
(623) 236-1414
Listed By:
Jason Miszuk · License #SA562932000
(602) 363-5058
Source:
Juliebradfeldt
Added: Jul 30
Changed: Oct 26
Last Checked: Oct 30 at 2:11PM
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
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Investment Insights
Based on property information with market context.
This 2014 medical center includes an in-place ASC license and a configured surgical and clinical environment. The property is divided into two suites: Suite 1 offers approximately 9,684 square feet of second-generation medical office space, while Suite 2 contains an approximately 7,808-square-foot built-out ASC surgery center with cath labs.
The facility includes two Class C operating rooms, a large waiting area, reception, break room, multiple private exam rooms, a post-operation recovery room, and a backup generator. Located at 77 S Dobson Road in Chandler, the property is less than one mile from Chandler Regional Hospital and near Banner Ocotillo Hospital. Possible leasing of half the property is also noted, including a potential five-year leaseback of Suite 1.
The facility includes two Class C operating rooms, a large waiting area, reception, break room, multiple private exam rooms, a post-operation recovery room, and a backup generator. Located at 77 S Dobson Road in Chandler, the property is less than one mile from Chandler Regional Hospital and near Banner Ocotillo Hospital. Possible leasing of half the property is also noted, including a potential five-year leaseback of Suite 1.
Key Highlights
- In‑place ASC license for a configured surgical center
- Two suites totaling approximately 17,492 square feet
- Suite 2 includes an approximately 7,808‑square‑foot ASC surgery center with cath labs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$275,345
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,506,900
$5.5M
Cap Rate 7%
$3,933,500
$3.9M
Cap Rate 9%
$3,059,389
$3.1M
Market Conditions
NOI Build-Up for 17,492 SF
Gross rent
$455.5K $26.04/SF
− Vacancy
−$88.4K −$5.05/SF
EGI
$367.1K $20.99/SF
− OpEx
−$91.8K −$5.25/SF
NOI
$275.3K $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 Rate 5%
$5,506,900
Cap Rate 7%
$3,933,500
Cap Rate 9%
$3,059,389
Alternative Uses
Best Use
Office B
$3.93M
$3.44M – $4.59M
NOI $275,345 @ 7.0% cap · market cap 2.90%
Second Best
Healthcare Medical
$3.20M
$2.80M – $3.74M
NOI $224,177 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$5.01M
$4.39M – $5.85M
NOI $350,959 @ 7.0% cap · market cap 3.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,403
Businesses Nearby
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Business Placement
Demographics for 85224, AZ
46,919
Population
21,559
Households
2.2
Avg Household Size
38
Median Age
40%
College-Educated
94%
High-School Grad
9.4 sq mi
ZIP Area
4,991
Density / Sq Mi
$90,886
Median Household Income
$53,408
Median Earnings
$1,785
Median Rent
$391,000
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical center - Configured for surgical and clinical operations with recovery, exam, and reception areas.
Where is this medical center located?
The property is located at 77 S DOBSON Road Chandler, AZ.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: In‑place ASC license for a configured surgical center; Two suites totaling approximately 17,492 square feet; Suite 2 includes an approximately 7,808‑square‑foot ASC surgery center with cath labs
