Ground-Level Apartment
For Sale
$293,000
7726 E BASELINE Road 170, Mesa, AZ 85209
Kitchen features stainless steel appliances, custom wood cabinetry, double pantries and a breakfast-bar peninsula.
Property Size992 SF
Days on Market9
Property Features for 7726 E BASELINE Road 170
General Information
Standard status
Active
Size
992 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$1,025
Building Details
Building Size
992 SF
Year Built
2008
Listing Agency:
Smith Preferred Properties
Listed By:
Glenn Taylor
(480) 822-0028
Source:
Gillettegroupaz
Added: Sep 24
Changed: Sep 26
Last Checked: Oct 1 at 7:17PM
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 Smith Preferred Properties
Investment Insights
Based on property information with market context.
This ground-floor apartment in Villa Rialto Condominiums includes a living room with high ceilings, plantation shutters and stone-tile flooring. The kitchen has custom wood cabinetry, stainless steel appliances, two pantries and a two-tier peninsula with a breakfast bar. The main bedroom has sliding-door access to the backyard and an en-suite bathroom with dual sinks. A back patio adds outdoor space. Built in 2008, the unit is part of a community with a pool, shared common areas and picnic spots. Bus stops, freeways, restaurants and shopping are nearby.
Key Highlights
- Ground‑level apartment in Villa Rialto Condominiums
- Built in 2008
- Kitchen with stainless steel appliances, custom wood cabinetry, double pantries and a two‑tier breakfast‑bar peninsula
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
$10,101
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
3.45%
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%
$202,020
$202.0K
Cap Rate 7%
$144,300
$144.3K
Cap Rate 9%
$112,233
$112.2K
Market Conditions
NOI Build-Up for 992 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
$19.6K $19.80/SF
− Vacancy
−$1.3K −$1.29/SF
EGI
$18.4K $18.51/SF
− OpEx
−$8.3K −$8.33/SF
NOI
$10.1K $10.18/SF
Area
ZIP 85209
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
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%
$202,020
Cap Rate 7%
$144,300
Cap Rate 9%
$112,233
Alternative Uses
Best Use
Apartment 5plus
$144.3K
$126.3K – $168.4K
NOI $10,101 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$329.4K
$288.2K – $384.3K
NOI $23,057 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
201
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Kitchen features stainless steel appliances, custom wood cabinetry, double pantries and a breakfast-bar peninsula.
Where is this residential income property located?
The property is located at 7726 E BASELINE Road 170 Mesa, AZ.
What is the asking price?
The asking price for this property is $293,000.
What are key features of this property?
This property features: Ground‑level apartment in Villa Rialto Condominiums; Built in 2008; Kitchen with stainless steel appliances, custom wood cabinetry, double pantries and a two‑tier breakfast‑bar peninsula
