Mesa Office Building For
For Sale
$2,285,000
840 East McKellips Road, Mesa, AZ 85203
Office building for sale in Mesa, Arizona.
Property Size5,596 SF
Days on Market187
Property Features for 840 East McKellips Road
General Information
Standard status
Active
Size
5,596 SF
Property subtype
10/6/2026
Building Details
Building Size
5,596 SF
Year Built
2026
Listing Agency:
Cushman & Wakefield | Phoenix
Listed By:
Paige Blanzy · License #SA709572000
(602) 224-4484
Source:
Cushmanwakefield
Added: Apr 9
Changed: Oct 7
Last Checked: Oct 11 at 3:42AM
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 Cushman & Wakefield | Phoenix
Investment Insights
Based on property information with market context.
This commercial real estate offering features an office building located in Mesa, Arizona. The property is situated at 840 East McKellips Road.
Key Highlights
- New construction: Year Built 2026
- Office building for sale
- Located in Mesa, Arizona
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,888
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,917,760
$1.9M
Cap Rate 7%
$1,369,829
$1.4M
Cap Rate 9%
$1,065,422
$1.1M
Market Conditions
NOI Build-Up for 5,596 SF
Gross rent
$161.8K $28.92/SF
− Vacancy
−$34.0K −$6.07/SF
EGI
$127.9K $22.85/SF
− OpEx
−$32.0K −$5.71/SF
NOI
$95.9K $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 Rate 5%
$1,917,760
Cap Rate 7%
$1,369,829
Cap Rate 9%
$1,065,422
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.60M
NOI $95,888 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,373 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
Explore this area
Business Placement
Demographics for 85203, AZ
37,962
Population
14,020
Households
2.7
Avg Household Size
33
Median Age
29%
College-Educated
91%
High-School Grad
9.3 sq mi
ZIP Area
4,082
Density / Sq Mi
$72,851
Median Household Income
$40,524
Median Earnings
$1,388
Median Rent
$388,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Office building for sale in Mesa, Arizona.
Where is this office building located?
The property is located at 840 East McKellips Road Mesa, AZ.
What is the asking price?
The asking price for this property is $2,285,000.
What are key features of this property?
This property features: New construction: Year Built 2026; Office building for sale; Located in Mesa, Arizona
