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    1818 Baseline Rd Mesa, AZ 85204

    For Sale
    $2,352,746

    High-yield multi-tenant office/warehouse

    Property size:
    9,101 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A commercial property in Mesa, Arizona, presents a compelling investment opportunity. Located at 1818 E. Baseline Rd, this multi-tenant complex boasts 9,101 square feet across two buildings on a 54,355 square foot lot. The property features a mix of distribution, executive office, and warehouse space, currently housing three tenants: a pediatric office (2,400 sq ft) with four years remaining on a five-year lease, a dermatology office (4,800 sq ft) with three years remaining on a five-year lease, and a soon-to-be-leased 1,900 sq ft basement office. The property offers a strong 6.39% cap rate with a potential increase to 7.5% upon leasing the basement space at $14/sq ft. The property is zoned C-1 and C-N, providing flexibility for various uses. Built in 1996 and renovated since, the property includes 31 parking spaces, 10.1' and 12' ceiling heights, and is conveniently located near US-60 freeway, offering excellent accessibility. The asking price is $2,352,746, with a current NOI of $150,384. The property's location and tenant mix make it an attractive investment for discerning buyers. Occupancy is expected by October 7, 2024.

    Property Features for 1818 Baseline Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    9,101 SF
    Class
    A

    Building Details

    Year Renovated
    1996
    Buildings
    2
    Stories
    2
    Units
    3
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    7 Garden Dumpling ... Asian Restaurant The Learning Center by ... Education Center Dr. Brent Sloten Dermatologist Brent Drew Sloten Dermatologist ALISON M PETERSON Physician Assistant

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.79249685
    Latitude
    33.37905858

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    FAQs

    What type of property is this?
    Distribution property - High-yield multi-tenant office/warehouse
    Where is this distribution property located?
    The property is located at 1818 Baseline Rd Mesa, AZ.
    What is the asking price?
    The asking price for this property is $2,352,746.
    Request Owner's contact information
    1818 Baseline Rd Mesa, AZ 85204
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    Mesa, AZ 85204
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1818 Baseline Rd Mesa, AZ 85204
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