Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1220 Higley Rd Mesa, AZ 85206

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Mesa medical office building, 4,202 SF available

    Lot size:
    18,928 SF

    Property Features for 1220 Higley Rd

    General Information

    Property type
    Medical Office Space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,928 SF
    Class
    B
    Total Rate
    37856

    Building Details

    Year Built
    2007
    Buildings
    1
    Stories
    2

    Spaces For Lease

    at 1220 Higley Rd, Mesa, AZ 85206 Contact us
    Unit 204

    $24 /Mo

    Size
    1,533 SF
    Contact us
    Unit 106

    $24 /Mo

    Size
    2,669 SF
    Contact us

    We can help!

    Listing Contact
    Rachael Thompson
    Rachael Thompson

    Listing Agency: Kidder Mathews | Phoenix Listing Agent: Rachael Thompson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional two-story medical office building, totaling 18,928 square feet, presents a prime leasing opportunity in Mesa, Arizona's Superstition Corridor submarket. Located at 1220 S Higley Rd, this Class B property, built in 2007, offers 4,202 square feet of immediately available space, with a maximum contiguous space of 4,202 square feet. The building features 110 parking spaces and convenient elevator access. Its strategic location less than half a mile north of US-60 and one mile from Banner Gateway Medical Center ensures high visibility and accessibility for both patients and staff. Boasting a prominent Higley Road frontage with over 37,058 vehicles passing daily, this property benefits from significant traffic exposure. The building sits on two acres of land and is zoned C-C. Attractive tenant improvement (TI) allowances are available, allowing for customization to suit diverse medical and professional needs. The proximity to Banner Baywood and Banner Gateway Medical Centers, coupled with easy access to retail amenities, makes this a highly desirable location. This is a single building, two-story structure in Maricopa County, Arizona, with the APN 140-54-005U and zip code 85206.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sun Valley Pediatric ... Dental Office Banner Children's - Banner ... Medical Clinic East Valley Pediatrics Pediatrician Alicia Martinez, MD: ... Pediatrician Kelly England, MD: ... Pediatrician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.71977001503
    Latitude
    33.392484969076

    Nearby Similar for Lease

    • New
      Contact for pricing

      AZ, Mesa- W Brown Rd

      Discover many ways to work your way in AZ, Mesa- W Brown Rd
      560 Brown Rd, Mesa, AZ 85201
      View Details
    • New
      Contact for pricing

      Stapley Corporate Center

      Discover many ways to work your way in Stapley Corporate Center
      1910 Stapley Dr, Mesa, AZ 85204
      View Details
    • Sponsored
      New
      Contact for pricing

      Val Vista

      Discover many ways to work your way in Val Vista
      3707 Southern Ave, Mesa, AZ 85206
      View Details
    • New
      Contact for pricing

      Dobson

      Discover many ways to work your way in Dobson
      2266 Dobson Rd, Mesa, AZ 85202
      View Details
    • Contact for pricing

      Turnkey Auto Repair Facility

      Ready-to-operate auto repair shop in Mesa, Arizona.
      746 W Southern Ave, Mesa, AZ 85210
      View Details
    • $5,000 /Mo

      Mesa Freestanding Industrial Building

      Freestanding industrial building with fenced yard and mezzanine.
      414 S Grand Ave, Mesa, AZ 85210
      View Details
    • $5,000 /Mo

      Mesa Freestanding Industrial Building

      4000 SF industrial building with fenced yard for lease.
      414 S Grand Ave, Mesa, AZ 85210
      View Details
    • $15 SF/Yr
      5,875 SF

      Freestanding Mesa Property For Lease

      Remodeled showroom with roll-up bays, ideal for automotive or industrial.
      220 E Baseline Rd, Mesa, AZ 85210
      View Details
    • $500 /Mo

      Functional Office Space in Mesa

      Efficient commercial office space with convenient amenities and prime location.
      2651 West Guadalupe Rd, Mesa, AZ 85202
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Mesa medical office building, 4,202 SF available
    Where is this medical office space located?
    The property is located at 1220 Higley Rd Mesa, AZ.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Prime location near major medical centers and US-60.; High visibility from Higley Road's high traffic volume.; Flexible suite sizes: 1,533-2,669 square feet, ideal for office or medical use.
    (602) 513-5122 Call to check price and availability
    Request Owner's contact information
    1220 Higley Rd Mesa, AZ 85206
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1220 Higley Rd
    Mesa, AZ 85206
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1220 Higley Rd Mesa, AZ 85206
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rachael Thompson
    Rachael Thompson
    Real Estate License ID: SA545102000
    (602) 513-5122 (602) 513-5200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!