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

    37200 N Gantzel Rd San Tan Valley, AZ 85140

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    60,000 SF Class A medical office building on Banner Ironwood campus.

    Type:Office
    Property size:
    60,000 SF
    Added:
    Jul 7, 2021
    Days on Market:
    1751
    Last Refresh:
    Mar 16 at 10:14 am

    Property Features for 37200 N Gantzel Rd

    General Information

    Standard status
    Active
    Size
    60,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    2019

    Spaces For Lease

    at 37200 N Gantzel Rd Contact us

    Suite 300 $31 /Mo

    Size
    10,000 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Margaret Lloyd

    Listing agent Margaret Lloyd License #AZ BR021825000

    Listing office Plaza Companies

    Listing date Jul 7, 2021

    Source Crexi

    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 Plaza Companies

    Overview

    Medical Office Building For Lease

    This is a 60,000 square foot, three-story, Class A medical office building. It is located on the Banner Ironwood Medical Center campus in Queen Creek. The project was delivered in September 2019. The parking ratio is 5.4 per 1,000 square feet. Covered reserved parking is available for physicians and staff.
    Location Intelligence

    Current Use by Public Records

    Sonoran Surgical: Colorectal ... Medical Clinic Dr Dashant S ... Physician Bradley Newswander, DPM, ... Physician CVAM Medical Clinic Dr David Bell- ... Physician

    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.

    Similar Places Nearby

    • Ironwood Animal Hospital - A Thrive Pet Healthcare Partner — 85 W Combs Rd #116, San Tan Valley, AZ 85140

    Location Insight

    • Map
    • Local Demand
    City
    San Tan Valley
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.5636059
    Latitude
    33.217533

    Nearby Similar for Lease

    • $45/mo

      Retail/Office Space in San Tan

      Storefront retail/office space with high exposure and strong traffic.
      33528 N Village Ln, San Tan Valley, AZ
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office space in a growing San Tan Valley area.
      40219 N Gantzel Rd, San Tan Valley, AZ
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office space in a growing area with mountain views.
      40191 N Gantzel Rd, San Tan Valley, AZ
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      Medical office space available in Terraza Medical Village.
      40337 N Gantzel Rd, San Tan Valley, AZ
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office space in a growing San Tan Valley area.
      40341 N Gantzel Rd, San Tan Valley, AZ
      View Details
    • Contact for pricing

      Medical Office Space in Arizona

      Medical office space for rent in fast-growing San Tan Valley.
      40245 N Gantzel Rd, San Tan Valley, AZ 85140
      View Details
    • Contact for pricing

      Retail Space in Growing Community

      Retail space available in fast-growing San Tan Valley, Arizona.
      4106 Eli Dr, San Tan Valley, AZ
      View Details
    • Contact for pricing

      Retail Space in Growing Community

      Retail space available in rapidly growing San Tan Valley, Arizona.
      4163 W Hunt Hwy, San Tan Valley, AZ
      View Details
    • Contact for pricing

      Retail Space in Growing Community

      Retail space available in rapidly growing San Tan Valley, Arizona.
      4144 Eli Dr, San Tan Valley, AZ
      View Details
    • Contact for pricing

      Retail Space in Growing Community

      Retail space available in fast-growing San Tan Valley, Arizona.
      4091 W Hunt Hwy, San Tan Valley, AZ
      View Details
    • Contact for pricing

      Retail Space in Growing Community

      Retail space available in San Tan Valley, Arizona.
      4202 Eli Dr, San Tan Valley, AZ
      View Details
    • Contact for pricing

      Retail Space in Growing Community

      Retail space available in rapidly growing San Tan Valley, Arizona.
      34521 Fortini Way, San Tan Valley, AZ
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 60,000 SF Class A medical office building on Banner Ironwood campus.
    Where is this medical office space located?
    The property is located at 37200 N Gantzel Rd San Tan Valley, AZ.
    What are key features of this property?
    This property features: Located on the Banner Ironwood Medical Center Campus; Class A Medical Office Building; Delivered September 2019 (relatively new construction)
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Margaret Lloyd
    Real Estate License ID: AZ BR021825000
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!