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    2152 Vineyard Mesa, AZ 85210

    Sponsored
    For Lease
    Contact for pricing

    Prime Mesa Office Space Available

    Lot size:
    2,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional office space, located at 2152 S Vineyard Suite 116 in Mesa, Arizona, offers a variety of flexible options for medical or executive professionals. The property is a Class B building totaling 2,700 square feet, with multiple tenancies available. Individual suites range from a minimum of 133 square feet to a maximum contiguous space of 223 square feet, with 356 square feet currently vacant. The building boasts beautifully renovated suites, offering both furnished and unfurnished options. Shared amenities include a lobby and interior common area restrooms. The property features a landscaped exterior with grassy areas and pathways, situated in the Vanderbilt Plaza Professional Park, conveniently located near the intersection of Vineyard Ave and Baseline Rd in the 85210 zip code. Enjoy easy access to major freeways (US-60 and 101), proximity to Banner Desert Medical Center, and the Maricopa County Southeast Complex. The location benefits from a strong corporate office area, including the Fiesta Tech Center, and is adjacent to a 380-unit luxury apartment complex. This is an ideal location for businesses seeking a professional and convenient setting in a thriving area of Mesa, Maricopa County.

    Property Features for 2152 Vineyard

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,700 SF
    Class
    B

    Unit(s) available at that property

    Space
    Suite A
    Size
    223 SF

    We can help!

    Listing Contact
    TJ Zaharis
    TJ Zaharis

    Learn more

    Property Insight Report

    HighLights

    • 2,700 SF Class B office space in Mesa, AZ (85210), with suites ranging from 133 SF to 223 SF contiguous; 356 SF currently vacant.
    • Shared lobby and restrooms.
    • Covered parking with high ratios available.
    • Building and lobby signage opportunities.
    • Less than one mile from US‑60 Superstition Freeway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mind Clinic Medical Clinic Center for True Harmony ... Women'S Health Clinic American Health Group ... Health Insurance Agency Select Adjusters LLC Insurance Agency Pioneer Title Agency Title Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.8447483
    Latitude
    33.3754433

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    FAQs

    What type of property is this?
    Medical office - Prime Mesa Office Space Available
    Where is this medical office located?
    The property is located at 2152 Vineyard Mesa, AZ.
    What are key features of this property?
    This property features: 2,700 SF Class B office space in Mesa, AZ (85210), with suites ranging from 133 SF to 223 SF contiguous; 356 SF currently vacant.; Shared lobby and restrooms.; Covered parking with high ratios available.
    Request Owner's contact information
    2152 Vineyard Mesa, AZ 85210
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    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
    2152 Vineyard Mesa, AZ 85210
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    We can help!
    Listing Contact
    TJ Zaharis
    TJ Zaharis
    Real Estate License ID: AZ BR577140000
    Learn more
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