NNN Dental Office
For Sale
$1,053,000
B20-3336 E Chandler Heights Road, Gilbert, AZ 85298
NNN-leased dental property with a recently extended five-year lease and DSO-backed tenant support.
Property Size2,115 SF
Price / SF$497.87
Days on Market42
Property Features for B20-3336 E Chandler Heights Road
General Information
Standard status
Active
Size
2,115 SF
Taxes and HOA fees
Annual Taxes
$767
Listing Agency:
COBE Real Estate, Inc.
(480) 628-6363
Listed By:
Timothy Zaharis · License #BR577140000
(480) 628-6363
Source:
Exprealty
Added: Jul 21
Changed: Aug 31
Last Checked: Aug 31 at 12:45AM
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 COBE Real Estate, Inc.
Investment Insights
Based on property information with market context.
This NNN-leased specialty property is occupied by a dental practice and carries a recently executed five-year lease extension. The reported property size is 2,115, providing a defined physical asset for investors seeking a healthcare-oriented commercial holding. Tenant operations are supported by a Dental Support Organization, adding an established management and administrative platform to the occupancy profile.
The property is located at B20-3336 E Chandler Heights Road in Gilbert, Arizona. Its dental use, extended lease term, and NNN structure provide the core characteristics of a stabilized medical-office investment without relying on short-term occupancy assumptions.
The property is located at B20-3336 E Chandler Heights Road in Gilbert, Arizona. Its dental use, extended lease term, and NNN structure provide the core characteristics of a stabilized medical-office investment without relying on short-term occupancy assumptions.
Key Highlights
- NNN lease structure with a recently signed five‑year lease extension
- Dental tenant supported by a Dental Support Organization (DSO)
- Reported property size of 2,115
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,838
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$616,760
$616.8K
Cap Rate 7%
$440,543
$440.5K
Cap Rate 9%
$342,644
$342.6K
Market Conditions
NOI Build-Up for 2,115 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.0K $24.12/SF
− Vacancy
−$9.9K −$4.68/SF
EGI
$41.1K $19.44/SF
− OpEx
−$10.3K −$4.86/SF
NOI
$30.8K $14.58/SF
Area
Gilbert, AZ
Vacancy
19.40%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$616,760
Cap Rate 7%
$440,543
Cap Rate 9%
$342,644
Alternative Uses
Best Use
Office B
$440.5K
$385.5K – $514.0K
NOI $30,838 @ 7.0% cap · market cap 2.93%
Second Best
Healthcare Medical
$411.2K
$359.8K – $479.7K
NOI $28,781 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$555.3K
$485.9K – $647.9K
NOI $38,871 @ 7.0% cap · market cap 3.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Explore this area
Business Placement
Demographics for 85298, AZ
41,816
Population
14,308
Households
2.9
Avg Household Size
39
Median Age
51%
College-Educated
98%
High-School Grad
15.7 sq mi
ZIP Area
2,663
Density / Sq Mi
$146,688
Median Household Income
$70,943
Median Earnings
$2,525
Median Rent
$598,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - NNN-leased dental property with a recently extended five-year lease and DSO-backed tenant support.
Where is this nnn property located?
The property is located at B20-3336 E Chandler Heights Road Gilbert, AZ.
What is the asking price?
The asking price for this property is $1,053,000.
What are key features of this property?
This property features: NNN lease structure with a recently signed five‑year lease extension; Dental tenant supported by a Dental Support Organization (DSO); Reported property size of 2,115
