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    6321 Ellsworth Rd Mesa, AZ 85212
    Property profile & analytics

    6321 Ellsworth Rd Mesa, AZ 85212

    View on Map
    • Retail properties & Spaces
    • 100,000 SF
    • 280.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jeffrey M Vaughn / Pediatrician
    • Legacy State Pom / Association Or Organization
    • Arizona Athletic Grounds / Gym & Fitness Center / Sports Field & Court
    • Legacy Park / Gym & Fitness Center / Sports Field & Court
    • Phoenix Children’s Urgent Care / Medical Clinic

    Property Details for 6321 Ellsworth Rd

    Year built
    2022
    Lot size
    280.00 lot acres
    Property size
    100,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Medical space

    Description

    This exceptional 3,915 square foot medical office space is situated within the Arizona Athletic Grounds in Mesa, Arizona. Built in 2022, this single-tenant retail property boasts a prime location at 6321 S Ellsworth Rd, 85212, within the Phoenix submarket and Mesa submarket cluster. The property features a complete medical build-out, including a nurse's station, seven exam rooms, a supply/medication room, an imaging room, a treatment room, a casting room, private offices, an open office area, and two waiting rooms. The building itself is a two-story structure totaling 100,000 square feet, situated on a substantial 280-acre lot. An additional 1,980 square feet of space is available for lease on the second floor, presenting a unique expansion opportunity. The property benefits from the high traffic volume of the Arizona Athletic Grounds, which attracts over 2.6 million visitors annually, with over 100,000 visitors during peak weekends. The property is zoned I-2 and has an APN of 313-25-859S. This presents a rare opportunity to acquire a well-appointed medical facility in a high-demand location with significant foot traffic and growth potential. The property's modern construction and comprehensive medical build-out make it an ideal investment for healthcare providers seeking a turnkey solution in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.626
    Latitude
    33.3003

    Comparable in this City

    • Value Estimation
      $675,000
      4,227 SF

      2919 Ellsworth Rd Ste, Unit 118

      MEDICAL BUILDING • 4,227 SF
      2919 Ellsworth Rd Ste, Mesa, AZ 85212-2166
      View Details
    • Value Estimation
      $610,000
      4,310 SF

      3035 Ellsworth Rd Ste, Unit 109

      MEDICAL BUILDING • 4,310 SF
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    • Value Estimation
      $1,145,000
      4,134 SF

      2919 Ellsworth Rd Ste, Unit 124

      MEDICAL BUILDING • 4,134 SF
      2919 Ellsworth Rd Ste, Mesa, AZ 85212-2167
      View Details
    • Value Estimation
      $610,000
      4,310 SF

      3035 Ellsworth Rd Ste, Unit 137

      MEDICAL BUILDING • 4,310 SF
      3035 Ellsworth Rd Ste, Mesa, AZ 85212-2162
      View Details
    • Value Estimation
      $810,000
      5,068 SF

      2919 Ellsworth Rd Ste, Unit 106

      MEDICAL BUILDING • 5,068 SF
      2919 Ellsworth Rd Ste, Mesa, AZ 85212-2165
      View Details
    • Value Estimation
      $610,000
      4,310 SF

      3035 Ellsworth Rd Ste, Unit 110

      MEDICAL BUILDING • 4,310 SF
      3035 Ellsworth Rd Ste, Mesa, AZ 85212-2136
      View Details

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    Mesa, AZ 85212
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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
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    6321 Ellsworth Rd, Mesa, AZ, 85212
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