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    Property profile & analytics

    1255 W Baseline Rd, Unit Mesa Mesa, AZ 85202

    • Office buildings
    • 20,532 SF
    • 4.53 lot acres
    For Lease
    View listing
    $17 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1581995
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • AmeriFirst Financial, Inc / Loan Service / Bank
    • Rassiwala Farida Z MD / Physician
    • Dr. Mark T. Callesen, MD / Physician
    • Banner Physical Therapy - Mesa - Baseline / Physician
    • Southwest Behavioral & Health Services Mesa Outpatient / Medical Clinic

    Property Details for 1255 W Baseline Rd

    Year built
    1982
    Construction
    CONCRETE
    Lot size
    4.53 lot acres
    Property size
    20,532 SF
    Zone code
    LC
    Property type
    Office buildings
    APN
    305-07-948
    APU
    30507948

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,853,000
      Market price range: $1.78M - $5.85M
      AI Estimate
      $5,851,000
      Market price range: $1.71M - $5.85M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,535,000
      Current use
      AUTO REPAIR, GARAGE
      $9,045,000
      Change: +156% Conversion: Difficult
      RETAIL STORES
      $5,380,000
      Change: +52% Conversion: Moderate
      MEDICAL BUILDING
      $5,380,000
      Change: +52% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.861
    Latitude
    33.3775
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $93,986
    $0.00
    $0.00
    $1,437,035
    -
    $2,553,800
    $6,155,500
    $8,709,300

    Comparable in this City

    • Value Estimation
      $535,000
      1,883 SF

      825 Dobson Rd

      OFFICE BUILDING • 1,883 SF
      825 Dobson Rd, Mesa, AZ 85202-2901
      View Details
    • Value Estimation
      $595,000
      2,087 SF

      219 Mulberry

      OFFICE BUILDING • 2,087 SF
      219 Mulberry, Mesa, AZ 85202-1123
      View Details
    • Value Estimation by Request
      1,493 SF

      701 Dobson Rd

      OFFICE BUILDING • 1,493 SF
      701 Dobson Rd, Mesa, AZ 85202-2703
      View Details
    • Value Estimation
      $760,000
      8,948 SF

      2058 Dobson Rd Ste, Unit 18

      OFFICE BUILDING • 8,948 SF
      2058 Dobson Rd Ste, Mesa, AZ 85202-6456
      View Details
    • Value Estimation
      $3,975,000
      20,517 SF

      1845 Dobson Rd

      OFFICE BUILDING • 20,517 SF
      1845 Dobson Rd, Mesa, AZ 85202-5661
      View Details
    • Value Estimation by Request
      455 SF

      1365 Broadway Rd

      OFFICE BUILDING • 455 SF
      1365 Broadway Rd, Mesa, AZ 85202-1111
      View Details

    Similar Nearby for Sale

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      Mesa Retail Property For Sale

      Retail property for sale with high traffic volume and income.
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      Mesa Property Ready For Occupancy

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      Broadway Road Frontage Land

      Prime commercial land for sale in Mesa's industrial hub.
      1701 W Broadway Rd, Mesa, AZ 85202
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      4,000 SF

      Freestanding Retail Building in Mesa

      Retail building for sale, lease, or ground lease in Mesa.
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      View Details
    • Contact for pricing
      4,193 SF

      Freestanding Drive-Thru Building in Mesa

      4,193 SF drive-thru available for lease, ground lease, or sale.
      1440 West Southern Ave, Mesa, AZ 85202
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      15,233 SF

      Lakeside Office Plaza: Mesa, AZ

      Prime East Valley Executive Suites
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      7,369 SF

      Medical Center in Dobson Ranch

      Medical center for lease in a high-traffic, lakefront location.
      2150 S Dobson Rd, Mesa, AZ 85202
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    • $16 SF/Yr
      17,402 SF

      Professional Office Space For Lease

      Office space available near Fiesta Mall redevelopment and US-60.
      1303 S Longmore Rd, Mesa, AZ 85202
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    • $19 SF/Yr
      7,777 SF

      Mesa Executive Suites: Prime Location

      Modern offices, convenient amenities, ideal location.
      2651 Guadalupe Rd, Mesa, AZ 85202
      View Details
    • Contact for pricing
      1,201 SF

      Dobson Ranch Lakefront Office Space

      Office space in a high-traffic, lakefront planned community.
      2150 S Dobson Rd, Mesa, AZ 85202
      View Details
    • $16 SF/Yr
      15,233 SF

      Lakefront Office Space Available

      Lakefront office space available for lease.
      1819 S Dobson Rd, Mesa, AZ 85202
      View Details
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    1255 W Baseline Rd, Unit Mesa
    Mesa, AZ 85202
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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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