Property profile

1520 S Dobson Rd Mesa, AZ 85202

FOR LEASE
Medical Office Space
Property ID
US07-1283719
48,022 SF 2.16 ac lot Built 1986
Individually Owned 26-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A medical office building, located at 1520 S Dobson Rd in Mesa, Arizona's Superstition Corridor submarket, offers 148,698 square feet of prime space. Built in 1986 and extensively renovated in 2023, the three-story building boasts 13 available suites ranging from 1,343 to 14,784 contiguous square feet, with a total of 51,404 square feet currently vacant. The property sits on 2.17 acres of land and features ample parking with 350 spaces and convenient elevator access. The building is zoned NC (Neighborhood Commercial) and its Maricopa County location provides easy access to major transportation routes. Ideal for medical practices of all sizes, this property offers a modern, efficient, and well-maintained environment. The property's APN is 134-43-016B and its zip code is 85202. This is a rare opportunity to secure high-quality medical office space in a thriving Arizona market. The building's recent renovation ensures modern amenities and systems are in place. Contact us today to learn more about leasing opportunities and explore the possibilities for your practice.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1986
Construction CONCRETE
Total area 48,022 SF
Lot 2.16 ac (94,307 SF)
Zoning code NC
APN 134-43-016B
UPID US07-1283719

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Medical Clinic
  • Employment Agency
  • Physician
  • Physician

Location

1520 S Dobson Rd Mesa, AZ 85202
Mesa metro Census 422226 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$18.60M
Blend (final) Blend
$18.61M

Owner & transaction history

since 1999
2 recorded transactions
1999
$10.0M
1996
$8.9M

Zoning & alternative use

NC · Mesa, AZ
Zoning description

Neighborhood Commercial (NC). To provide areas for locally oriented retail and service uses that serve the surrounding residential trade area within a 1⁄2 to two (2) mile radius. Typical uses include, but are not limited…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $30.8M +145.0%
Restaurant $30.7M +144.4%
Auto repair, garage $21.2M +68.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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