Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1818 Baseline Rd Mesa, AZ 85204

    • Medical Office Space
    • 2,500 SF
    • 1.25 lot acres
    For Sale
    View listing
    $2,352,746
    Last Sale
    Jan 18, 2022
    $2,250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0946081
    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

    • 7 Garden Dumpling & Noodle House / Restaurant
    • The Learning Center by Theracare / Training Center / Tutoring Service
    • Dr. Brent Sloten / Physician / Medical Clinic
    • Brent Drew Sloten / Physician / Medical Clinic
    • ALISON M PETERSON / Physician

    Property Details for 1818 Baseline Rd

    Year built
    1996
    Construction
    STEEL FRAME
    Lot size
    1.25 lot acres
    Property size
    2,500 SF
    Zone code
    NC
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    139-09-003A
    APU
    13909003A

    Description

    This exceptional Mesa, Arizona property, located at 1818 E Baseline Rd, presents a unique investment opportunity. The property consists of two single-story buildings totaling 9,101 square feet, situated on a generous 54,355 square foot lot. Currently, 1,900 square feet of space is available for lease. The building, constructed in 1996, offers a blend of creative office and warehouse space, ideal for a variety of businesses. The available space features ceiling heights ranging from 10.1 to 12 feet, providing ample vertical space. The property's zoning is C-N, C-1, allowing for diverse commercial uses. The convenient location, just west of Gilbert Road and near the US-60 freeway, ensures excellent accessibility. Ample parking is provided with 34 spaces available. The property's APN is 139-09-003-A, and it's situated in Maricopa County, Arizona, zip code 85204. This versatile property offers a combination of office and warehouse space, making it suitable for a range of commercial enterprises. The available space is located in the basement, offering privacy and affordability. This is a rare opportunity to acquire a well-located, multi-use property in a thriving area of Mesa.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.793
    Latitude
    33.38
    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
    $19,425
    $0.00
    $0.00
    $366,333
    -
    $798,100
    $1,422,098
    $2,220,198

    Comparable in this City

    • Value Estimation
      $6,805,000
      28,607 SF

      1111 Stapley Dr

      MEDICAL BUILDING • 28,607 SF
      1111 Stapley Dr, Mesa, AZ 85204-5059
      View Details
    • Value Estimation
      $1,790,000
      6,310 SF

      2345 Southern Ave, Unit 101

      MEDICAL BUILDING • 6,310 SF
      2345 Southern Ave, Mesa, AZ 85204-5419
      View Details
    • Value Estimation
      $5,830,000
      15,044 SF

      1055 Stapley Dr, Unit 1

      MEDICAL BUILDING • 15,044 SF
      1055 Stapley Dr, Mesa, AZ 85204-5013
      View Details
    • Value Estimation
      $1,070,000
      6,700 SF

      1056 Val Vis Dr, Unit 101

      MEDICAL BUILDING • 6,700 SF
      1056 Val Vis Dr, Mesa, AZ 85204-5667
      View Details
    • Value Estimation
      $1,310,000
      6,700 SF

      1056 Val Vis Dr, Unit 102

      MEDICAL BUILDING • 6,700 SF
      1056 Val Vis Dr, Mesa, AZ 85204-5667
      View Details
    • Value Estimation by Request
      1,512 SF

      67 Stapley Dr

      MEDICAL BUILDING • 1,512 SF
      67 Stapley Dr, Mesa, AZ 85204-1101
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,600 SF

      Freestanding Retail/Medical Building Available

      Freestanding 3,600 SF retail/medical building with high visibility.
      1120 S Gilbert Rd, Mesa, AZ 85204
      View Details
    • $2,352,746
      9,101 SF

      Mesa Industrial Investment Opportunity

      High-yield multi-tenant office/warehouse
      1818 Baseline Rd, Mesa, AZ 85204
      View Details
    • $2,454,000

      Baseline Road NNN Investment Opportunity

      Single tenant NNN lease property for sale on Baseline Road.
      2336 E Baseline Rd, Mesa, AZ 85204
      View Details
    • Contact for pricing
      3,047 SF

      Freestanding Drive-Thru Restaurant Opportunity

      Freestanding drive-thru restaurant on a 0.80 acre lot.
      2033 E Southern Ave, Mesa, AZ 85204
      View Details
    • Contact for pricing
      6,749 SF

      Mesa Retail Property For Sale

      Retail property in Mesa, Arizona, with high traffic volume.
      431 W Southern Ave, Mesa, AZ 85204
      View Details

    Similar Nearby for Lease

    • $38 SF/Yr
      181,899 SF

      Mesa Medical Office Space for Lease

      Class A Medical Office Suites Available
      1840-1910 Stapley Dr, Mesa, AZ 85204
      View Details
    • Contact for pricing
      8,661 SF

      Class A Medical Center Space

      Medical office space available for lease in Mesa, Arizona.
      1840 S Stapley Dr, Mesa, AZ 85204
      View Details
    • Contact for pricing
      812 SF

      Move-in Ready Office Suites Available

      Accessible office suites near amenities and transportation.
      931 E Southern Ave, Mesa, AZ 85204
      View Details
    • $15 SF/Yr
      605 SF

      Stapley Executive Center Office Suite

      Modern 3-Room Office Suite, US 60 Access
      1136 Harmony Ave, Mesa, AZ 85204
      View Details
    • Sponsored
      Contact for pricing

      Stapley Corporate Center

      Discover many ways to work your way in Corporate Commons
      1910 Stapley Dr, Mesa, AZ 85204
      View Details
    • $10,500 /Mo
      2,393 SF

      Mesa Office Space with Yard

      Office space with a large gated yard for rent.
      860-864 W Southern Ave, Mesa, AZ 85204
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1818 Baseline Rd
    Mesa, AZ 85204
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!