Property profile

215 Power Rd Mesa, AZ 85205

OFF-MARKET
Specialty properties
Property ID
US07-3035479
16,217 SF 90.04 ac lot Built 1995
Entity Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 43,268 square foot medical office center, located at 215 S Power Rd in Mesa, Arizona (zip code 85206), presents a unique investment opportunity. Built in 1987 and situated on a 76,676 square foot lot, the property is zoned C-2 and features multiple tenancies. Currently, there is 13,253 square feet of vacant space available, divisible into units as small as 925 square feet, with a maximum contiguous space of 6,594 square feet. The property's versatile design caters to a variety of medical and office users. Its convenient location offers easy access to major transportation routes, nearby hospitals, and a wealth of retail and restaurant options, ensuring high visibility and accessibility for tenants. The property's owner is offering a substantial tenant improvement package to facilitate a seamless transition for new occupants. The property's APN is 218-21-011 and is located in Maricopa County. This is an excellent opportunity to acquire a well-located, versatile medical office building with significant potential for growth and return on investment. The property is ideally suited for multiple types of office users, offering a range of space options to accommodate various business needs. The generous tenant improvement allowance further enhances the attractiveness of this property for prospective tenants.

Property profile

Verified
Property type Specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Year built 1995
Construction STEEL FRAME
Total area 16,217 SF
Lot 90.04 ac (3,921,947 SF)
Zoning code RM-4
APN 218-13-006N
UPID US07-3035479

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
  • Physician Medical Clinic
  • Physician
  • Medical Clinic
  • Counselor Care Services
  • Medical Clinic

Location

215 Power Rd Mesa, AZ 85205-8400
Mesa metro Census 420113 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$53.83M
Blend (final) Blend
$850k

Owner & transaction history

since 2012
4 recorded transactions
2012
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

RM-4 · Mesa, AZ
Zoning description

o other sections of the Zoning Ordinance, while individual letters refer to subsections that directly follow the table. Table 11-5-5: Development Standards - RM Residential Multiple Dwelling Districts Standard RM-2 RM-3…

General category MIXED_USE

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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