Property profile

2204 South Dobson Rd Mesa, AZ 85202

FOR LEASE
Medical Office Space
Property ID
US07-0086996
4,710 SF 1.28 ac lot Built 1985
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional two-story, 16,560 square foot medical office building in Mesa, Arizona, presents a unique leasing opportunity. Situated at 2204 S Dobson Rd, in the desirable Dobson Ranch neighborhood, this Class B property enjoys high visibility on Dobson Road, with over 32,382 vehicles passing daily. Built in 1984 and renovated in 2003, the building offers a contemporary environment for medical practices. The property features 104 parking spaces and sits on 1.22 acres of land, zoned C-2, Mesa. Currently, there is 4,660 square feet of vacant space available, with contiguous spaces ranging from 3,046 to 7,786 square feet. The building's location offers convenient access to Banner Desert Medical Center, US 60, and Loop 101, ensuring easy access for both patients and staff. This multi-tenant building provides a well-maintained and updated space ideal for various healthcare services. The property's location within the affluent Dobson Ranch neighborhood guarantees a strong patient base. Maricopa County APN: 305-10-136.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1985
Construction CONCRETE
Total area 4,710 SF
Lot 1.28 ac (55,888 SF)
Zoning code LC
APN 305-10-136
UPID US07-0086996

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
  • Hospital
  • Dental Office
  • Medical Clinic
  • Medical Clinic

Location

2204 South Dobson Rd Mesa, AZ 85202
Mesa metro Census 422212 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
$1.82M
Blend (final) Blend
$2.94M

Owner & transaction history

since 2018
6 recorded transactions
2018
$3.0M
2013
$825,000
2013
$1.4M
2005
$3.9M
1988
$3.2M
1969
Price N/A

Zoning & alternative use

LC · Mesa, AZ
Zoning description

Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $3.0M +145.0%
Auto repair, garage $2.1M +68.2%
Retail stores $1.2M +0.1%

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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