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Property profile

535 E Mckellips Rd Mesa, AZ 85203

Office Spaces
Property ID
US07-2129660
View Sample
2.52 ac lot
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 3,504-square-foot executive office space is available for lease in Maricopa County, located at 535 E McKellips Rd. The property offers a single-tenant occupancy, providing complete privacy and control over the entire space. The building's total square footage mirrors the available vacant space, meaning the entire building is ready for immediate occupancy. The lot size is also 3,504 square feet, providing ample space for parking or potential future expansion. This property is ideally suited for a business seeking a self-contained, efficient, and conveniently located office environment. The property type is classified as an office building, specifically an executive office suite, suggesting a high level of finish and amenities. The single-tenant occupancy eliminates the complexities of shared spaces and common area management, allowing for streamlined operations and a focused work environment. This presents a unique opportunity for a company seeking a turnkey solution for its office needs in a desirable Maricopa County location. The property's size makes it suitable for a variety of businesses, from small professional firms to larger organizations requiring a dedicated and private workspace. Interested parties are encouraged to inquire for further details and scheduling a viewing.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Lot 2.52 ac (109,982 SF)
Zoning code LC
APN 136-24-401
UPID US07-2129660

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
  • (Bike/Boat/Book/etc) Store Pharmacy
  • Physician
  • Landscaping (Bike/Boat/Book/etc) Store
  • Home Health Care Service
  • Medical Clinic

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

since 2023
7 recorded transactions
2024
Price N/A
2023
$3.1M
2023
Price N/A
2022
$685,000
2022
$1.1M
2019
$3.4M
2019
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

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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