6641 Baywood AveMesa, AZ 85206

Property Details for 6641 Baywood Ave

Year built

1985

Construction

CONCRETE

Lot size

0.03 AC

Property size (Sq ft)

5,616 SF

Zone code

LC

Property type

Medical offices

Property subtype

Medical centers

APN

141-57-074

APU

14157074

Description

This 1,507 square foot Class B medical or professional office condo in Mesa, Arizona, is available for $410,000 ($272/sq ft). Located at 6641 E Baywood Ave, 85206, this vacant unit is perfect for owner-users or value-add investors. Built in 1985, the single-story building features one exam room or private office, one ADA-compliant restroom, an open area, and a storage closet. The property includes eight unreserved parking stalls (5 per 1,000 sq ft). Annual expenses include property taxes of $2,645, association dues of $2,950, and insurance of $1,875 (all figures reflect 2023 costs). The convenient location is within walking distance of Banner Baywood, offering excellent visibility and accessibility. This is a single-unit condominium in a one-building complex, with the APN number 141-57-074. The property presents a unique opportunity to acquire a well-situated medical or professional office space in a thriving area. The property is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,780,339

  6.5%

  $1,643,390

  7%

  $1,526,005

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,266,857

  Geo Method

  $1,266,857

• Alternative Use

  Use

  Valuation

  Residential

  $2,037,804

  Hospitality

  $1,866,617

  Educational

  $1,553,004

  Medical

  $1,606,414

  Retail

  $2,415,783

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.4102

Longitude

-111.689

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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