6641 Baywood AveMesa, AZ 85206

  • Healthcare properties
  • 5,616 SF
For Sale
$410,000 View listing

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
Healthcare properties
Property subtype
Medical offices
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
6641 Baywood Ave, Mesa, Arizona

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

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
$2,644
-
-
$45,821
-
$55,500
$222,200
$277,700

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