560 Brown RdMesa, AZ 85201

Property Details for 560 Brown Rd

Year built

1982

Construction

CONCRETE

Lot size

5.23 AC

Property size (Sq ft)

65,839 SF

Zone code

RM-4

Property type

Office properties

Property subtype

Office buildings

APN

135-15-006U

APU

13515006U

Description

This exceptional four-story medical office building, located at 560 W Brown Rd in Mesa, Arizona, offers a unique opportunity for medical professionals seeking flexible and modern workspace. Built in 1981 and extensively renovated in 2023, the property boasts a total of 68,187 square feet, situated on a generous 5-acre lot. The building features two elevators for convenient access to all four floors. Multiple tenancy options are available, with spaces ranging from a minimum of 1,021 square feet to a maximum contiguous space of 8,415 square feet. Currently, there is 40,991 square feet of vacant space ready for immediate occupancy. The property is zoned RM-4 and has a Maricopa County APN of 135-15-0064. Ample parking is provided, with a ratio of 4.6 spaces per 1,000 square feet. This prime location in Mesa, AZ (zip code 85201) offers excellent visibility and accessibility for patients and staff. The recent renovations ensure a modern and efficient work environment, making this an ideal location for a variety of medical practices. Don't miss this chance to secure your ideal medical office space in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $20,871,750

  6.5%

  $19,266,232

  7%

  $17,890,072

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,851,962

  Geo Method

  $14,851,962

• Alternative Use

  Use

  Valuation

  Residential

  $23,890,126

  Hospitality

  $21,883,228

  Educational

  $18,206,588

  Medical

  $18,832,740

  Retail

  $28,321,360

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.4359

Longitude

-111.843

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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