This exceptional ±3,400 square foot freestanding medical office building is available for lease in Mesa, Arizona. Situated on approximately 0.44 acres, the property boasts high visibility with 125 feet of frontage along the heavily trafficked Gilbert Road. Currently configured as an urgent care facility, the building offers a turnkey solution for a variety of medical practices. The location benefits from its proximity to major retailers including Target, JoAnn Fabrics, Big 5 Sporting Goods, and Harbor Freight, ensuring high foot traffic and brand recognition. The property is conveniently located less than half a mile north of US Highway 60, providing easy access for patients and staff. Furthermore, the surrounding area is densely populated, with Mesa High School, boasting approximately 3,475 students, located just around the corner. This prime location offers significant potential for growth and success. The property is available for lease beginning September 2025. The current tenant is a DND operating tenant. The property type is listed as Retail and Office, with a subtype of Medical Office and Storefront. The tenancy is single. The property is located in Maricopa County, Arizona, within the Mesa submarket, and has a zip code of 85204.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,293,410
6.5%
$1,193,920
7%
$1,108,640
Comparable approach
Method
Valuation
Relative Method
$812,088
Geo Method
$812,088
Alternative Use
Use
Valuation
Industrial / Distribution
$2,347,550
Retail / Commercial
$1,204,400
Mixed-Use / Specialty
$1,200,570
Hospitality / Lodging
$881,420
Institutional / Educational
$1,248,270
Residential Income
$1,460,480
Multifamily
$1,749,050
Automotive / Energy
$1,069,950
Parking / Income-Based Land
$368,768
Restaurant / Food Service
$625,411
Healthcare / Senior Housing
$1,230,680
Location Insight
City
Mesa
County
Maricopa
State
Arizona
Latitude
33.3948
Longitude
-111.789
CBSA code
38060
CBSA name
PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Gilbert Rd Mesa, AZ 85204
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Gilbert Rd Mesa, AZ 85204
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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