1818 E Baseline Rd Mesa, AZ 85204
Woodbridge Crossing NeighborhoodEstimated payment $14,612/month
Highlights
- 1.25 Acre Lot
- Central Air
- Heating Available
- Wood Flooring
About This Home
Great income producing property with a CAP Rate of 6.39% and a potential of 7.5% once the basement office is leased. The basement office lends for affordability, privacy, and a unique work environment of 1,900 sq.ft. available at $14/sq.ft Excellent location, just west of Gilbert Road, near the US-60 freeway, making it easily accessible. It is ideal for a medical practice or other professional services due to its established use and proximity to the Mesa and Gilbert communities. The learning center Tenant has 3 years left of a 5-year lease and the Dermatology Tenant has 2 years left of a 5-year lease. Working on leasing out the basement office. Pediatric Office 2,400 sq.ft., Pinnacle Dermatology Office 4,800 sq.ft. See Rent Roll in Photos Tab. SELLER WILL CARRY $1,000,000 if needed.
Property Details
Property Type
- Other
Est. Annual Taxes
- $19,425
Year Built
- Built in 1996
Lot Details
- 1.25 Acre Lot
- Block Wall Fence
- Property is zoned C-N, C-1
Home Design
- 9,101 Sq Ft Home
- Wood Frame Construction
- Foam Roof
- Metal Siding
Flooring
- Wood
- Carpet
- Concrete
- Ceramic Tile
- Vinyl
Parking
- 31 Open Parking Spaces
- 34 Parking Spaces
- 3 Covered Spaces
- Paved Parking
Utilities
- Central Air
- Heating Available
Listing and Financial Details
- Assessor Parcel Number 139-09-003-A
Community Details
Overview
- 2 Buildings
Building Details
- Operating Expense $19,425
- Net Operating Income $150,384
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $18,743 | $210,642 | -- | -- |
| 2024 | $19,425 | $206,881 | -- | -- |
| 2023 | $19,425 | $324,479 | $114,971 | $209,508 |
| 2022 | $19,547 | $262,325 | $68,845 | $193,480 |
| 2021 | $21,230 | $269,406 | $70,812 | $198,594 |
| 2020 | $20,879 | $249,390 | $70,002 | $179,388 |
| 2019 | $19,527 | $218,790 | $65,178 | $153,612 |
| 2018 | $18,703 | $213,498 | $61,812 | $151,686 |
| 2017 | $18,148 | $244,692 | $57,222 | $187,470 |
| 2016 | $18,642 | $206,712 | $51,102 | $155,610 |
| 2015 | $17,566 | $184,057 | $36,334 | $147,723 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/10/2024 10/10/24 | For Rent | $2,217 | 0.0% | -- |
| 10/09/2024 10/09/24 | For Sale | $2,352,746 | -- | $259 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $2,250,000 | Premier Title | |
| Special Warranty Deed | $1,750,000 | Lawyers Title Insurance Corp | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | -- | -- | |
| Interfamily Deed Transfer | -- | Grand Canyon Title Agency In |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,062,500 | New Conventional | |
| Previous Owner | $897,000 | Commercial | |
| Previous Owner | $871,166 | Construction | |
| Previous Owner | $1,088,958 | Commercial | |
| Previous Owner | $150,000 | Commercial | |
| Previous Owner | $150,000 | Commercial | |
| Previous Owner | $110,000 | No Value Available |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6768391
APN: 139-09-003A
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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