$1,499,999
PENDING $51K PRICE DROP

Estimated payment $8,634/month

Total Views 2,866
-- Bed
-- Bath
7,212 Sq Ft
$208 Price per Sq Ft

Highlights

  • 0.67 Acre Lot
  • Community Kitchen
  • Ceramic Tile Flooring
  • Franklin at Brimhall Elementary School Rated A
  • Computer Room
  • Central Air

About This Home

This is an exceptional opportunity to acquire a 7,212 SF freestanding professional office and/or medical building on 0.65 acres in the highly desirable Mesa market. The property is zoned OC (Office Commercial). The building features a flexible layout, currently configured as Two Suites (with separate entrances) connected by a shared hallway. Inside, you'll find 15 Built Private Offices with the option to add more, Multiple Bullpen/Gathering Areas, a Designated Conference Room, six (6) Total Restrooms, and a Large Break Room/Kitchen. Exterior amenities include an Outdoor Patio Area, 30 Parking Spaces (8 covered), and highly visible Monument Signage on Gilbert Road. For an investor, the property is being offered at an 8.65% Cap Rate at the current offering price. Owner/User is available

Listing Agent

Alex Affas, CCIM

AFFIRE, LLC License #BR670396000 Listed on: 02/26/2025

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $8,738

Year Built

  • Built in 1985

Lot Details

  • 0.67 Acre Lot
  • Block Wall Fence
  • Property is zoned OC

Home Design

  • Foam Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 7,212 Sq Ft Home
  • Computer Room
  • Ceramic Tile Flooring

Parking

  • 22 Open Parking Spaces
  • 30 Parking Spaces
  • 8 Covered Spaces
  • Private Parking
  • Paved Parking

Utilities

  • Central Air
  • Multiple Heating Units
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 56
  • Assessor Parcel Number 140-09-409

Community Details

Amenities

  • Community Kitchen
  • Meeting Room
  • Showroom
  • Reception Area

Additional Features

  • Tierra Verde Estates Subdivision
  • Operating Expense $8,738

Property Details

Property Type

Other

Est. Annual Taxes

$8,738

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Gilbert Rd & University
  • Legal Info Range: 6E
  • Property Type: Comm/Industry Sale
  • Zoning: OC
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2024
  • Lot Size Acres: 0.67
  • Subdivision Name: TIERRA VERDE ESTATES
  • Structure Type: Commercial, Office
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 7212.0

Exterior Features

  • Fencing: Block
  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: Foam
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: Paved, Private
  • Attached Garage: No
  • Open Parking Spaces: 22.0
  • Total Parking Spaces: 30.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Uncvrd Parking Spcs: 22.0
  • General Property Description:Total Parking Spcs: 30.0
  • Parking Features Paved Parking: Yes
  • Parking Features Private Parking: Yes

Utilities

  • Electric: Over 220 Amp, SRP
  • Cooling: Central Air
  • Heating: Heat Pump, 2 or More Units, Electric
  • Green Building Features: Conference Room, Reception Room, Showroom, Kitchen, Computer Room, Showers - Office
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Lot Info

  • Lot Size Sq Ft: 28974.0
  • Parcel #: 140-09-409

Multi Family

  • Annual Operating Expense: 8738.0

Tax Info

  • Tax Annual Amount: 8738.0
  • Tax Book Number: 140.00
  • Tax Lot: 56
  • Tax Map Number: 9.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $7,244 $73,424 -- --
2024 $7,720 $72,113 -- --
2023 $7,720 $102,391 $14,450 $87,941
2022 $7,783 $108,815 $14,560 $94,255
2021 $8,103 $95,238 $14,976 $80,262
2020 $7,997 $94,032 $11,196 $82,836
2019 $7,472 $63,522 $10,098 $53,424
2018 $7,171 $64,782 $10,062 $54,720
2017 $6,958 $55,908 $9,324 $46,584
2016 $7,613 $59,364 $8,316 $51,048
2015 $7,823 $64,917 $6,475 $58,442
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/11/2025 11/11/25 Pending -- -- --
08/21/2025 08/21/25 Price Changed $1,499,999 -3.3% $208 / Sq Ft
02/26/2025 02/26/25 For Sale $1,550,580 +72.3% $215 / Sq Ft
05/25/2021 05/25/21 Sold $900,000 -9.9% $125 / Sq Ft View Prior Sale
04/22/2021 04/22/21 Pending -- -- --
04/09/2021 04/09/21 For Sale $999,000 -- $138 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $880,000 Pioneer Title Agency Inc
Interfamily Deed Transfer -- Dhi Title Agency
Quit Claim Deed -- --
Warranty Deed $780,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $660,000 Credit Line Revolving
Previous Owner $620,000 Commercial
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6826860

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-09-409