First-Floor Office
For Sale
Contact for pricing
101 E 1ST Avenue 103, Mesa, AZ 85210
Professional workspace with private offices, conference facilities, natural light, and access to a gated courtyard.
Property Size8,090 SF
Price / SF$0.07
Days on Market57
Property Features for 101 E 1ST Avenue 103
General Information
Standard status
Active
Size
8,090 SF
Property subtype
Comm/Industry Lease
Additional Details
Floor
First Floor
Amenities
gated courtyard
common area restrooms
Building Details
Construction
brick
Tenancy
Multi
Listing Agency:
LRA Real Estate Group, LLC
(480) 526-5644
Listed By:
Don T Mortensen · License #BR529840000
(602) 451-3684
Source:
Virginiagee
Added: Sep 5
Changed: Oct 28
Last Checked: Oct 30 at 2:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LRA Real Estate Group, LLC
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Investment Insights
Based on property information with market context.
This 8,090-square-foot office suite occupies the first floor of a classic red brick building at 101 E 1ST Avenue, 103. The layout includes a reception area, multiple private offices, a conference room, break room, and bullpen space. Floor-to-ceiling windows bring natural light throughout the offices, while common area restrooms and a gated courtyard add shared building amenities.
The property is positioned in Downtown Mesa across from the Mesa Arts Center, Benedictine University, and the new ASU Digital Film School. Nearby dining options include Bread & Honey House, Mangos, 12 West Brewing, Hope's Frybread, Paco's Tacos, Tacos Chiwas, and Worth Takeaway. Neighboring occupants include a law office, architectural practices, school administration, and Molly's Photography.
The property is positioned in Downtown Mesa across from the Mesa Arts Center, Benedictine University, and the new ASU Digital Film School. Nearby dining options include Bread & Honey House, Mangos, 12 West Brewing, Hope's Frybread, Paco's Tacos, Tacos Chiwas, and Worth Takeaway. Neighboring occupants include a law office, architectural practices, school administration, and Molly's Photography.
Key Highlights
- 8,090‑square‑foot first‑floor office suite
- Reception area, private offices, conference room, break room, and bullpen
- Floor‑to‑ceiling windows provide abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,623
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,772,460
$2.8M
Cap Rate 7%
$1,980,329
$2.0M
Cap Rate 9%
$1,540,256
$1.5M
Market Conditions
NOI Build-Up for 8,090 SF
Gross rent
$234.0K $28.92/SF
− Vacancy
−$49.1K −$6.07/SF
EGI
$184.8K $22.85/SF
− OpEx
−$46.2K −$5.71/SF
NOI
$138.6K $17.14/SF
Area
Mesa, AZ
Vacancy
21.00%
Lease Rate
$28.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,772,460
Cap Rate 7%
$1,980,329
Cap Rate 9%
$1,540,256
Alternative Uses
Best Use
Office B
$1.98M
$1.73M – $2.31M
NOI $138,623 @ 7.0% cap · market cap 23,297.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,227 @ 7.0% cap · market cap 26,088.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,884
Businesses Nearby
Explore this area
Business Placement
Demographics for 85210, AZ
40,351
Population
16,292
Households
2.5
Avg Household Size
32
Median Age
25%
College-Educated
84%
High-School Grad
6.7 sq mi
ZIP Area
6,023
Density / Sq Mi
$59,680
Median Household Income
$38,479
Median Earnings
$1,383
Median Rent
$301,600
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Professional workspace with private offices, conference facilities, natural light, and access to a gated courtyard.
Where is this office unit located?
The property is located at 101 E 1ST Avenue 103 Mesa, AZ.
What are key features of this property?
This property features: 8,090‑square‑foot first‑floor office suite; Reception area, private offices, conference room, break room, and bullpen; Floor‑to‑ceiling windows provide abundant natural light
