Updated Executive Office
For Sale
Contact for pricing
1010 E UNIVERSITY Drive, Mesa, AZ 85203
Three available office suites include shared access to a large conference room and high-speed internet.
Property Size2,602 SF
Price / SF$0.15
Days on Market99
Property Features for 1010 E UNIVERSITY Drive
General Information
Standard status
Active
Size
2,602 SF
Property subtype
Comm/industry Lease
Amenities
high speed internet
large conference room
Building Details
Tenancy
Multi
Listing Agency:
DenMar Realty
(480) 507-7905
Listed By:
J.J. Martinez · License #BR506573000
(602) 330-6749
Source:
Thegouldgroupaz
Added: Jul 25
Changed: Oct 25
Last Checked: Oct 30 at 2:46PM
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 DenMar Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property offers three executive suites within updated professional office space totaling 2,602 square feet. The configuration includes a large conference room and high-speed internet, providing shared features for occupants. A dentist office operates in a separate building, while the subject property also includes a real estate office.
Located at 1010 E University Drive in Mesa, Arizona, the property presents a professional office setting with multiple suite options and shared meeting space.
Located at 1010 E University Drive in Mesa, Arizona, the property presents a professional office setting with multiple suite options and shared meeting space.
Key Highlights
- Three executive suites are available within 2,602 square feet of office space
- Updated professional offices with a large conference room
- High‑speed internet included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,586
Suggested Prices Based on Cap Rates
Cap Rate 5%
$891,720
$891.7K
Cap Rate 7%
$636,943
$636.9K
Cap Rate 9%
$495,400
$495.4K
Market Conditions
NOI Build-Up for 2,602 SF
Gross rent
$75.2K $28.92/SF
− Vacancy
−$15.8K −$6.07/SF
EGI
$59.4K $22.85/SF
− OpEx
−$14.9K −$5.71/SF
NOI
$44.6K $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%
$891,720
Cap Rate 7%
$636,943
Cap Rate 9%
$495,400
Alternative Uses
Best Use
Office B
$636.9K
$557.3K – $743.1K
NOI $44,586 @ 7.0% cap · market cap 11,287.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$713.2K
$624.1K – $832.1K
NOI $49,926 @ 7.0% cap · market cap 12,639.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
811
Businesses Nearby
Explore this area
Business Placement
Demographics for 85203, AZ
37,962
Population
14,020
Households
2.7
Avg Household Size
33
Median Age
29%
College-Educated
91%
High-School Grad
9.3 sq mi
ZIP Area
4,082
Density / Sq Mi
$72,851
Median Household Income
$40,524
Median Earnings
$1,388
Median Rent
$388,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Three available office suites include shared access to a large conference room and high-speed internet.
Where is this office unit located?
The property is located at 1010 E UNIVERSITY Drive Mesa, AZ.
What are key features of this property?
This property features: Three executive suites are available within 2,602 square feet of office space; Updated professional offices with a large conference room; High‑speed internet included
