Professional Office
For Sale
Contact for pricing
1102 E University Drive, Mesa, AZ 85203
Updated interiors, courtyard landscaping, and on-site parking support professional services and medical office operations.
Property Size2,800 SF
Price / SF$0.39
Days on Market52
Property Features for 1102 E University Drive
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Comm/industry Lease
Additional Details
Highway Access
Yes
Amenities
central courtyard
Listing Agency:
Finca Reserve LLC
(602) 882-4020
Listed By:
Kevin W Mitchell · License #BR665433000
(602) 781-3025
Source:
Juliebradfeldt
Added: Aug 26
Changed: Oct 5
Last Checked: Oct 14 at 10:28PM
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 Finca Reserve LLC
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Investment Insights
Based on property information with market context.
This 2,800-square-foot office suite offers a polished setting for professional services or medical office operations. Interior improvements include energy-efficient upgrades, wood-look flooring, contemporary finishes, and custom accent walls. A central courtyard with a decorative fountain adds a quiet outdoor element to the property, while on-site parking supports daily staff and visitor needs.
The office is located at 1102 E University Drive in Mesa, with access to US-60, Loop 202, and the Mesa Downtown District. Its configuration and existing improvements provide a functional setting for small businesses seeking established office space with a finished presentation.
The office is located at 1102 E University Drive in Mesa, with access to US-60, Loop 202, and the Mesa Downtown District. Its configuration and existing improvements provide a functional setting for small businesses seeking established office space with a finished presentation.
Key Highlights
- 2,800‑square‑foot professional office suite
- Energy‑efficient improvements and modern interior finishes
- Wood‑look flooring and custom accent walls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,978
Suggested Prices Based on Cap Rates
Cap Rate 5%
$959,560
$959.6K
Cap Rate 7%
$685,400
$685.4K
Cap Rate 9%
$533,089
$533.1K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$81.0K $28.92/SF
− Vacancy
−$17.0K −$6.07/SF
EGI
$64.0K $22.85/SF
− OpEx
−$16.0K −$5.71/SF
NOI
$48.0K $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%
$959,560
Cap Rate 7%
$685,400
Cap Rate 9%
$533,089
Alternative Uses
Best Use
Office B
$685.4K
$599.7K – $799.6K
NOI $47,978 @ 7.0% cap · market cap 4,361.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$767.5K
$671.6K – $895.4K
NOI $53,725 @ 7.0% cap · market cap 4,884.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,043
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 units - Updated interiors, courtyard landscaping, and on-site parking support professional services and medical office operations.
Where is this office units located?
The property is located at 1102 E University Drive Mesa, AZ.
What are key features of this property?
This property features: 2,800‑square‑foot professional office suite; Energy‑efficient improvements and modern interior finishes; Wood‑look flooring and custom accent walls
