Office Space in Apache
For Sale
$1,650,000
11556 E University Dr, Apache Junction, AZ 85210
Office space for sale at Meridian & University Dr.
Property Size7,459 SF
Days on Market215
Property Features for 11556 E University Dr
General Information
Standard status
Active
Size
7,459 SF
Property subtype
Office
Building Details
Building Size
7,459 SF
Year Built
2007
Listing Agency:
Commercial Properties Inc.
Listed By:
Phill Tomlinson · License #BR528671000
(480) 330-8897
Source:
Corfac
Added: Mar 5
Changed: Sep 6
Last Checked: Oct 5 at 4:55PM
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 Commercial Properties Inc.
Investment Insights
Based on property information with market context.
This commercial property, suitable for office use, is located in Apache Junction, Arizona, at the northwest corner of Meridian and University Drive.
Key Highlights
- Office Space for Sale
- Located in Apache Junction, AZ
- NW Corner Location at Meridian & University Dr Intersection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,415
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,588,300
$2.6M
Cap Rate 7%
$1,848,786
$1.8M
Cap Rate 9%
$1,437,944
$1.4M
Market Conditions
NOI Build-Up for 7,459 SF
Gross rent
$228.2K $30.60/SF
− Vacancy
−$55.7K −$7.47/SF
EGI
$172.6K $23.13/SF
− OpEx
−$43.1K −$5.78/SF
NOI
$129.4K $17.35/SF
Area
Maricopa County, AZ
Vacancy
24.40%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,588,300
Cap Rate 7%
$1,848,786
Cap Rate 9%
$1,437,944
Alternative Uses
Best Use
Office B
$1.85M
$1.62M – $2.16M
NOI $129,415 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,509 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
- Coombs Mobile Home Supply — 303 S Meridian Rd, Apache Junction, AZ 85120
- Walmart Home Theater Installation — 2555 W Apache Trail, Apache Junction, AZ 85120
- OfficeMax Tech Services — 2950 W Apache Trail, Apache Junction, AZ 85120
- Microsoft support — 11101 e university dr, apache junction, az 85120
- All Valley Office Systems — 11428 E Decatur St, Mesa, AZ 85207
Frequently Asked Questions
What type of property is this?
Office space - Office space for sale at Meridian & University Dr.
Where is this office space located?
The property is located at 11556 E University Dr Apache Junction, AZ.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Office Space for Sale; Located in Apache Junction, AZ; NW Corner Location at Meridian & University Dr Intersection
