Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Development Opportunity in East Valley Title is generated by Realmo AI

    11560 E University Dr, Apache Junction, AZ

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Ready-to-build commercial land in a high-growth area.

    Type:LAND
    Lot size:
    1.00 Acres
    Added:
    Jun 17, 2025
    Days on Market:
    350
    Last Refresh:
    May 19 at 9:17 pm

    Property Features for 11560 E University Dr

    General Information

    Standard status
    Active
    Lot size
    1.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Michael Douglas
    Michael Douglas

    Listing agent Michael Douglas License #SA668345000

    Listing office ORION Investment Real Estate

    Listing date Jun 17, 2025

    Source Moodyscre

    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 ORION Investment Real Estate

    HighLights

    • Shovel‑ready ±1.003‑acre parcel with utilities, sidewalks, and driveways already in place.
    • Prime location at the signalized hard corner of University Dr and Meridian Dr, on the Mesa/Apache Junction border.
    • Zoned LC (Limited Commercial) offering flexibility for medical office, retail, professional services, or drive‑thru uses.
    • Located in a fast‑growing East Valley corridor.
    • Ideal for infill pads, high‑demand medical or QSR tenants.
    • Situated within an established office center.

    Overview

    Meridian Plaza offers a development opportunity at the signalized hard corner of University Dr and Meridian Dr, situated on the border of Mesa and Apache Junction. The parcel spans approximately 1.003 acres within an established office center. The site is fully improved with utilities, sidewalks, and driveways. Zoned LC (Limited Commercial), the site allows for medical office, retail, professional services, or drive-thru uses, subject to city approval. This location, infrastructure readiness, and zoning versatility make it suitable for users seeking infill pads, developers targeting high-demand medical or QSR tenants, or investors looking for long-term value in a rising submarket.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Apache Junction
    County
    Pinal
    State
    Arizona
    Longitude
    -111.582
    Latitude
    33.4228

    Nearby Similar for Sale

    • $875,000

      Prime Commercial Land Opportunity

      General Commercial land for sale in a strong infill location.
      935 S IRONWOOD Drive, Apache Junction, AZ 85120
      View Details
    • $735,000

      Apache Junction Fourplex Investment Opportunity

      Fourplex near US-60 with updated units and strong rental income.
      2125 S APACHE Drive, Apache Junction, AZ 85120
      View Details
    • $87,500

      Improved RV Lot with Utilities

      Premium RV lot in Golden Vista Resort, pet-friendly.
      993 Prospector Drive, Apache Junction, AZ 85119
      View Details
    • $127,500

      North Facing Gem in Arizona

      1 bed, 1 bath home near clubhouse with mountain views.
      232 Aquamarine Drive, Apache Junction, AZ 85119
      View Details
    • $325,000
      3,435 SF

      Ready-to-Build Apache Junction Land

      1.25 acre parcel with approved plans and utilities.
      4016 E Stone Road, Apache Junction, AZ 85119
      View Details
    • $600,000
      2,800 SF

      Apache Junction Industrial Space Available

      Freestanding building with retail frontage and gated yard.
      306 S Ironwood Dr, Apache Junction, AZ 85120
      View Details
    • $197,023

      Buildable Desert Lot with Mountain Views

      Private, buildable desert lot with utilities and mountain views.
      4924 E ROUNDUP Street, Apache Junction, AZ 85119
      View Details
    • $275,000

      Apache Junction Land with Mountain Views

      1.25-acre homesite with mountain and desert views.
      3900 N SUN Road, Apache Junction, AZ 85119
      View Details
    • $119,000

      Golden Vista 55+ Community Home

      Furnished home in a vibrant 55+ community.
      632 HAWKS EYE Drive, Apache Junction, AZ 85119
      View Details
    • $350,000

      1.25 Acre Lot, No HOA

      Rare 1.25 acre lot bordering Superstition Mountain golf course.
      Calle Suenos, Apache Junction, AZ 85118
      View Details
    • $450,000

      5-Acre Parcel with Mountain Views

      Residential land with horse privileges and mountain views.
      2205 E Tepee Street, Apache Junction, AZ 85119
      View Details
    • $1,100,000
      7,000 SF

      Versatile Commercial Property with Bay Doors

      7,000 SF commercial building with bay doors and additional lot.
      1544 E 18TH Avenue, Apache Junction, AZ 85119
      View Details

    FAQs

    What type of property is this?
    Commercial land - Ready-to-build commercial land in a high-growth area.
    Where is this commercial land located?
    The property is located at 11560 E University Dr Apache Junction, AZ.
    What is the asking price?
    The asking price for this property is $480,597.
    What are key features of this property?
    This property features: Shovel‑ready ±1.003‑acre parcel with utilities, sidewalks, and driveways already in place.; Prime location at the signalized hard corner of University Dr and Meridian Dr, on the Mesa/Apache Junction border.; Zoned LC (Limited Commercial) offering flexibility for medical office, retail, professional services, or drive‑thru uses.
    (480) 772-8870 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Douglas
    Michael Douglas
    Real Estate License ID: SA668345000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11560 E University Dr, Apache Junction, AZ
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!