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    163 N Dobson Rd Mesa, AZ 85202

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    For Sale
    $7,769,000

    Medical school facility with long-term tenant and growth potential.

    Property size:
    24,000 SF
    Lot size:
    2.34 Acres

    Property Features for 163 N Dobson Rd

    General Information

    Size
    24,000 SF
    Lot size
    2.34 Acres

    Source: Colliers | Phoenix Agent Todd Noel, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mesa Medical School Opportunity

    This 24,000-square-foot property is located on Dobson Road near Main Street, offering strong street visibility and convenient access from across the Valley via Loop 101, Loop 202, and US Highway 60. The site is zoned LC, City of Mesa. The property features 15 classrooms, with the opportunity to create an additional 4-5 classrooms, and 21 administrative offices. It has a specialty buildout suitable for a post-secondary medical school. The property has been leased to a healthcare training provider since 2012, who just renewed for another seven years. The NNN lease includes 3.0% annual increases. The site is served by light rail. Current enrollment at the site is 259, with capacity to grow.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Florence Martin, ... Doctor Arizona College Mesa University

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.8735286
    Latitude
    33.4183298

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    FAQs

    What type of property is this?
    Medical office - Medical school facility with long-term tenant and growth potential.
    Where is this medical office located?
    The property is located at 163 N Dobson Rd Mesa, AZ.
    What is the asking price?
    The asking price for this property is $7,769,000.
    What are key features of this property?
    This property features: - NNN lease with 3.0% annual increases, providing reliable and passive income for 7 more years.; - Specialty buildout for post-secondary medical school.; - Located on Dobson Road near Main Street with strong street visibility and convenient access to Loop 101, Loop 202, and US Highway 60.
    (602) 692-8290
    Request Owner's contact information
    163 N Dobson Rd Mesa, AZ 85202
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    Mesa, AZ 85202
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    Realmo Value Estimation

    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.

    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.

    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
    163 N Dobson Rd Mesa, AZ 85202
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