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    77 W University Dr Mesa, AZ 85201

    For Sale
    $2,250,000

    Freestanding office building in Mesa, near downtown and major routes.

    Property size:
    10,626 SF
    Lot size:
    0.73 Acres

    Property Features for 77 W University Dr

    General Information

    Size
    10,626 SF
    Lot size
    0.73 Acres

    Source: Menlo Group Commercial Real Estate Agent Grafton Milne

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

    Overview

    Freestanding Office Building in Mesa

    This freestanding office building, situated on approximately 0.71 acres, offers approximately 10,626 square feet of space. The property is zoned DB-1 (Downtown Business District 1) by the City of Mesa. The existing build-out includes private offices, a reception area, and conference rooms. Monument signage is available on University Drive. The property features a large lot with dedicated parking, including covered parking spaces. Located near historic Downtown Mesa, Mesa Riverview, and Tempe Marketplace, it also offers convenient access to Loop 101, Loop 202, and US 60. Tax incentives may be available due to its location in a qualified opportunity zone.
    Insight Report Location Intelligence

    Current Use by Public Records

    Schmidt Westergard Accountant BKD, LLP Accounting Firm FORVIS, LLP Accounting Firm Westergard Lynn C ... Accountant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.8333204
    Latitude
    33.4219537

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    FAQs

    What type of property is this?
    Office building - Freestanding office building in Mesa, near downtown and major routes.
    Where is this office building located?
    The property is located at 77 W University Dr Mesa, AZ.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Freestanding office building in a qualified opportunity zone with potential tax incentives.; - Excellent location near Historic Downtown Mesa, Mesa Riverview, Tempe Marketplace, and major freeways (Loop 101, Loop 202, US 60).; - DB-1 Zoning (Downtown Business District 1) for City of Mesa.
    (480) 282-3089
    Request Owner's contact information
    77 W University Dr Mesa, AZ 85201
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    Mesa, AZ 85201
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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
    77 W University Dr Mesa, AZ 85201
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