Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11556 E University Dr Apache Junction, AZ 85210

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,650,000

    Office space for sale at Meridian & University Dr.

    Building Details

    Year built
    2007

    We can help!

    Listing Contact
    Eric Butler
    Eric Butler
    Source: Corfac

    Listing Agency: Commercial Properties Inc. Listing Agent: Eric Butler

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

    Learn more

    Overview

    Office Space in Apache Junction

    This commercial property, suitable for office use, is located in Apache Junction, Arizona, at the northwest corner of Meridian and University Drive.
    Location Intelligence

    Current Use by Public Records

    Upp Medical Clinic Reformation Orthodox Presbyterian ... Church

    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.

    Similar Places Nearby

    OfficeMax Tech Services, All Valley Office Systems, Microsoft support, Coombs Mobile Home Supply, Walmart Home Theater Installation

    Location Insight

    • Map
    • Local Demand
    City
    Apache Junction
    County
    Pinal
    State
    Arizona
    Longitude
    -111.5818091
    Latitude
    33.4228074

    Nearby Similar for Sale

    • New
      $119,000
      0.04 Acres

      Golden Vista 55+ Community Home

      Furnished home in a vibrant 55+ community.
      632 Hawks Eye Dr, Apache Junction, AZ 85119
      View Details
    • $120,000
      0.05 Acres

      Home in Golden Vista Resort

      Home in a 55+ active resort community.
      972 Oxide Dr, Apache Junction, AZ 85119
      View Details
    • $432,000

      Gold Canyon Duplex Opportunity

      Updated duplex in Gold Canyon with long-term tenants.
      6038 S Alameda Rd, Gold Canyon, AZ 85118
      View Details
    • $749,500

      Fully Occupied Fourplex Investment Opportunity

      Fourplex with strong income potential, renovated units, new A/C.
      451 E 10Th Ave, Apache Junction, AZ 85119
      View Details
    • $625,000

      Apache Junction Multifamily Investment Opportunity

      Multifamily property with long-term tenants and refreshed unit.
      111 S Outpost Rd, Apache Junction, AZ 85119
      View Details
    • $87,500
      0.04 Acres

      Improved RV Lot with Utilities

      Premium RV lot with full hookups and mountain views.
      993 Prospector Dr, Apache Junction, AZ 85119
      View Details
    • $199,900
      Pending

      Furnished Home in Golden Vista

      Move-in ready home with amenities in a desirable community.
      721 Emerald Dr, Apache Junction, AZ 85119
      View Details
    • New
      $188,500
      0.04 Acres

      Golden Vista Park Model Home

      Furnished park model in Golden Vista with Arizona room.
      167 Limestone Dr, Apache Junction, AZ 85119
      View Details
    • $72,500
      Pending

      Land with Park Model Home

      Charming park model in a vibrant 55+ resort community.
      564 S Rock Hound Dr, Apache Junction, AZ 85119
      View Details
    • $59,900
      0.04 Acres

      RV Lot in 55+ Resort

      Own a slice of resort fun in Apache Junction, AZ.
      149 Limestone Dr, Apache Junction, AZ 85119
      View Details
    • $134,900
      0.04 Acres

      Cavco Home in Golden Vista

      2007 Cavco home with resort-style amenities in Apache Junction.
      148 Limestone Dr, Apache Junction, AZ 85119
      View Details
    • New
      $74,500
      0.04 Acres

      RV Lot in 55+ Community

      RV lot in a desirable 55+ resort community.
      1038 S Quartz Dr, Apache Junction, AZ 85119
      View Details

    FAQs

    What type of property is this?
    Office property - Office space for sale at Meridian & University Dr.
    Where is this office property 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
    (480) 522-2813
    Request Owner's contact information
    11556 E University Dr Apache Junction, AZ 85210
    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.
    11556 E University Dr
    Apache Junction, AZ 85210
    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
    11556 E University Dr Apache Junction, AZ 85210
    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

    We can help!
    Listing Contact
    Eric Butler
    Eric Butler
    Real Estate License ID: BR515583000
    (480) 522-2813 (602) 809-6570 (480) 966-2301
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!