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    Mesa Drive Redevelopment Opportunity Title is generated by Realmo AI

    1750 S Mesa Dr, Mesa, AZ

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    4.76-acre redevelopment site with 40,980 SF gray-shell office.

    Type:OFFICE
    Property size:
    40,980 SF
    Lot size:
    3.25 Acres
    Price / SF:
    $192/SF
    Added:
    Jun 10, 2025
    Days on Market:
    375
    Last Refresh:
    May 19 at 10:17 pm

    Property Features for 1750 S Mesa Dr

    General Information

    Standard status
    Active
    Size
    40,980 SF
    Lot size
    3.25 Acres
    Property subtype
    OFFICE

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    Listing Contact
    Jordan Tennant
    Jordan Tennant

    Listing agent Jordan Tennant License #SA676977000

    Listing office ORION Investment Real Estate

    Listing date Jun 10, 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

    • 4.76 Acre Redevelopment Site with 40,980 Sq/Ft Gray‑Shell Office
    • Immediate Access from US‑60 (225,200 VPD)
    • Frontage on Mesa Drive (39,800 VPD)
    • Proposed Uses: Office, Medical, Industrial, Automotive
    • 120 Covered Parking Stalls
    • New Roof in 2022

    Overview

    This 4.76-acre redevelopment site features a 40,980 square foot gray-shell office building. The property benefits from frontage on Mesa Drive, with a traffic count of 39,800 vehicles per day, and immediate access to US-60, which sees 225,200 vehicles per day. The site includes 120 covered parking stalls and a gated parking lot. A new roof was installed in 2022. Proposed uses for the property include office, medical, industrial, and automotive.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $1.19M $28.92
    − Vacancy −$248.9k −$6.07
    EGI $936.3k $22.85
    − OpEx −$234.1k −$5.71
    NOI $702.2k $17.14
    40,980 SF · lease $28.92/SF/yr · vacancy 21.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $10.03M
    $8.78M – $11.70M (±1% cap)
    NOI $702,196 @ 7.0% cap · market cap 8.89%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $11.23M
    $9.83M – $13.11M (±1% cap)
    NOI $786,305 @ 7.0% cap · market cap 9.95%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Car Rental Facility FMC Dialysis Medical Clinic Maricopa County Public ... Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.824
    Latitude
    33.383

    FAQs

    What type of property is this?
    Office building - 4.76-acre redevelopment site with 40,980 SF gray-shell office.
    Where is this office building located?
    The property is located at 1750 S Mesa Dr Mesa, AZ.
    What is the asking price?
    The asking price for this property is $7,900,000.
    What are key features of this property?
    This property features: 4.76 Acre Redevelopment Site with 40,980 Sq/Ft Gray‑Shell Office; Immediate Access from US‑60 (225,200 VPD); Frontage on Mesa Drive (39,800 VPD)
    (785) 231-9243 Call to check price and availability
    More about this property
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