2921 N Power Rd Ste 101, Mesa, AZ 85215

Building Details

Building Size 4,384 SF More

Year Built 2005 More

Listed By: Cory Breinholt · License AZ SA661346000 Show Phone

Source: Cpiaz

Added: Aug 8 Changed: Nov 7 Last Checked: Nov 12 at 4:23AM

Report an Issue

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 Cory Breinholt

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This office property at 2921 N Power Rd Ste 101 in Mesa provides 4,384 square feet of commercial space within a purpose-built office configuration. The layout includes 16 offices, a reception area, conference room, two restrooms, and a break room, supporting a range of professional workplace arrangements.

Constructed in 2005, the property carries C-G zoning. Its address places the office at Power Road and University Drive, providing a defined Mesa location for businesses seeking an established commercial setting. The combination of private work areas, shared meeting space, and employee support areas creates a functional layout for office operations.

Key Highlights

• 4,384‑square‑foot office property in Mesa
• 16 offices with reception and conference room
• Two restrooms and a break room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$75,120

Cap Rate

4.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,502,400 $1.5M

Cap Rate 7%

$1,073,143 $1.1M

Cap Rate 9%

$834,667 $834.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,384 SF

Gross rent

$126.8K $28.92/SF

− Vacancy

−$26.6K −$6.07/SF

EGI

$100.2K $22.85/SF

− OpEx

−$25.0K −$5.71/SF

NOI

$75.1K $17.14/SF

Area

Mesa, AZ

Vacancy

21.00%

Lease Rate

$28.92 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,502,400

Cap Rate 7%

$1,073,143

Cap Rate 9%

$834,667

Alternative Uses

Best Use

Office B

$1.07M

$939.0K – $1.25M (±1% cap)

NOI $75,120 @ 7.0% cap · market cap 4.55%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.20M

$1.05M – $1.40M (±1% cap)

NOI $84,118 @ 7.0% cap · market cap 5.10%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Scott Frindell - State ... Insurance Agency Out Of Court Solutions Law Firm Landmark General Contractor Encore Design Group ... Architect Quickave Creative Marketing & Advertising

Suggested Use

Top Pick Dental Office Auto Repair Shop Law Firm Building Supply Auto Parts Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16

Office units

Location Intelligence

Trade Area within ½ mile

575

Businesses Nearby

Explore this area Business Placement

Demographics for 85215, AZ

16,461

Population

9,146

Households

1.8

Avg Household Size

56

Median Age

36%

College-Educated

96%

High-School Grad

82.8 sq mi

ZIP Area

199

Density / Sq Mi

$90,310

Median Household Income

$55,687

Median Earnings

$1,755

Median Rent

$398,400

Median Home Value

Market

Average Price Trend$/SF for Office buildings in Mesa, AZ

$239 Jul

$334 Aug

$281 Sep

$298 Oct

Properties on Market for Office buildings in Mesa

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Similar For Sale Nearby

See more

C-2-Zoned Office Building

1901 E University Dr, Mesa, AZ 85203

$989,000

4,882 SF

View details

Office Building with Private Offices

1012 S Stapley Dr Unit 101, Mesa, AZ 85204

$1,310,540

3,404 SF

View details

Mesa Office Building Investment

555 W University Dr, Mesa, AZ 85201

$1,750,000

6,402 SF

View details

Tenant-Occupied Office Building

7165 E University Dr Unit 171, Mesa, AZ 85207

$980,000

3,100 SF

View details

Three-Story Office Building

109-40 W Brown Rd, Mesa, AZ 85201

$2,000,000

9,644 SF

View details

Office Building with Finished Basement

40 W Brown Road #109, Mesa, AZ 85201

$2,000,000

9,644 SF

View details

Renovated Freestanding Office Building

606 N STAPLEY Drive, Mesa, AZ 85203

$795,000

2,644 SF

View details

Medical Office Property with Rear Building

2415 W Main Street, Mesa, AZ 85202

Contact for pricing

4,746 SF

View details

Office Building with Upgraded HVAC

86 East University Drive, Mesa, AZ 85201

$1,900,000

13,660 SF

View details

Office Building with Client Parking

2045 S Vineyard, Mesa, AZ 85210

Contact for pricing

3,744 SF

View details

Historic Office Buildings

121 W University Dr, Mesa, AZ 85201

$1,100,000

1,596 SF

View details

Modern East Valley Office Building

5555 E Baseline Rd, Mesa, AZ 85206

$4,527,556

8,876 SF

View details

Frequently Asked Questions

What type of property is this?

Office building - C-G-zoned office property with multiple private offices, meeting space, and practical staff amenities.

Where is this office building located?

The property is located at 2921 N Power Rd Ste 101 Mesa, 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: 4,384‑square‑foot office property in Mesa; 16 offices with reception and conference room; Two restrooms and a break room