Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Downtown Mesa Office Building Remodel Title is generated by Realmo AI

    305 E Main St, Mesa, AZ 85201

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $6,255,000

    Remodeled office building in downtown Mesa, ideal for investors.

    Type:Office
    Added:
    Mar 6, 2026
    Days on Market:
    78
    Last Refresh:
    Apr 6 at 12:57 am

    Property Features for 305 E Main St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    Landon McKernan
    Landon McKernan

    Listing agent Landon McKernan License #AZ SA690813000

    Listing office LevRose Commercial Real Estate

    Listing date Mar 6, 2026

    Source Tcnworldwide

    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 LevRose Commercial Real Estate

    HighLights

    • Opportunity for investor or owner/user with income in fast growing downtown Mesa.
    • Two full floors available for owner/user.
    • Complete remodel of entry, common areas, and restrooms.
    • Located in an Opportunity Zone.
    • Large break rooms available.
    • Lobby exposure available.

    Overview

    This office building is located in the fast-growing downtown Mesa area and presents an opportunity for investors or owner-users seeking income potential. The property has undergone a complete remodel of its entry, common areas, and restrooms. Two full floors are available for owner-user occupancy. The building features large break rooms and lobby exposure. Additionally, the property is situated within an Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wells Fargo Bank Bank SolidBuilt Shed Construction Company Desert Solar Co Solar Energy Company Wells Fargo ATM Atm Wells Fargo Advisors Financial Advisor

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    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
    33.4147

    Nearby Similar for Sale

    • $549,500
      2,000 SF

      Mesa Multifamily Property For Sale

      Multifamily property with upgraded units, ideal for investment.
      8125 E BONNELL Street, Mesa, AZ 85207
      View Details
    • $595,000

      Mesa Income Property with Guest House

      Remodeled main house plus two-unit guest house in downtown Mesa.
      146 S ROBSON, Mesa, AZ 85210
      View Details
    • $707,000

      Mesa Fourplex in Prime Location

      Well-maintained fourplex with long-term tenants in a high-demand area.
      834 N CHERRY, Mesa, AZ 85201
      View Details
    • $357,999

      Mesa Duplex with Large Yards

      Multifamily duplex in Mesa, near attractions and freeways.
      526 S MESA Drive, Mesa, AZ 85210
      View Details
    • $555,000

      Mesa Duplex: Investment Opportunity

      Well-maintained duplex in Mesa with income potential.
      1129 N WEDGEWOOD Circle, Mesa, AZ 85203
      View Details
    • $825,750

      Mesa Condo For Sale

      Well-designed condo in Pierpont Commerce Center, Mesa, Arizona.
      4852 E Baseline Rd Ste C-104, Mesa, AZ 85206
      View Details
    • $425,000

      Mesa Duplex in North Mesa

      Well-maintained duplex in North Mesa, great location.
      905 E FOUNTAIN Street, Mesa, AZ 85203
      View Details
    • $425,000

      Mesa Duplex in North Mesa

      Well-maintained duplex in North Mesa, great location.
      913 E FOUNTAIN Street, Mesa, AZ 85203
      View Details
    • $2,650,000
      6,797 SF

      Multi-Tenant Strip Center For Sale

      6,797 SF strip center on 1.19 AC parcel.
      1616 S Stapley Dr, Mesa, AZ 85204
      View Details
    • $2,680,000
      3,500 SF

      Valvoline NNN Ground Lease Investment

      New 15-year absolute NNN lease with scheduled rent increases.
      3663 South Power Road, Mesa, AZ 85212
      View Details
    • $860,000

      Downtown Mesa Retail/Office Building

      Retail/office building in a walkable district near light rail.
      146 W Main St, Mesa, AZ 85201
      View Details
    • $850
      6,199 SF

      Garden Style Office Complex

      Garden style office complex with suites available near Downtown Mesa.
      761 E University Drive, Mesa, AZ 85203
      View Details

    FAQs

    What type of property is this?
    Office building - Remodeled office building in downtown Mesa, ideal for investors.
    Where is this office building located?
    The property is located at 305 E Main St Mesa, AZ.
    What is the asking price?
    The asking price for this property is $6,255,000.
    What are key features of this property?
    This property features: Opportunity for investor or owner/user with income in fast growing downtown Mesa.; Two full floors available for owner/user.; Complete remodel of entry, common areas, and restrooms.
    (480) 294-6571
    We can help!
    Listing Contact
    Landon McKernan
    Landon McKernan
    Real Estate License ID: AZ SA690813000
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    305 E Main St, Mesa, AZ 85201
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!