Office
New
For Sale
$441,375
3635 E Inverness Ave Ste A104, Mesa, AZ 85206
The vacant unit is available for owner occupancy.
Property Size6,416 SF
Lot Size0.03 Acres
Price / SF$375
Days on Market2
Property Features for 3635 E Inverness Ave Ste A104
General Information
Standard status
Active
Size
6,416 SF
Lot size
0.03 Acres
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Building Size
6,416 SF
Year Built
2007
Listing Agency:
Commercial Properties Inc
Listed By:
Matt Zaccardi · License #SA584155000
(602) 561-1339
Source:
Cpiaz
Added: Oct 16
Last Checked: Oct 16 at 2:08PM
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 Commercial Properties Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This vacant office unit contains approximately 1,177 square feet, on an approximately 1,177-square-foot parcel. Built in 2007, it is offered for sale for owner-user occupancy.
Dana Park Village Square, a 329,000-square-foot open-air shopping and dining center anchored by AJ's Fine Foods and Barnes & Noble, is directly across Val Vista Drive. The property is approximately ¼ mile south of the US 60 and Val Vista Drive interchange. ADOT 2025 figures report 213,500 vehicles per day on US 60 at Val Vista Drive, 45,755 on Val Vista Drive, and 25,169 on Baseline Road, for a combined count of approximately 70,900 vehicles per day.
The five-mile area has a population of 363,295 and average household income of $111,988.
Dana Park Village Square, a 329,000-square-foot open-air shopping and dining center anchored by AJ's Fine Foods and Barnes & Noble, is directly across Val Vista Drive. The property is approximately ¼ mile south of the US 60 and Val Vista Drive interchange. ADOT 2025 figures report 213,500 vehicles per day on US 60 at Val Vista Drive, 45,755 on Val Vista Drive, and 25,169 on Baseline Road, for a combined count of approximately 70,900 vehicles per day.
The five-mile area has a population of 363,295 and average household income of $111,988.
Key Highlights
- Approximately 1,177 SF of office space on an approximately 1,177 SF parcel
- Built in 2007; vacant and offered for owner‑user occupancy
- Directly across Val Vista Dr from Dana Park Village Square, a 329,000 SF open‑air center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,168
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,360
$403.4K
Cap Rate 7%
$288,114
$288.1K
Cap Rate 9%
$224,089
$224.1K
Market Conditions
NOI Build-Up for 1,177 SF
Gross rent
$34.0K $28.92/SF
− Vacancy
−$7.1K −$6.07/SF
EGI
$26.9K $22.85/SF
− OpEx
−$6.7K −$5.71/SF
NOI
$20.2K $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%
$403,360
Cap Rate 7%
$288,114
Cap Rate 9%
$224,089
Alternative Uses
Best Use
Office B
$288.1K
$252.1K – $336.1K
NOI $20,168 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$322.6K
$282.3K – $376.4K
NOI $22,584 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,511
Businesses Nearby
Explore this area
Business Placement
Demographics for 85206, AZ
36,713
Population
19,078
Households
1.9
Avg Household Size
48
Median Age
34%
College-Educated
92%
High-School Grad
9.4 sq mi
ZIP Area
3,906
Density / Sq Mi
$69,986
Median Household Income
$45,422
Median Earnings
$1,717
Median Rent
$322,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office units - The vacant unit is available for owner occupancy.
Where is this office units located?
The property is located at 3635 E Inverness Ave Ste A104 Mesa, AZ.
What is the asking price?
The asking price for this property is $441,375.
What are key features of this property?
This property features: Approximately 1,177 SF of office space on an approximately 1,177 SF parcel; Built in 2007; vacant and offered for owner‑user occupancy; Directly across Val Vista Dr from Dana Park Village Square, a 329,000 SF open‑air center
