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Retail Investment Property
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507 E University Dr, Mesa, AZ 85203

For sale retail property offering a 6.14% CAP rate and 9,204 SF of space.

Property Size9,204 SF
Days on Market110

Property Features for 507 E University Dr

General Information

Standard status Active
Size 9,204 SF
Property subtype Retail

Additional Details

Cap Rate 6.14%
Listing Agency: Commercial Properties Inc.
Listed By: Paul Woods · License #568117000
Source: Crexi
Added: Apr 23 Changed: Aug 8 Last Checked: Jul 20 at 7:23PM

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.

Investment Insights

Based on property information with market context.

This for-sale retail investment property is listed at a 6.14% CAP rate and includes 9,204 SF of retail space. It presents an opportunity for buyers seeking a retail asset with stated income performance.

The property is located at 507 E University Dr in Mesa, Arizona 85203.

If you’d like, share your target criteria and I can help narrow down fit based on the available offering details.

Key Highlights

  • Retail property for sale with 9,204 SF
  • Stated 6.14% CAP rate

Property Analytics

Current Use

Protein bar Herbalife ... Physician Illusion Barber Shop Barber Shop Exclusive Deals AZ Big Box & Wholesale Store Club Herbalife Nutrition ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Computer & Electronic Repair Carpet & Flooring Store Locksmith Pet Store Pet Store & Service

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

Location Intelligence

Trade Area within ½ mile

1,119
Businesses Nearby
41k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 73% Shops & Services 25% Electronics 2%
McDonald's Dining
28,240 visits/mo 0.2 miles
Circle K Shops & Services
5,118 visits/mo 0.2 miles
Deseret Book Shops & Services
3,093 visits/mo 0.5 miles
Blendz Dining
1,372 visits/mo 0.4 miles
Watermill Express Shops & Services
1,248 visits/mo 0.2 miles

Demographics for 85203, AZ

37,962
Population
14,020
Households
2.7
Avg Household Size
33
Median Age
29%
College-Educated
91%
High-School Grad
9.3 sq mi
ZIP Area
4,082
Density / Sq Mi
$72,851
Median Household Income
$40,524
Median Earnings
$1,388
Median Rent
$388,300
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - For sale retail property offering a 6.14% CAP rate and 9,204 SF of space.
Where is this retail space located?
The property is located at 507 E University Dr Mesa, AZ.
What are key features of this property?
This property features: Retail property for sale with 9,204 SF; Stated 6.14% CAP rate
(480) 966-2301 Call to check price and availability
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