Mesa Office Building
For Sale
$1,750,000
555 W University Dr, Mesa, AZ 85201
6,402 SF office building with 10 units for sale.
Property Size6,402 SF
Price / SF$273.35
Days on Market210
Property Features for 555 W University Dr
General Information
Standard status
Active
Size
6,402 SF
Class
B
Property subtype
Office
Building Details
Building Size
6,402 SF
Listed By:
Stuart Milne, SIOR | CCIM
(480) 236-9511
Source:
Menlocre
Added: Mar 16
Changed: Oct 3
Last Checked: Oct 11 at 4:54AM
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 Stuart Milne, SIOR | CCIM
Investment Insights
Based on property information with market context.
Located at 555 W University Dr in Mesa, AZ, this 6,402 SF office building offers a prime investment opportunity. The single-story, free-standing building, constructed in 1985 with a wood frame and tile roof, features 10 multi-tenant, built-out office suites. The property is situated along West University Drive in central Mesa, just east of downtown, with frontage on University Avenue, west of Country Club Drive. It offers immediate access to SR 87 and is in close proximity to restaurants, retail, and service amenities. The location is also within a downtown Mesa "Opportunity Zone". Leases are month to month. The property includes great monument signage on University Avenue. This property is suitable for a wide range of office or commercial uses and presents a perfect owner/user opportunity.
Key Highlights
- Prime investment opportunity in a thriving Mesa location.
- 6,402 SF office building with 10 units.
- Located in a designated "Opportunity Zone" in downtown Mesa.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,341
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,726,820
$1.7M
Cap Rate 7%
$1,233,443
$1.2M
Cap Rate 9%
$959,344
$959.3K
Market Conditions
NOI Build-Up for 6,402 SF
Gross rent
$142.1K $22.20/SF
− Vacancy
−$27.0K −$4.22/SF
EGI
$115.1K $17.98/SF
− OpEx
−$28.8K −$4.50/SF
NOI
$86.3K $13.49/SF
Area
ZIP 85201
Vacancy
19.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,726,820
Cap Rate 7%
$1,233,443
Cap Rate 9%
$959,344
Alternative Uses
Best Use
Office B
$1.23M
$1.08M – $1.44M
NOI $86,341 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,158 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,644
Businesses Nearby
Explore this area
Business Placement
Demographics for 85201, AZ
51,187
Population
23,099
Households
2.2
Avg Household Size
33
Median Age
27%
College-Educated
87%
High-School Grad
9.4 sq mi
ZIP Area
5,445
Density / Sq Mi
$63,725
Median Household Income
$40,067
Median Earnings
$1,349
Median Rent
$292,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - 6,402 SF office building with 10 units for sale.
Where is this office building located?
The property is located at 555 W University Dr Mesa, AZ.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Prime investment opportunity in a thriving Mesa location.; 6,402 SF office building with 10 units.; Located in a designated "Opportunity Zone" in downtown Mesa.
