Single-Story General Office
For Sale
Contact for pricing
555 W University Dr, Mesa, AZ 85201
Single-story, built-out office suites totaling 6,402 SF with frontage on University Avenue in downtown Mesa.
Property Size6,402 SF
Price / SF$273.35
Days on Market149
Property Features for 555 W University Dr
General Information
Standard status
Active
Size
6,402 SF
Property subtype
OFFICE
Listing Agency:
Menlo Group Commercial Real Estate
(480) 236-9511
Listed By:
Stuart Milne · License #SA634760000
(480) 236-9511
Source:
Moodyscre
Added: Mar 3
Changed: Jul 28
Last Checked: Jul 28 at 2:59AM
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 Menlo Group Commercial Real Estate
Investment Insights
Based on property information with market context.
This single-story free-standing general office property contains multi-tenant, built-out office suites totaling 6,402 SF. The building was constructed in 1985 and features wood frame construction with a tile roof.
The property has frontage on University Avenue just west of Country Club Drive and is located in downtown Mesa. It provides immediate access to SR 87 and is close to nearby restaurants, retail, and service amenities.
The seller notes great monument signage on University Avenue, and the current leases are month-to-month, presenting an owner-user opportunity for flexible occupancy.
The property has frontage on University Avenue just west of Country Club Drive and is located in downtown Mesa. It provides immediate access to SR 87 and is close to nearby restaurants, retail, and service amenities.
The seller notes great monument signage on University Avenue, and the current leases are month-to-month, presenting an owner-user opportunity for flexible occupancy.
Key Highlights
- 6,402 SF single‑story general office with multi‑tenant, built‑out office suites
- Month‑to‑month leases in place, offering flexibility for an owner‑user or investor
- Built in 1985 wood‑frame building with tile roof; single‑story free‑standing structure
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $142.1k | $22.20 |
| − Vacancy | −$27.0k | −$4.22 |
| EGI | $115.1k | $17.98 |
| − OpEx | −$28.8k | −$4.50 |
| NOI | $86.3k | $13.49 |
6,402 SF · lease $22.20/SF/yr · vacancy 19.00% · expense 25.00%
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
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Single-story, built-out office suites totaling 6,402 SF with frontage on University Avenue in downtown Mesa.
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: 6,402 SF single‑story general office with multi‑tenant, built‑out office suites; Month‑to‑month leases in place, offering flexibility for an owner‑user or investor; Built in 1985 wood‑frame building with tile roof; single‑story free‑standing structure
