Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Apartment Community Near Downtown Mesa Title is generated by Realmo AI

    6521 E University Dr, Mesa, AZ 85205

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Apartment community near employment, education, and lifestyle destinations.

    Type:Multifamily
    Property size:
    23,800 SF
    Price / SF:
    $294/SF
    Added:
    Feb 20, 2026
    Days on Market:
    81
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 6521 E University Dr

    General Information

    Standard status
    Active
    Size
    23,800 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    2003

    We can help!

    Listing Contact
    Paul Bay

    Listing agent Paul Bay License #AZ SA671037000

    Listing office Marcus & Millichap - Phoenix

    Listing date Feb 20, 2026

    Source Crexi

    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 Marcus & Millichap - Phoenix

    HighLights

    • Prime location adjacent to the revitalized Downtown Mesa
    • Proximity to major employment corridors, including Downtown Mesa
    • Walking distance to a Valley Metro light rail station
    • Located near Mesa Arts Center and the Mesa Music Festival
    • Close to Banner Health and Mesa Community College in the Fiesta District
    • Property built in 2003

    Overview

    Bella Rosa is an apartment community located on the south side of University Drive, between Recker Road and Power Road, adjacent to the resurgence of downtown Mesa. The property is positioned to benefit from surrounding employment corridors, higher education facilities, and lifestyle destinations. Downtown Mesa is becoming a cultural mainstay for the Southeast Valley, with eateries, galleries, and annual events, including The Mesa Arts Center and the Mesa Music Festival. The property has access to the Superstition Employment Corridor running down US60, as well as Banner Health and Mesa Community College stationed in the Fiesta District. A Valley Metro light rail station within walking distance provides transportation to workplaces and Arizona State University. The property size is 23800 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bella Rosa Apartments Apartment Building

    Suggested Use

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

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.6903727
    Latitude
    33.4224028

    Nearby Similar for Sale

    • $555,000

      Mesa Duplex: Investment Opportunity

      Well-maintained duplex in Mesa with income potential.
      1129 N WEDGEWOOD Circle, Mesa, AZ 85203
      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
    • $845,000

      Mesa Multifamily Investment Opportunity

      Well-maintained 4-unit property with income growth potential in Mesa, AZ.
      860 E BROWN Road, Mesa, AZ 85203
      View Details
    • $730,000

      Remodeled Fourplex in Mesa Location

      Updated fourplex near shopping, dining, and commuter routes.
      2650 E MCKELLIPS Road, Mesa, AZ 85213
      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
    • $717,500

      Mesa Fourplex Investment Opportunity

      Well-maintained fourplex in a high-demand Mesa neighborhood.
      834 N CHERRY --, Mesa, AZ 85201
      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
    • $575,000

      Remodeled Duplex in North Mesa

      Fully remodeled duplex with high cap rate in North Mesa.
      1063 N July Circle, 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
    • $1,499,900

      New Mesa Fourplex Investment Opportunity

      New fourplex in Mesa community with amenities, near Loop 202.
      8232 E UNIVERSITY Drive, Mesa, AZ 85207
      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

    FAQs

    What type of property is this?
    Apartment building - Apartment community near employment, education, and lifestyle destinations.
    Where is this apartment building located?
    The property is located at 6521 E University Dr Mesa, AZ.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: Prime location adjacent to the revitalized Downtown Mesa; Proximity to major employment corridors, including Downtown Mesa; Walking distance to a Valley Metro light rail station
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Paul Bay
    Real Estate License ID: AZ SA671037000
    Learn More
    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
    6521 E University Dr, Mesa, AZ 85205
    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!