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    77 University Dr Mesa, AZ 85201

    Sponsored
    For Sale
    $2,250,000

    10,626 SF Office, $2.25M

    Property size:
    10,626 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 10,626-square-foot executive office building in Mesa, Arizona, is offered at $2,250,000 ($211.74 per square foot). Situated on a 0.71-acre lot at 77 W University Dr, this Class B building, constructed in 1979, boasts a prime location with high visibility on University Drive, experiencing nearly 25,000 vehicles daily. The property features a well-appointed interior including a reception area, private offices, conference rooms, and restrooms. Ample dedicated parking is available, including covered spaces. The DB-1 zoning allows for diverse uses within Mesa's Downtown Business District 1. Its proximity to Historic Downtown Mesa, Mesa Riverview, and Tempe Marketplace, coupled with easy access to Loop 101, Loop 202, and US 60, provides unparalleled convenience. This freestanding building presents a significant investment opportunity, further enhanced by its location within a Qualified Opportunity Zone, offering attractive tax incentives for buyers and investors. Monument signage is available, maximizing brand visibility.

    Property Features for 77 University Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    10,626 SF
    Class
    B
    Lot Size
    30,928 SF

    Building Details

    Year Built
    1979

    HighLights

    • Freestanding office building for sale.
    • 10,626 square foot building on a 0.71‑acre lot.
    • DB‑1 zoning (Downtown Business District 1) in Mesa.
    • Features private offices, reception, and conference rooms.
    • Priced at $2,250,000 ($211.74 per square foot).
    • Located in a Qualified Opportunity Zone with tax incentives available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Schmidt Westergard Accountant BKD, LLP Accounting Firm FORVIS, LLP Accounting Firm Westergard Lynn C ... Accountant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.8336842
    Latitude
    33.4219479

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    FAQs

    What type of property is this?
    Office Property / Space - 10,626 SF Office, $2.25M
    Where is this office property / space located?
    The property is located at 77 University Dr Mesa, AZ.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: Freestanding office building for sale.; 10,626 square foot building on a 0.71-acre lot.; DB-1 zoning (Downtown Business District 1) in Mesa.
    Request Owner's contact information
    77 University Dr Mesa, AZ 85201
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    Mesa, AZ 85201
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    Realmo Value Estimation

    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.

    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.

    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
    77 University Dr Mesa, AZ 85201
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