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    460 Mesa Dr Mesa, AZ 85201

    Sponsored
    For Sale
    $8,000,000

    Prime Mesa Office, Owner/User Opportunity

    Property size:
    53,135 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a 53,135 square foot, Class B office building in Mesa, Arizona. Located at 460 N Mesa Dr, 85201, this multi-tenant property boasts a strong NOI of $123,760.88 and is currently 73.15% occupied. Built in 1972, the two-story building sits on a single lot and features 63 parking spaces. The asking price is $8,000,000, translating to $157 per square foot. The property is zoned LC, offering versatility for a variety of uses. Its prime location in the Phoenix East Valley provides easy access to major business and commercial hubs, making it an ideal choice for an owner/user seeking to establish or expand their presence in this thriving market. The spacious and versatile layout offers ample room for customization and potential expansion. The building is well-maintained and ready for immediate occupancy, presenting a compelling investment opportunity with existing income potential. This property offers a blend of established tenancy and significant upside potential for a discerning buyer.

    Property Features for 460 Mesa Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    53,135 SF
    Class
    B

    Building Details

    Year Built
    1972
    Buildings
    1
    Stories
    2

    HighLights

    • Excellent Phoenix‑area location.
    • Spacious, adaptable floor plan.
    • Perfect for professional office use.
    • Expansion and customization options available.
    • Abundant employee & visitor parking.
    • Move‑in ready investment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    CBI Community Bridges ... Mental Health Clinic Brandon Healy Nurse Practitioner India Samuels Nurse Practitioner Ana Williams Nurse Practitioner Mesa Regional Parole ... Federal Government Office

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -111.8243383
    Latitude
    33.4238625

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Mesa Office, Owner/User Opportunity
    Where is this office property / space located?
    The property is located at 460 Mesa Dr Mesa, AZ.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: Excellent Phoenix-area location.; Spacious, adaptable floor plan.; Perfect for professional office use.
    (480) 966-7513
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    460 Mesa Dr 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
    460 Mesa Dr Mesa, AZ 85201
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