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    761 University Dr Mesa, AZ 85203

    Sponsored
    For Lease
    $18 SF/Yr ($9,187 /Mo)

    Prime Downtown Mesa Office Space Available

    Lot size:
    6,125 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional executive office complex in downtown Mesa, Arizona, offers 6,125 square feet across two suites, situated on a 0.38-acre lot. Currently, 470 square feet are vacant, with one available suite measuring 590 square feet. Built in 1974 and zoned RM-4, the property boasts a garden-style design and is undergoing significant improvements under new ownership. Planned renovations include a complete interior suite overhaul and an upgrade to the prominent University Drive signage. Suite sizes range from 550 to 2,600 square feet, catering to diverse business needs. Lease rates are structured on a full-service basis. The property's location in the Mesa-Downtown submarket of Maricopa County provides excellent access to local amenities and transportation. This is a unique opportunity to secure office space in a revitalized complex with modern amenities and a prime location. The property's address is 761 E. University Drive, Mesa, AZ 85203.

    Property Features for 761 University Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,125 SF
    Total Rate
    9187.5

    Building Details

    Year Built
    1974

    Unit(s) available at that property

    Space
    Suite 108
    Size
    590 SF
    Rate per SF
    $18

    HighLights

    • Full‑service lease available.
    • Excellent Downtown Mesa location.
    • Extensive interior and exterior renovations in progress.
    • Landscaped property.
    • High traffic count: ±30,000 vehicles per day at University Drive intersection.
    • High visibility on University Drive.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bigler Chiropractic Services Chiropractor Ralph P. Bigler, ... Chiropractor Associates In Clinical Psychologist Wayne R General ... Consultant Lightforce Chiropractic Clinic Chiropractor

    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
    -111.8143327
    Latitude
    33.4221205

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Downtown Mesa Office Space Available
    Where is this office property / space located?
    The property is located at 761 University Dr Mesa, AZ.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Full-service lease available.; Excellent Downtown Mesa location.; Extensive interior and exterior renovations in progress.
    Request Owner's contact information
    761 University Dr Mesa, AZ 85203
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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
    761 University Dr Mesa, AZ 85203
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