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    2610 University Dr Mesa, AZ 85213

    Sponsored
    For Sale
    $4,181,211

    17,760 SF Executive Office, 7.14% Cap Rate

    Property size:
    17,760 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fully occupied, 17,760-square-foot Class B executive office building situated at 2610 E University Dr, Mesa, Arizona, 85213. The property boasts a strong 7.14% capitalization rate, generating a net operating income (NOI) of $298,609 annually. Currently leased to American Vision Partners under a 10-year NNN lease expiring April 4, 2027, with a 100% occupancy rate and 2% annual rent increases, this single-tenant freestanding building offers significant stability and predictable cash flow. Built in 1989, the property features desirable amenities including monument signage, ample parking (including covered spaces), and meticulously maintained landscaping. Its prime location in North Mesa provides easy access to major transportation arteries like Loop 202 and US 60, as well as a wealth of nearby businesses, retail establishments, and medical facilities. The property is zoned OC by the City of Mesa and offers a land value of $235.43 per square foot. The asking price is $4,181,211. While currently fully occupied, potential owner-user opportunities may exist. This is a rare opportunity to acquire a high-performing commercial property in a thriving market. The lease includes some landlord maintenance responsibilities.

    Property Features for 2610 University Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    17,760 SF
    Class
    B

    Building Details

    Year Built
    1989
    Property Profile Location Intelligence

    Current Use by Public Records

    Robert Flanders, CRNA Doctor American Vision Partners ... Eye Care Center Dr. Michael Campion, ... Ophthalmologist Ethington Roger B ... Optometrist Dr. Taylor Thompson Optometrist

    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
    -111.7749885
    Latitude
    33.4231971

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    FAQs

    What type of property is this?
    Office Property / Space - 17,760 SF Executive Office, 7.14% Cap Rate
    Where is this office property / space located?
    The property is located at 2610 University Dr Mesa, AZ.
    What is the asking price?
    The asking price for this property is $4,181,211.
    Request Owner's contact information
    2610 University Dr Mesa, AZ 85213
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    Mesa, AZ 85213
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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
    2610 University Dr Mesa, AZ 85213
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