Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2260 E University Dr Mesa, AZ 85213

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Recently remodeled office space for lease with ample parking.

    Property Features for 2260 E University Dr

    General Information

    Standard status
    Active

    Building Details

    Year built
    1977

    We can help!

    Listing Contact
    Dallin Pace, Ccim
    Dallin Pace, Ccim
    Source: Crexi

    Listing Agency: Commercial Properties Inc Listing Agent: Dallin Pace, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Remodeled Office Space Available

    This property offers recently remodeled large office spaces for lease. The spaces feature polished concrete floors. Ample parking is available both in the lot and on the street. The property is located at University Drive and Lindsay Road.
    Location Intelligence

    Current Use by Public Records

    Protex Dumpster Rentals Waste Management Facility Digital Computing & Consulting IT Consulting Firm Bldg.Works Arizona General Contractor Office Keepers Hardware & Home Improvement

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.7816205
    Latitude
    33.4229473

    Nearby Similar for Lease

    • Contact for pricing

      AZ, Mesa- W Brown Rd

      Discover many ways to work your way in AZ, Mesa- W Brown Rd
      560 Brown Rd, Mesa, AZ 85201
      View Details
    • Contact for pricing

      Stapley Corporate Center

      Discover many ways to work your way in Stapley Corporate Center
      1910 Stapley Dr, Mesa, AZ 85204
      View Details
    • Sponsored
      Contact for pricing

      Val Vista

      Discover many ways to work your way in Val Vista
      3707 Southern Ave, Mesa, AZ 85206
      View Details
    • Contact for pricing

      Dobson

      Discover many ways to work your way in Dobson
      2266 Dobson Rd, Mesa, AZ 85202
      View Details
    • $24 SF/Yr

      Medical Office Space For Rent

      Medical office space available near Banner Baywood Medical Center.
      1635 North Greenfield Rd, Mesa, AZ 85205
      View Details
    • $19 SF/Yr
      707 SF

      Professional Office Space Available

      Professional office space for lease in Mesa, Arizona.
      2345 South Alma School Rd, Mesa, AZ 85210
      View Details
    • Contact for pricing

      Turnkey Auto Repair Facility

      Ready-to-operate auto repair shop in Mesa, Arizona.
      746 W Southern Ave, Mesa, AZ 85210
      View Details
    • $14 SF/Yr
      5,609 SF

      Mesa Multi-Tenant Office Building

      Professionally managed office building with covered parking and monument signage.
      1818 East Southern Ave, Mesa, AZ 85204
      View Details
    • $15 SF/Yr
      5,875 SF

      Freestanding Mesa Property For Lease

      Remodeled showroom with roll-up bays, ideal for automotive or industrial.
      220 E Baseline Rd, Mesa, AZ 85210
      View Details
    • $500 /Mo

      Functional Office Space in Mesa

      Efficient commercial office space with convenient amenities and prime location.
      2651 West Guadalupe Rd, Mesa, AZ 85202
      View Details
    • Contact for pricing

      Mesa Retail Space For Lease

      Retail space with prime visibility and accessibility in Mesa, Arizona.
      1911 W Broadway Rd, Mesa, AZ 85202
      View Details
    • Contact for pricing

      Mesa Retail Space For Lease

      Retail space with high visibility and ample parking available for lease.
      1933 E University Dr, Mesa, AZ 85203
      View Details

    FAQs

    What type of property is this?
    Office units - Recently remodeled office space for lease with ample parking.
    Where is this office units located?
    The property is located at 2260 E University Dr Mesa, AZ.
    What are key features of this property?
    This property features: - Recently remodeled offices; - Large office space with polished concrete floors; - Abundant parking in lot
    (480) 522-2774
    Request Owner's contact information
    2260 E University Dr Mesa, AZ 85213
    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.
    2260 E University Dr
    Mesa, AZ 85213
    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
    2260 E University Dr Mesa, AZ 85213
    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

    We can help!
    Listing Contact
    Dallin Pace, Ccim
    Dallin Pace, Ccim
    Real Estate License ID: BR676008000
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!