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    1550 University Dr Mesa, AZ 85203

    • Office buildings
    • 1,767 SF
    • 1.56 lot acres
    For Sale
    View listing
    $175,000
    Value Estimation
    Last Sale
    May 11, 2021
    $195,000
    Location Intelligence
    Property ID
    US07-0458107
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Myo Partners / Massage Therapist
    • Nogi Electric / Electrician
    • East Valley Substance Abuse / Rehabilitation Center / Pain Management Physician
    • Woods Fred E / Architect
    • Abrio Home Care Mesa / Home Health Care Service

    Property Details for 1550 University Dr

    Year built
    1976
    Construction
    CONCRETE
    Lot size
    1.56 lot acres
    Property size
    1,767 SF
    Zone code
    LC
    Property type
    Office buildings
    APN
    137-39-080A
    APU
    13739080A

    Description

    This exceptional 1,210 square foot office condo, part of the University East complex at 1550 E University Dr, Suite F2, Mesa, AZ 85203, presents a unique opportunity. Situated in a desirable Northeast Mesa location, this single-tenant space boasts a blend of modern updates and mid-century charm. Built in 1976 and extensively renovated in 2021, the property offers a functional layout within a one-story building totaling 1,767 square feet. The space features ceiling heights ranging from 8.1 to 10 feet, providing a spacious feel. The property's zoning is General Commercial, and the APN is 137-39-080-A. Conveniently located near the intersection of Stapley and University, it benefits from excellent access to the University Corridor and the revitalized Downtown Mesa area. Utilities are serviced by SRP. Parking is available (number of spaces unspecified). Property taxes are $1.05 per square foot. The property is categorized as Traditional Office, Executive Office, Medical Office, and Creative Office, making it suitable for a variety of businesses. This is an ideal location for businesses seeking a well-maintained, updated office space in a thriving area.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $200,000

    • CAP approach

      CAP return
      Estimation
      6%
      $255,000
      6.5%
      $270,000
      7%
      $270,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $320,000
      Geo Method
      $265,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $235,000
      Retail
      $300,000
      Mixed-Use
      $235,000
      Hospitality
      $280,000
      Educational
      $290,000
      Residential Income
      $315,000
      Energy
      $280,000
      Income-Based Land
      $295,000
      Food Service
      $315,000

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.797
    Latitude
    33.4228
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $1,285
    $0.00
    $0.00
    $23,711
    -
    $28,700
    $115,000
    $143,700

    Comparable in this City

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    • Value Estimation by Request
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      840 Mckellips Rd Ste, Unit 109

      OFFICE BUILDING • 5,860 SF
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    • Value Estimation by Request
      9,762 SF

      325 Stapley Dr

      OFFICE BUILDING • 9,762 SF
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      OFFICE BUILDING • 10,836 SF
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    • Value Estimation by Request
      2,006 SF

      1550 University Dr Ste L1

      OFFICE BUILDING • 2,006 SF
      1550 University Dr Ste L1, Mesa, AZ 85203-8158
      View Details

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    Similar Nearby for Lease

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    • $859 /Mo
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    1550 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
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