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Property profile & analytics
OFF-MARKET Estimated value $2,960,000
Office buildings

1045 University Dr Mesa, AZ 85203-8000

5,870 SF 0.52 ac lot Built 1984
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US07-0984233
Property summary
AI-generated overview

This exceptional executive office space, located at 1045 E University Dr in Mesa, Arizona, offers 1,500 square feet of versatile workspace. The property features multiple tenancy options, perfect for businesses of all sizes seeking a strategic location in the heart of Mesa. Enjoy easy access to major businesses, dining, and a vibrant local scene, with convenient proximity to the 101 and 202 freeways. The building boasts state-of-the-art amenities including high-speed internet, modern meeting rooms, 24/7 access, on-site security, and all-inclusive utilities. Flexible lease terms are available to accommodate various business needs and growth plans. Beyond traditional office suites, virtual office options are also available, providing a professional business address, mail handling, and on-demand meeting rooms for businesses seeking a cost-effective solution. This property in Maricopa County, zip code 85203, presents a unique opportunity to establish or expand your business in a dynamic and convenient location. The space is designed to foster innovation and collaboration, providing a premium work environment for success.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1984
Construction CONCRETE
Total area 5,870 SF
Lot 0.52 ac (22,521 SF)
Zoning code RM-4
APN 138-20-025A
UPID US07-0984233
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Jeffrey G. Mallory, DC Alternative Medicine Practice
  • Your Mesa Chiropractor Alternative Medicine Practice
  • Victory Recovery Counselor
  • Bellagio Plaza East University Drive Real Estate Agency
  • Live Well Acupuncture & Chiropractic Center Medical Clinic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.96M
Owner & transaction history
1045 E University Dr LLC · 1 yrs held
1045 E University Dr LLC
since 2025
Last sale
$4.1M
7 recorded transactions
2025
$4.1M
2025
$1.3M
2024
$725,000
2023
$970,000
2021
$600,000
2017
$315,000
1969
Price N/A
Zoning & alternative use
RM-4 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $3.8M +248.0%
Restaurant $3.8M +247.1%
Auto repair, garage $2.6M +139.0%
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