This office property was built in 1962 and features Tudor-style architectural elements. It includes several open areas and an attached two-story office component with multiple windows, a private restroom, and a break room. The site also has monument signage. The property is located at 109 W University Dr in Mesa, Arizona.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?

$4k

Tax billed · 2023

Assessed value · 2024$66k

Effective rate6.48%

Value estimate

· Nov 2026

$610k

$549k – $671k

CAP approach$320k

Submarket $/SF estimate$515k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$222/SF

ZIP average, outlier-cleaned · 30 recorded sales of this use type

Observed band · Q1–Q3$96 – $356

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

DB-1

The purpose of the DB-1 District is to provide for general retailing, services, and medium-density residential uses. It is the intent of ...

General categoryCOMMERCIAL

JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?

Best fit: Dental Office

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Dental Office12.5

Tailor Shop9.4

Carpet & Flooring Store8.9

109 University Dr Mesa, AZ 85201-5829

County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby

Address Sale price Sold Size

240 Ctr, Mesa, AZ 85201-6629 $580,000 Mar 2024 2,088 SF

151 Country Clb, Mesa, AZ 85201-6521 $370,000 Aug 2022 1,418 SF

121 University, Mesa, AZ 85201-5828 $530,000 Apr 2022 1,216 SF

237 Main, Mesa, AZ 85201-7311 $475,000 Apr 2022 1,348 SF

218 Pepper, Mesa, AZ 85201-7415 $3,300,000 Mar 2022 1,462 SF

905 Country Clb, Mesa, AZ 85201-4107 $399,000 Dec 2021 1,155 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$415,000

1,216 SF

121 University Dr

OFFICE BUILDING

121 University Dr, Mesa, AZ 85201-5828

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Value Estimation
$300,000

2,078 SF

200 University Dr

OFFICE BUILDING

200 University Dr, Mesa, AZ 85201-5932

View Details
Value Estimation
$460,000

2,210 SF

45 University Dr

OFFICE BUILDING

45 University Dr, Mesa, AZ 85201-5831

View Details
Value Estimation
$800,000

920 SF

161 Main St

OFFICE BUILDING

161 Main St, Mesa, AZ 85201-7309

View Details
Value Estimation by Request
3,083 SF

25 Longmore

OFFICE BUILDING

25 Longmore, Mesa, AZ 85201-6905

View Details
Value Estimation
$825,000

3,312 SF

221 University Dr

OFFICE BUILDING

221 University Dr, Mesa, AZ 85201-5842

View Details

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Similar Nearby for Lease

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109 University Dr Mesa, AZ 85201

Property summary