Financial
Distress signals
Property profile

1102 E University Dr Mesa, AZ 85203

FOR LEASE
Other individual retail properties
Property ID
US07-0736637
760 SF 0.46 ac lot Built 1972
Last sale Dec 2025 · $750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 2,800-square-foot office suite with a professional interior layout and refreshed interior finishes. The space includes wood-look flooring, modern interior finishes, bright interior conditions, and custom accent walls, along with energy-efficient improvements. Exterior features include access to a central courtyard with a decorative fountain as a shared outdoor area. The property is located in Mesa with access to US-60 and Loop 202 and is within the Mesa Downtown District. The site provides

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value · 2024$89k
Effective rate5.61%

Value estimate

· Sep 2026
$480k
$432k – $528k
NOI build-up
Gross scheduled income$90k
Vacancy & credit loss−$19k
Operating expenses−$18k
NOI · 281,378.95% cap applied$53k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
281,378.95%
$53k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
RM-4
To provide areas for a variety of housing types at densities of up to 43 units per gross acre. Designators are used to denote variations ...
General categoryMIXED_USE
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm27.2
Realty agency25.5
Cafe & Coffee Shop12.7

Location

1102 E University Dr Mesa, AZ 85203
County assessor Recorded deeds · 3 transfers 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 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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