Realmo Analytics

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Property profile

1160 University Dr Mesa, AZ 85203

OFF-MARKET
Grocery and convenience stores
Property ID
US07-1169964
2,465 SF 0.39 ac lot Built 1978
Last sale Nov 2015 · $400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This freestanding commercial property is situated on a large corner lot at the intersection of University and Stapely in Mesa. The building was historically operated as a convenience store and gas station and currently provides interior space that can support retail use. The site includes public parking for visitors and offers convenient access from surrounding traffic due to its corner placement, with frontage at the intersection and proximity to nearby shopping and dining areas.

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 · 2022

What does the county charge?
$7k
Tax billed · 2022
Assessed value · 2024$112k
Effective rate6.03%

Value estimate

· Nov 2026
$285k
$257k – $314k
Submarket $/SF estimate$910k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$311/SF
Submarket average, outlier-cleaned · 108 recorded sales of this use type
Observed band · Q1–Q3$133 – $658

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?
LC
Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding re...
General categoryCOMMERCIAL
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 Firm27.9
Realty agency26.2
Parking Facility13.5

Location

1160 University Dr Mesa, AZ 85203-8039
County assessor Recorded deeds · 6 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
357 Stapley, Mesa, AZ 85203-8030 $520,000 Mar 2025 2,531 SF
1455 University, Mesa, AZ 85203-8130 $1,660,000 Jan 2024 2,803 SF
2330 Horne, Mesa, AZ 85203-1863 $900,000 Mar 2023 2,240 SF
731 Mckellips, Mesa, AZ 85203-2500 $440,393 Sep 2022 2,480 SF
1128 Main, Mesa, AZ 85203-8824 $357,000 Mar 2021 2,504 SF
816 University, Mesa, AZ 85203-8033 $300,000 Jun 2020 2,400 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
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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