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Property profile & analytics
OFF-MARKET Estimated value $765,000
Office buildings

131 1st St Mesa, AZ 85201-6602

3,579 SF 0.19 ac lot Built 1973
Entity Owned Free & Clear
Property ID
US07-0977078
Property summary
AI-generated overview

This exceptional two-story office building, located at 131 W 1st Street in the heart of Downtown Mesa, Arizona, presents a unique owner/user opportunity. The 3,579 square foot building sits on an 8,250 square foot lot and is zoned for Downtown Mesa use. The property boasts 16 parking spaces, providing ample convenience for employees and clients. Currently, the building is fully furnished and offers a flexible layout suitable for a variety of office users. The first floor is easily divisible into two separate suites, presenting a potential for additional income streams. The second floor is currently occupied by a month-to-month tenant generating $1,600 in monthly rental income. This provides immediate cash flow for the new owner. Building signage is available, offering excellent visibility and branding opportunities. The asking price for this turnkey operation is $950,000. This property represents a compelling investment opportunity in a thriving downtown area, combining immediate income with significant potential for future growth and expansion. The property's prime location and versatile design make it an ideal choice for businesses seeking a prominent presence in Downtown Mesa.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1973
Construction CONCRETE
Total area 3,579 SF
Lot 0.19 ac (8,250 SF)
Zoning code C-DT
APN 138-35-042
UPID US07-0977078
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
  • Idea Source Inc Marketing & Advertising
  • V 7 Investments Llc Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$790k
Comparable Approach Comparable
$632k
Blend (final) Blend
$765k
Owner & transaction history
Dkws Development INC
Dkws Development INC
since 2025
Last sale
$890,000
7 recorded transactions
2025
$890,000
2021
$300,000
1999
$207,500
1998
Price N/A
1997
Price N/A
1996
Price N/A
1969
Price N/A
Zoning & alternative use
C-DT · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $1.1M +40.5%
Medical building $935,000 +18.1%
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