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Property profile & analytics
OFF-MARKET Estimated value $785,000
Retail space

1906 Higley Rd Mesa, AZ 85205-3306

3,450 SF 0.49 ac lot Built 2006
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US07-0589767
Property summary
AI-generated overview

This exceptional 3,750 square foot office building, located at 1906 N Higley Rd in Mesa, Arizona (zip code 85205, Maricopa County), presents a lucrative investment opportunity. Built in 2006 and extensively renovated in 2023, this single-story building boasts a modern design and high-quality finishes. The property is zoned L1 and features nine individual units, currently operating at 65% occupancy. The asking price is $1,150,000, translating to a price per square foot of $360. The net rentable area is 3,750 square feet, spread across a single building. The current owner occupies approximately 2,000 square feet, utilizing the space for their real estate and software businesses. Convenient amenities for tenants include a shared conference room and a common kitchen area equipped with a refrigerator and microwave. This property offers a blend of established tenancy and potential for increased revenue through lease-up of the vacant units. The property's strategic location in Mesa, Arizona, ensures easy access to major transportation routes and a thriving business community. This is a rare opportunity to acquire a well-maintained, high-performing office building in a desirable market. The APN is 141-35-048.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2006
Construction CONCRETE
Total area 3,450 SF
Lot 0.49 ac (21,523 SF)
Zoning code I-1
APN 141-35-048
UPID US07-0589767
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
  • Dande CRE Construction Company General Contractor
  • The Elite Concrete Team Construction Company General Contractor
  • ChangeSync (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.03M
Blend (final) Blend
$785k
Owner & transaction history
Dandecre LLC · 1 yrs held
Dandecre LLC
since 2025
Last sale
$735,000
7 recorded transactions
2025
$735,000
2023
$610,000
2021
$545,000
2019
Price N/A
2019
Price N/A
2019
Price N/A
2010
$500,887
Zoning & alternative use
I-1 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $1.1M +18.8%
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