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    20 1st St Mesa, AZ 85201-6653

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    20 1st St Mesa, AZ 85201-6653


    • Office buildings
    • 5,346 SF
    • 0.59 lot acres
    Off-Market
    Last Sale Jun 28, 2024
    $1,220,000
    Property ID
    US07-0988184
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $1,220,000
    Show details
    Cap Rate Potential
    6.3%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Cactus Drywall Inc / Hardware & Home Improvement / Interior Design
    • Desert Sounds / Vocational School / Training Center
    • Thompson Consumer Law Group, PC / Law Firm
    • Southwest Physician Solutions / Medical Billing Service
    • Integrity Tax Professionals / Accounting Firm / Tax Preparation

    Property Details for 20 1st St

    Year built
    1975
    Construction
    CONCRETE
    Lot size
    0.59 lot acres
    Property size
    5,346 SF
    Zone code
    C-DT
    Property type
    Office buildings
    APN
    138-33-002
    APU
    13833002

    Description

    This exceptional office property, located at 20 W 1st Street in Mesa, Arizona (zip code 85201), offers a diverse range of workspace solutions. The building, classified as Class B, encompasses a total of 12,758 square feet and is situated in the heart of downtown Mesa's revitalization zone. The property's zoning is DC - Downtown Core District, and its APN is 138-33-002. Currently, there are six available office spaces ranging in size from 228 square feet to 3,968 square feet, catering to various business needs and sizes. The building's multiple tenancy structure provides a dynamic and collaborative environment. Its convenient location offers unparalleled access to key amenities and transportation options. Within walking distance, you'll find the Mesa Convention Center, Art Center, City of Mesa Offices, Chamber of Commerce, and Municipal Court. Just two blocks away lies the Light Rail Station, providing easy access to public transportation, as well as Main Street's vibrant retail scene, including boutiques, restaurants, and other businesses. This property presents a unique opportunity to establish a presence in a thriving and rapidly developing area of Mesa. The property is in Maricopa County and sits near the cross streets of Center and 1st Street. The building offers Executive Office, Traditional Office, and Coworking space options.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $1,220,000
      ML approach
      $1,220,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $1,280,000
      6.5%
      $1,185,000
      7%
      $1,100,000
    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,185,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,665,000
      Change: +40% Conversion: Difficult
      MEDICAL BUILDING
      $1,400,000
      Change: +18% Conversion: Easy
      RETAIL STORES
      $1,090,000
      Change: -8% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.832
    Latitude
    33.4179
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,437
    $0.00
    $0.00
    $227,783
    -
    $362,400
    $1,018,100
    $1,380,500
    More about this property
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