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    2111 University Dr Mesa, AZ 85201-5205
    Property profile & analytics

    2111 University Dr Mesa, AZ 85201-5205


    • Medical Office Space
    • 7,839 SF
    • 1.23 lot acres
    Off-Market
    Last Sale Nov 14, 2024
    $2,114,840
    Property ID
    US07-0160695
    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
    $2,325,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Steven D. Bastian / Physician / Medical Clinic
    • DR lloyd champagne / Physician
    • Michael Larsen / Physician / Medical Clinic
    • Joshua Mirrer / Physician / Medical Clinic
    • Jonathan Yang / Physician / Medical Clinic

    Property Details for 2111 University Dr

    Year built
    1973
    Construction
    CONCRETE
    Lot size
    1.23 lot acres
    Property size
    7,839 SF
    Zone code
    LC
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    135-46-117Q
    APU
    13546117Q

    Description

    This single-story, 7,553-square-foot medical office building in Mesa, Arizona, presents a unique owner-user or investment opportunity. Located at 2111 W University Dr, 85201, in Maricopa County, this Class B property sits on a spacious 53,709-square-foot lot. Completely vacant, the building offers immediate occupancy starting December 1st, 2024. Renovated in 2014, the property features a fully built-out interior, ideal for a variety of medical practices. The asking price is $2,454,725, translating to $325 per square foot. Building and monument signage are included. The property is a single-tenant building with a private ownership structure and is not subject to a ground lease. The APN is 135-46-117Q. While currently vacant, this property offers significant potential for a medical professional seeking a move-in ready space or an investor looking for a strong return. Detailed floor plans are available upon request. This is a rare opportunity to acquire a well-maintained, free-standing medical building in a desirable Mesa location.


    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,535,000
      Market price range: $1.11M - $3.04M
      AI Estimate
      $2,535,000
      Market price range: $1.11M - $3.04M
    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,055,000
      Current use
      AUTO REPAIR, GARAGE
      $3,455,000
      Change: +68% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,440,000
      Change: +19% Conversion: Difficult
      OFFICE BUILDING
      $1,740,000
      Change: -15% Conversion: Easy

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


    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.877
    Latitude
    33.4216
    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
    $12,533
    $0.00
    $0.00
    $315,242
    -
    $790,200
    $1,120,355
    $1,910,555
    More about this property
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