Technical
Financial
Distress signals
Property profile

2111 University Dr Mesa, AZ 85201

OFF-MARKET
Medical Office Space
Property ID
US07-0160695
7,839 SF 1.23 ac lot Built 1973
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1973
Construction CONCRETE
Total area 7,839 SF
Lot 1.23 ac (53,709 SF)
Zoning code LC
APN 135-46-117Q
UPID US07-0160695

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Physician
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician Medical Clinic

Location

2111 University Dr Mesa, AZ 85201-5205
Mesa metro Census 421303 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.54M
Blend (final) Blend
$2.33M

Owner & transaction history

since 2025
Last sale
$2.1M
5 recorded transactions
2025
$2.1M
2019
$2.0M
2012
$447,340
2004
$680,000
1969
Price N/A

Zoning & alternative use

LC · Mesa, AZ
Zoning description

Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $3.5M +68.2%
Neighborhood: shopping center $2.4M +18.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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