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    2610 E University Dr Mesa, AZ 85213
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    Property profile & analytics

    2610 E University Dr, Mesa, AZ 85213

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    • Medical Office Space
    • 17,490 SF
    • 1.30 lot acres
    For Sale
    $3,950,000
    View Listing →
    Freestanding Office in North Mesa For Sale
    $3,950,000
    17,760 SF

    Freestanding Office in North Mesa

    Freestanding office building with plentiful parking and monument signage.

    2610 E University Dr, Mesa, AZ 85213
    View Listing
    Property ID
    US07-3282346
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Robert Flanders, CRNA / Physician
    • American Vision Partners - Call Center / Eye Care Center
    • Dr. Michael Campion, MD / Ophthalmologist
    • Ethington Roger B OD / Physician
    • Dr. Taylor Thompson / Physician

    Property Details for 2610 E University Dr

    Year built
    1989
    Construction
    CONCRETE
    Lot size
    1.30 lot acres
    Zone code
    OC
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    140-10-360B
    APU
    14010360B

    Description

    This exceptional investment opportunity presents a single-tenant, net-leased freestanding office building situated on a 1.3-acre lot at 2610 E University Drive in Mesa, Arizona. Currently fully occupied by a professional office tenant, this property offers a stable income stream and significant potential for future appreciation. The building benefits from a highly visible location in an established North Mesa area, boasting prominent monument signage to ensure high visibility and attract clientele. Ample parking is available for tenants and visitors, enhancing convenience and accessibility. The property is meticulously maintained, featuring attractive and well-kept landscaping that contributes to a positive and professional image. Its strategic location provides easy access to major transportation arteries, including the Loop 202 and US 60 freeways, ensuring convenient commutes for employees and clients. The surrounding area is rich with a diverse mix of businesses, retail establishments, and medical facilities, creating a vibrant and thriving commercial environment. This turnkey investment is ideal for those seeking a stable, high-performing asset in a prime location with strong growth potential. The asking price for this exceptional property is $4,181,211. The square footage of the building is not currently available. This property offers a rare opportunity to acquire a well-positioned, income-producing asset in a desirable market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,775,000
      Market price range: $2.47M - $6.78M
      AI Estimate
      $6,775,000
      Market price range: $2.47M - $6.78M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $4,580,000
      Current use
      COMMERCIAL (GENERAL)
      $11,225,000
      Change: +145% Conversion: Easy
      RESTAURANT
      $11,195,000
      Change: +144% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $7,705,000
      Change: +68% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $5,445,000
      Change: +19% Conversion: Difficult
      RETAIL STORES
      $4,585,000
      Change: +0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.775
    Latitude
    33.4233
    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
    $18,911
    $0.00
    $0.00
    $1,064,082
    -
    $533,100
    $5,915,880
    $6,448,980

    Comparable in this City

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    • Value Estimation
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    • Value Estimation
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      11,193 SF

      2626 University Dr

      MEDICAL BUILDING
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      View Details
    • Value Estimation
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      6,207 SF

      3549 Brown Rd, Unit 6

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    • Value Estimation by Request
      1,200 SF

      2345 University Dr

      MEDICAL BUILDING
      2345 University Dr, Mesa, AZ 85213-8325
      View Details
    • Value Estimation
      $2,395,000
      7,619 SF

      2310 Brown Rd

      MEDICAL BUILDING
      2310 Brown Rd, Mesa, AZ 85213-5226
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,760 SF

      Freestanding Office Building in Mesa

      Fully occupied office building with a long-term NNN lease.
      2610 E University Dr, Mesa, AZ 85213
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      Freestanding Office in North Mesa

      Freestanding office building with plentiful parking and monument signage.
      2610 E University Dr, Mesa, AZ 85213
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      Mesa Office Building For Sale

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      Commercial Land on McKellips Road

      Commercial land with utilities, suitable for retail or restaurant.
      3037 E Mckellips Rd, Mesa, AZ 85213
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    • $730,000

      Remodeled Fourplex in Mesa Location

      Updated fourplex near shopping, dining, and commuter routes.
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      3,250 SF

      Retail Space with Pylon Signage

      Retail space available in Mesa, anchored by national tenants.
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    Similar Nearby for Lease

    • $10 SF/Yr

      Remodeled Office Space For Lease

      Recently remodeled office building with high visibility and abundant parking.
      2260 E University Dr, Mesa, AZ 85213
      View Details
    • $18 SF/Yr

      Professional Office Spaces For Lease

      Office spaces available in a well-located, landscaped building.
      2135 E University Dr, Mesa, AZ 85213
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    • $18 SF/Yr

      Professional Office Spaces For Lease

      Office spaces for lease in dominant University Dr location.
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      Mesa Office Space For Lease

      Office space available for lease in Mesa, Arizona.
      2855 E Brown Rd, Mesa, AZ 85213
      View Details
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      2,856 SF

      Retail Space on McKellips Road

      Prime retail space in high-traffic, high-income area.
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      View Details
    • Contact for pricing
      1,067 SF

      Retail Space in Mesa Center

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    View Listing
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    Mesa, AZ 85213
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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