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35 Alma School Rd Mesa, AZ 85201-7043

OFF-MARKET Office buildings Google Maps
4,641 SF 0.31 ac lot Built 1974
Trust Owned 25-yr Hold Free & Clear
Estimated value (blended)
$540k
Range $486k – $594k (±10%)
Property ID US07-1543550

Property summary

AI-generated overview

This 10,050 square foot Class C office building at 35 N Alma School Rd, Mesa, AZ 85201, offers multiple tenancy options in a vibrant location. The property features traditional office spaces, executive suites, and coworking opportunities, with available spaces ranging from 190 to 430 square feet. The minimum divisible space is 190 square feet, and currently, 190 square feet are vacant. Located on Alma School Road, the building benefits from excellent visibility and high traffic counts. Its strategic position adjacent to the Alma School Road light rail station provides easy access for commuters throughout the valley, connecting tenants to the numerous offices, shops, restaurants, museums, and cultural attractions in the Mesa Downtown Focus project area. The property is zoned C-2 and situated in Maricopa County, north of the intersection of Alma School Road and Main Street. Monthly rental rates range from $200 to $538, depending on the size of the space. This presents a unique opportunity for businesses seeking a well-located and versatile office space in a thriving area of Mesa.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1974
Construction CONCRETE
Total area 4,641 SF
Lot 0.31 ac (13,721 SF)
Zoning code LC
APN 135-53-032B
UPID US07-1543550

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
  • Insurance Agency
  • Auto Parts Store
  • Training Center Vocational School
  • Employment Agency
  • Counselor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$871k
Blend (final) Blend
$540k

Owner & transaction history

since 2000
3 recorded transactions
2000
Price N/A
1987
$305,000
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
Neighborhood: shopping center $1.4M +40.5%
Medical building $1.2M +18.1%

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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