Technical
Financial
Distress signals
Property profile

3940 University Dr Mesa, AZ 85205

OFF-MARKET
Medical Office Space
Property ID
US07-2241625
3,992 SF 0.42 ac lot Built 1988
Entity Owned 30-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1988
Construction CONCRETE
Total area 3,992 SF
Lot 0.42 ac (18,473 SF)
Zoning code OC
APN 140-73-001B
UPID US07-2241625

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 Medical Clinic
  • Employment Agency
  • Physician
  • Employment Agency

Location

3940 University Dr Mesa, AZ 85205-6912
Mesa metro Census 420706 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.47M
Blend (final) Blend
$710k

Owner & transaction history

Zoning & alternative use

OC · Mesa, AZ
Zoning description

Office Commercial (OC). To provide areas for small-scale medical and professional offices intended to serve the community and remain compatible with adjacent residential areas. 5.

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.8M +68.2%
Neighborhood: shopping center $1.2M +18.9%
Retail stores $1.0M +0.1%

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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