Technical
Financial
Distress signals
Property profile

531 University Dr Mesa, AZ 85203

OFF-MARKET
Medical Office Space
Property ID
US07-2997527
1,404 SF 0.18 ac lot Built 1955
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1955
Construction CONCRETE
Total area 1,404 SF
Lot 0.18 ac (7,667 SF)
Zoning code RM-4
APN 138-25-092
UPID US07-2997527

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
  • Accounting Firm

Location

531 University Dr Mesa, AZ 85203-7944
Mesa metro Census 421502 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
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2024
Last sale
$270,000
3 recorded transactions
2024
$270,000
2017
$130,000
2016
Price N/A

Zoning & alternative use

RM-4 · Mesa, AZ
Zoning description

o other sections of the Zoning Ordinance, while individual letters refer to subsections that directly follow the table. Table 11-5-5: Development Standards - RM Residential Multiple Dwelling Districts Standard RM-2 RM-3…

General category MIXED_USE

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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