Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    61 University Dr Mesa, AZ 85201-5942

    • Turn key restaurants
    • 7,269 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimation
    $2,440,000
    Last Sale
    Apr 15, 2022
    $2,200,000
    Location Intelligence
    Property ID
    US07-1215817
    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.

    Current Use by Public Records

    • Cayomango Steak, Seafood & Drinks / Seafood Restaurant / Restaurant

    Property Details for 61 University Dr

    Year built
    1986
    Construction
    CONCRETE
    Lot size
    0.52 lot acres
    Property size
    7,269 SF
    Zone code
    C-DT
    Property type
    Turn key restaurants
    APN
    138-60-002B
    APU
    13860002B

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,495,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,035,000
      6.5%
      $2,195,000
      7%
      $2,350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,410,000
      Geo Method
      $2,425,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,245,000
      Retail
      $2,675,000
      Mixed-Use
      $2,135,000
      Hospitality
      $2,695,000
      Educational
      $2,695,000
      Residential Income
      $2,620,000
      Energy
      $2,105,000
      Income-Based Land
      $2,405,000
      Food Service
      $2,505,000

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.829
    Latitude
    33.4219
    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
    $14,203
    $0.00
    $0.00
    $162,679
    -
    $385,200
    $600,734
    $985,934

    Comparable in this City

    • Value Estimation by Request
      1,484 SF

      1724 Main St

      RESTAURANT • 1,484 SF
      1724 Main St, Mesa, AZ 85201-6912
      View Details
    • Value Estimation by Request
      10,212 SF

      1015 Dobson Rd

      RESTAURANT • 10,212 SF
      1015 Dobson Rd, Mesa, AZ 85201-7574
      View Details
    • Value Estimation by Request
      2,695 SF

      70 Country Clb Dr

      RESTAURANT • 2,695 SF
      70 Country Clb Dr, Mesa, AZ 85201-6528
      View Details
    • Value Estimation by Request
      5,665 SF

      961 Main St

      RESTAURANT • 5,665 SF
      961 Main St, Mesa, AZ 85201-7107
      View Details
    • Value Estimation
      $6,590,000
      5,373 SF

      270 Main St

      RESTAURANT • 5,373 SF
      270 Main St, Mesa, AZ 85201-7312
      View Details
    • Value Estimation by Request
      8,262 SF

      12 Main St

      RESTAURANT • 8,262 SF
      12 Main St, Mesa, AZ 85201-7308
      View Details

    Similar Nearby for Sale

    • $1,500,000
      5,665 SF

      Mesa Restaurant Property For Sale

      Renovated restaurant building near light rail and motel.
      961 W Main St, Mesa, AZ 85201
      View Details
    • $1,950,000
      10 SF

      Historic Retail/Office Building in Mesa

      Historic, value-add retail/office building in Downtown Mesa with immediate upside.
      136 W Main St, Mesa, AZ 85201
      View Details
    • $1,685,000
      4,545 SF

      Operating Restaurant on Corner Lot

      Restaurant for sale on a corner lot with high visibility.
      105 N Country Club Dr, Mesa, AZ 85201
      View Details
    • $1,742,000
      1,670 SF

      Mesa Jiffy Lube NNN Lease

      NNN leased Jiffy Lube in Mesa, Arizona for sale.
      1945 S Country Club Dr, Mesa, AZ 85201
      View Details
    • Contact for pricing
      26,070 SF

      Retail Property Near Loop 202

      Retail property with high visibility and access to Loop 202.
      1533 N Alma School Rd, Mesa, AZ 85201
      View Details
    • $899,900
      3,774 SF

      Retail Space on Country Club

      Retail property with high visibility and flexible space.
      236 N Country Club Dr, Mesa, AZ 85201
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      4,950 SF

      Mesa Restaurant - Turnkey Opportunity

      4,950 SF Restaurant, Drive-Thru, High Traffic
      223 Brown Rd, Mesa, AZ 85201
      View Details
    • $18 SF/Yr
      8,400 SF

      Fitch Plaza Retail/Restaurant Space

      Mesa, AZ: 3,310 SF Available
      323 Brown Rd, Mesa, AZ 85201
      View Details
    • Contact for pricing
      2,400 SF

      Retail/Restaurant Space in Fiesta District

      Retail and restaurant space in a high-traffic mixed-use development.
      1130 S Alma School Rd, Mesa, AZ 85201
      View Details
    • Contact for pricing
      1,106,622 SF

      Mesa Riverview Retail Spaces

      High-traffic retail spaces available in Mesa, AZ
      202 Dobson & Loop, Mesa, AZ 85201
      View Details
    • $23 SF/Yr
      1,290 SF

      Retail Space in Downtown Mesa

      Retail space available in a sustainable, urban community.
      127 W Pepper Pl, Mesa, AZ 85201
      View Details
    • $14 SF/Yr
      1,050 SF

      Mesa Retail Space For Rent

      Retail space available with direct parking and flexible lease terms.
      58 N Country Club Dr, Mesa, AZ 85201
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    61 University Dr
    Mesa, AZ 85201-5942
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.