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Property profile & analytics
OFF-MARKET
Commercial real estate
761 University Dr Mesa, AZ 85203-7961
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-1105534
Property summary
AI-generated overview
This exceptional executive office complex in downtown Mesa, Arizona, offers 6,125 square feet across two suites, situated on a 0.38-acre lot. Currently, 470 square feet are vacant, with one available suite measuring 590 square feet. Built in 1974 and zoned RM-4, the property boasts a garden-style design and is undergoing significant improvements under new ownership. Planned renovations include a complete interior suite overhaul and an upgrade to the prominent University Drive signage. Suite sizes range from 550 to 2,600 square feet, catering to diverse business needs. Lease rates are structured on a full-service basis. The property's location in the Mesa-Downtown submarket of Maricopa County provides excellent access to local amenities and transportation. This is a unique opportunity to secure office space in a revitalized complex with modern amenities and a prime location. The property's address is 761 E. University Drive, Mesa, AZ 85203.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.3 ac (12,937 SF)
Zoning code
RM-4
APN
138-23-044K
UPID
US07-1105534
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bigler Chiropractic Services Alternative Medicine Practice
-
Ralph P. Bigler, DC Alternative Medicine Practice
-
Associates In Clinical Physician Medical Clinic
-
Wayne R General PhD Consultant Psychologist
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Lightforce Chiropractic Clinic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kingdom Medical LLC · 7 yrs held
Kingdom Medical LLC
since 2019
7 recorded transactions
Zoning & alternative use
RM-4 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$812
Tax year 2023
Assessed value
$25,872
Assessed 2024
Previous assessed
$22,593
+14.5% YoY
Effective rate
3.14%
On assessed value
Land market value
$156,800
Total market value
$156,800
Applied tax rate
41,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
0.3 ac (12,937 SF)
Zoning code
RM-4
APN
138-23-044K
UPID
US07-1105534
Jurisdiction
MARICOPA
Zoning & alternative use
RM-4 · Mesa, AZ
Zoning RM-4 · permitted uses
RM-4 · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mesa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.3 ac
Current owner
From public records · entity-resolved
Kingdom Medical LLC
Entity
Free & Clear · 7 yrs held
Mailing address
119 S STAPLEY DR, MESA, AZ 85204-1129
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2019
$500,000
Kingdom Medical LLC
Selmi-general LLC
Grant Deed
—
Jul 22, 2016
$260,000
Nelric LLC
Sg Commercial LLC
Warranty Deed
$260,000 · Shreeve Trust Properties LLC
Oct 15, 2014
$225,000
Sg Commercial LLC
Martin,ernestine
Grant Deed
$100,000 · Ltad LLC
Nov 6, 2000
—
James A Martin
Martin,peggy J
Quit Claim Deed
related
—
Feb 1, 1988
$110,000
James A Martin
Chiak
Grant Deed
—
—
—
Sg Commercial LLC
—
Deed Of Trust
related
$150,000 · Private Individual
—
—
Nel Ric LLC
—
Deed Of Trust
related
$270,000 · Candice J Jesclard
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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