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Property profile & analytics

931 E Southern Ave Mesa, AZ 85204

  • Office buildings
  • 8,600 SF
  • 2.05 lot acres
For Lease
Last Sale
Aug 10, 2023
$3,420,000
Value Estimations
$3,105,000
Cap Rate Potential
Location Intelligence
Property ID
US07-0134604
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

  • Dynamic Video Solutions / Film Production / Television Studio
  • Monster Medical Billing LLC / Medical Billing Service / Business Management Consultant
  • Shoemaker CPA PC / Tax Preparation
  • Southern Executive Center / Corporate Office
  • East Valley Therapeutic Massage / Alternative Medicine Practice / Spa & Massage Center

Property Details for 931 E Southern Ave

Year built
1985
Construction
CONCRETE
Lot size
2.05 lot acres
Property size
8,600 SF
Zone code
OC
Property type
Office buildings
APN
139-14-004P
APU
13914004P

Description

This exceptional 2,400 square foot traditional office space in Mesa, Arizona, is ideally situated at 931 E Southern Ave, zip code 85204, in Maricopa County. The single-tenant suite boasts four private offices, a conference room perfect for client meetings, a convenient kitchenette, and a spacious bullpen area. Benefiting from abundant natural light, the bullpen is strategically positioned along a window line. The suite has recently undergone improvements and offers easy access directly off the parking lot on the first floor, eliminating any load factor. Covered parking is available for tenants, along with prominent signage facing Southern Avenue, ensuring high visibility for your business. The property is available immediately, with a lease term ranging from one to five years. The space is divisible to 1,200 square feet, offering flexibility to suit various business needs. The asking rate is $23 per square foot on a full-service basis. The landlord is open to considering short-term lease options. This prime location provides excellent accessibility and visibility, making it an attractive opportunity for businesses seeking a well-appointed and conveniently located office space in Mesa.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $3,835,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $2,560,000
    6.5%
    $2,360,000
    7%
    $2,195,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $2,797,000
    Market price range: $1.25M - $2.80M
    AI Estimate
    $2,797,000
    Market price range: $1.25M - $2.80M
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $1,870,000
    Current use
    AUTO REPAIR, GARAGE
    $3,790,000
    Change: +102% Conversion: Difficult
    NEIGHBORHOOD: SHOPPING CENTER
    $2,680,000
    Change: +43% Conversion: Difficult
    RETAIL STORES
    $2,255,000
    Change: +20% Conversion: Moderate
    MEDICAL BUILDING
    $2,250,000
    Change: +20% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Mesa
County
Maricopa
State
Arizona
Longitude
-111.811
Latitude
33.3928
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
$28,854
$0.00
$0.00
$398,889
-
$938,900
$1,478,610
$2,417,510
More about this property
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