931 E Southern Ave Mesa, AZ 85204
- Office buildings
- 8,600 SF
- 2.05 lot acres
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
-
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
- AI Estimate
- $2,797,000
Market price range: $1.25M - $2.80MMarket 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
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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