$350,000

1550 E University Dr Unit L1,2,3 Mesa, AZ 85203

Mesa Patios Neighborhood

Estimated payment $2,001/month

Total Views 1,355
-- Bed
-- Bath
1,998 Sq Ft
$175 Price per Sq Ft

Highlights

  • Central Air
  • Concrete Flooring
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

Exceptional opportunity to own a versatile commercial building featuring three separate office suites, each with its own private bathroom. This well-maintained property includes a 645 sq ft office on L1, a spacious 721 sq ft suite on L2, and a 632 sq ft office on L3. Each unit is self-contained—ideal for owner-users, investors, or those seeking a flexible multi-tenant setup. Whether you're looking to occupy one space and lease the others, or secure a fully leased investment, this property offers endless potential in a prime location.

Listing Agent

Lethe Lew

Desert River Realty License #BR569884000 Listed on: 06/13/2025

Co-Listing Agent

Fuhan Xiang

Desert River Realty License #SA697284000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,030

Year Built

  • Built in 1976

Lot Details

  • 1,998 Sq Ft Lot
  • Block Wall Fence
  • Property is zoned C2

Parking

  • Free Parking

Home Design

  • Brick Exterior Construction
  • Foam Roof

Interior Spaces

  • 1,998 Sq Ft Home
  • Concrete Flooring

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 9,10,11
  • Assessor Parcel Number 137-39-072-A

Community Details

Overview

  • 3 Buildings
  • Stapley Dr And University Dr Subdivision

Additional Features

  • Reception Area
  • Operating Expense $9,530

Property Details

Property Type

Other

Est. Annual Taxes

$2,030

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Cross Street: GILBERT & UNIVERSITY
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: C2
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1976
  • Tax Year: 2024
  • Lot Size Acres: 0.05
  • Co List Office Mls Id: dsrv01
  • Co List Office Phone: 602-266-1238
  • Subdivision Name: Stapley Dr and University Dr
  • Structure Type: Office
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 1998.0

Exterior Features

  • Fencing: Block
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick
  • Roof: Foam

Garage/Parking

  • Parking Features: Free
  • Attached Garage: No
  • Parking Features Free: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, Heat Pump
  • Heating: Electric
  • Green Building Features: Reception Room
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Reception Room: Yes

Lot Info

  • Lot Size Sq Ft: 1998.0
  • Parcel #: 137-39-072-A

Multi Family

  • Annual Operating Expense: 9530.42

Tax Info

  • Tax Annual Amount: 2030.42
  • Tax Book Number: 137.00
  • Tax Lot: 9,10,11
  • Tax Map Number: 39.00

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2025 06/13/25 For Sale $350,000 -- $175 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6879584

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Mesa 85203 Mesa Patios

1550 E University Dr Unit L1,2,3, Mesa, AZ

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Nearby Homes
Lethe Lew
Listing Agent
Lethe Lew
Section Image
Desert River Realty
(480) 771-7351