1940 UniversityMesa, AZ 85203

  • Strip malls
  • 7,802 SF
Off market
$7,813,330 Estimated

Property Details for 1940 University

Year built
2004
Construction
CONCRETE
Lot size
0.78 AC
Property size (Sq ft)
7,802 SF
Zone code
LC
Property type
Strip malls
Property subtype
Neighborhood centers
APN
137-01-221
APU
13701221

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,635,791
    6.5%
    $3,356,115
    7%
    $3,116,392
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,435,138
    Geo Method
    $4,435,138
  • Alternative Use

    Use
    Valuation
    Residential
    $2,831,008
    Hospitality
    $2,593,188
    Educational
    $2,157,502
    Medical
    $2,231,702
    Retail
    $3,356,115

Location Insight

City
Mesa
County
Maricopa
State
Arizona
Latitude
33.4231
Longitude
-111.789
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
$30,905
-
-
$391,168
-
$630,000
$1,740,713
$2,370,713

Property Visit Statistics

  • Visits by month
    14.7k
  • Visitors by month
    11.9k
  • Avg Time on site
    15 min

FAQs

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