45 W University Dr, Mesa, AZ 85201

Commercial · Mesa · Phoenix metro, AZ

One of 314 reachable commercial buildings in Mesa. Larger than 11% of commercial buildings in Mesa (median 22,588 SF), derived from assessor records.

County gross building area
2,210 SF, Maricopa County Assessor
Lot size
8,584 SF, Maricopa County Assessor
Year built
1980, Maricopa County Assessor
Stories
1, Maricopa County Assessor
Predominant use
Municipal Commercial Property, Maricopa County Assessor
Assessed value
$399,580, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$180.81/SF, derived from assessor records
Building area / lot
0.26, derived from assessor records
Vintage
1980s vintage
County use code
MUNICIPAL COMMERCIAL PROPERTY

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

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Sale history and market context

MakeMe Estimate: $577K (estimated market value), with a likely range of $461K to $684K (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $399,580 times a 1.44 market ratio, measured from 3891 verified arm's-length sale prices vs county values (commercial sales in Mesa, through 2026-06-29). Not an appraisal. How this estimate works.

lower confidence: 6 comparable sales within 3 miles; nearest 0.4 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is well above (more than double apart from) the $115.37/SF median of the shown comparable sales.

Comparable sales used as evidence

Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. The strongest 5 of 6 nearby verified sales are shown. Buyer and seller names are withheld. Get this data via API.

Market context: Commercial in Mesa

median verified sale $224.15/SF over the trailing 24 months; 5 sales in the last 12 months and 9 in 24 (newest verified sale 2026-03); the middle 80% of recent sales traded at 0.60x to 2.35x their county full cash value, median 1.55x (9 sales with usable county values).

  • 2022: $209.19/SF median (5 sales)
  • 2024: $266.51/SF median (4 sales)

This estimate sits at 1.44x county full cash value, the 44th percentile of those recent sale premiums.

Computed from 73 verified arm's-length sales in Maricopa County public records (9 in the trailing 24 months). Free public records. Not an appraisal.

Current ownership dates to 2004 (about 22 years) per recorded transfers.

Source: Maricopa County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.