507 E University Dr, Mesa, AZ 85203

Retail · Mesa · Phoenix metro, AZ

One of 2,288 reachable retail buildings in Mesa. Larger than 73% of retail buildings in Mesa (median 5,211 SF), derived from assessor records.

County gross building area
10,752 SF, Maricopa County Assessor
Lot size
31,942 SF, Maricopa County Assessor
Year built
1971, Maricopa County Assessor
Stories
1, Maricopa County Assessor
Buildings on parcel
2, Maricopa County Assessor
Predominant use
Retail Strip Center, Maricopa County Assessor
Assessed value
$1,087,849, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$101.18/SF, derived from assessor records
Building area / lot
0.34, derived from assessor records
Vintage
1970s vintage
County use code
RETAIL STRIP CENTER

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: $1.5M (estimated market value), with a likely range of $1.2M to $1.78M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $1,087,849 times a 1.38 market ratio, measured from 3891 verified arm's-length sale prices vs county values (retail sales in Mesa, through 2026-06-29). Not an appraisal. How this estimate works.

lower confidence: 37 comparable sales within 3 miles; nearest 0.5 mi. This property type carries wider measured error; treat the estimate as a starting point.

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 37 nearby verified sales are shown. Buyer and seller names are withheld. Get this data via API.

Market context: Retail in Mesa

median verified sale $268.13/SF over the trailing 24 months; 54 sales in the last 12 months and 111 in 24 (newest verified sale 2026-04); the middle 80% of recent sales traded at 0.80x to 2.41x their county full cash value, median 1.38x (109 sales with usable county values).

  • 2022: $302.66/SF median (54 sales)
  • 2023: $217.71/SF median (43 sales)
  • 2024: $243.31/SF median (45 sales)
  • 2025: $288.31/SF median (61 sales)
  • 2026 YTD: $261.64/SF median (12 sales)

This estimate sits at 1.38x county full cash value, the 50th percentile of those recent sale premiums.

Computed from 849 verified arm's-length sales in Maricopa County public records (111 in the trailing 24 months). Free public records. Not an appraisal.

Last sold: 2016-12-01 for $490,000 (recorded arm's-length sale).

Current ownership dates to 2016 (about 10 years) per recorded transfers.

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

Value over time

$0$500K$1M$1.5M$2M20262027$1.5M$1.09MCounty assessed value

Dark line: county assessed value per Maricopa County tax rolls. Diamonds: recorded arm's-length sales.

Land, site, and value history

Assessed value moved from $1,081,203 (2026) to $1,087,850 (2027), up 1% over 1 years, per county tax rolls. The 2027 roll splits $1,087,850 into $376,300 land and $711,549 improvements.