Tempe Industrial Flex
For Sale
Contact for pricing
1005 W Geneva Dr, Tempe, AZ
Industrial flex building with data center space for sale.
Property Size15,707 SF
Lot Size0.85 Acres
Price / SF$268.61
Days on Market304
Property Features for 1005 W Geneva Dr
General Information
Standard status
Active
Size
15,707 SF
Lot size
0.85 Acres
Property subtype
FLEX_R_AND_D
Listing Agency:
Colliers | Phoenix
(602) 692-5100
Listed By:
Don MacWilliam, SIOR
(602) 692-5100
Source:
Moodyscre
Added: Sep 30, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Phoenix
Investment Insights
Based on property information with market context.
The property at 1005 West Geneva Drive in Tempe, Arizona, is an industrial flex building suitable for data center or manufacturing use. The building has a total area of approximately 15,070 square feet and is situated on a lot of about 0.85 acres. The building features full HVAC and fire sprinklers. The property includes approximately 12,000 square feet of raised flooring in the data center space. The property has the potential for a double truckwell.
Key Highlights
- ±12,000 SF raised floor in data center space
- 100% HVAC with fire sprinklers
- Industrial Flex / Data Center / Manufacturing Building
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $273.3k | $17.40 |
| − Vacancy | −$16.4k | −$1.04 |
| EGI | $256.9k | $16.36 |
| − OpEx | −$89.9k | −$5.72 |
| NOI | $167.0k | $10.63 |
15,707 SF · lease $17.40/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.39M
$2.09M – $2.78M
NOI $166,987 @ 7.0% cap · market cap 3.96%
Second Best
Industrial
$2.04M
$1.79M – $2.38M
NOI $142,929 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$4.94M
$4.32M – $5.76M
NOI $345,749 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
885
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Five Stars Pizza Party — 3400 S Mill Ave UNIT 120, Tempe, AZ 85282
- Firehouse Subs Arizona Mills Mall — 5000 S Arizona Mills Cir Suite 655, Tempe, AZ 85282
- Nite Wings — located @ caribbean palm, 3134 s mill ave, tempe, az 85282
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex building with data center space for sale.
Where is this flex space located?
The property is located at 1005 W Geneva Dr Tempe, AZ.
What is the asking price?
The asking price for this property is $4,219,000.
What are key features of this property?
This property features: ±12,000 SF raised floor in data center space; 100% HVAC with fire sprinklers; Industrial Flex / Data Center / Manufacturing Building
