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    7305 Kyrene Rd Tempe, AZ 85283

    Sponsored
    For Sale
    $4,700,000

    1.32-acre property, high-value potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 12,220 square-foot property located at 7305 S Kyrene Road in Tempe, Arizona presents a unique owner-user or add-value investment opportunity. Situated on a sizable 1.32-acre lot, the property is zoned I-1 (Light Industrial), offering considerable flexibility for a variety of uses. Originally constructed in 2000 as a retail strip center, the building has a proven track record of accommodating diverse tenants, including FedEx, office spaces, and a Pilates studio. Currently operating as a boxing gym, the property's adaptability is a key selling point. The I-1 zoning allows for a wide range of permitted uses, including medical clinics, significantly expanding the potential tenant pool. Furthermore, the property is eligible for retail permits and various special use permits, opening doors for repositioning or redevelopment to capitalize on the growing Tempe market. This presents a rare chance to acquire a well-located, versatile property with significant upside potential in a thriving area. The substantial lot size and flexible zoning make this an ideal asset for investors seeking a strong return on investment or businesses looking for a custom-designed space.

    Property Features for 7305 Kyrene Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    57,499 SF

    Building Details

    Year Built
    2000
    Property Profile Location Intelligence

    Current Use by Public Records

    JAB Fitness Gym JAB Media Wholesaler Mir CPR AED ... Gym

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9452
    Latitude
    33.35264

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    FAQs

    What type of property is this?
    Commercial real estate - 1.32-acre property, high-value potential.
    Where is this commercial real estate located?
    The property is located at 7305 Kyrene Rd Tempe, AZ.
    What is the asking price?
    The asking price for this property is $4,700,000.
    (480) 315-1240
    Request Owner's contact information
    7305 Kyrene Rd Tempe, AZ 85283
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7305 Kyrene Rd Tempe, AZ 85283
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