Class A Office
For Sale
Contact for pricing
1095 W Rio Salado Pkwy, Tempe, AZ 85281
Class A office building constructed in 2006, offering GID zoning in the City of Tempe.
Property Size10,399 SF
Price / SF$340
Days on Market451
Property Features for 1095 W Rio Salado Pkwy
General Information
Standard status
Active
Size
10,399 SF
Property subtype
OFFICE
Listing Agency:
Lee & Associates | Phoenix
(602) 474-9503
Listed By:
Carter Gerardo
(602) 478-4600
Source:
Moodyscre
Added: May 8, 2025
Changed: Jul 25
Last Checked: Aug 1 at 9:44AM
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 Lee & Associates | Phoenix
Investment Insights
Based on property information with market context.
This Class “A” office building was constructed in 2006 and is available for sale. It is identified as GID zoning under the City of Tempe.
The property is located less than 2 miles from Sky Harbor. It is across from the Tempe Center of the Arts, with access to valley freeways.
At approximately 10,399 square feet, the offering provides a defined office building footprint suitable for an owner-occupant or an investor looking for a Class A office asset.
The property is located less than 2 miles from Sky Harbor. It is across from the Tempe Center of the Arts, with access to valley freeways.
At approximately 10,399 square feet, the offering provides a defined office building footprint suitable for an owner-occupant or an investor looking for a Class A office asset.
Key Highlights
- Class A office building constructed in 2006
- GID zoning in the City of Tempe
- Less than 2 miles from Sky Harbor
Financial Insights For Office B
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 | $315.7k | $30.36 |
| − Vacancy | −$67.9k | −$6.53 |
| EGI | $247.8k | $23.83 |
| − OpEx | −$62.0k | −$5.96 |
| NOI | $185.9k | $17.87 |
10,399 SF · lease $30.36/SF/yr · vacancy 21.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.66M
$2.32M – $3.10M
NOI $185,876 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.27M
$2.86M – $3.82M
NOI $228,907 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Explore this area
Business Placement
Demographics for 85281, AZ
69,218
Population
32,475
Households
2.1
Avg Household Size
26
Median Age
49%
College-Educated
91%
High-School Grad
13.3 sq mi
ZIP Area
5,204
Density / Sq Mi
$59,084
Median Household Income
$32,805
Median Earnings
$1,531
Median Rent
$364,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Class A office building constructed in 2006, offering GID zoning in the City of Tempe.
Where is this office building located?
The property is located at 1095 W Rio Salado Pkwy Tempe, AZ.
What is the asking price?
The asking price for this property is $3,535,660.
What are key features of this property?
This property features: Class A office building constructed in 2006; GID zoning in the City of Tempe; Less than 2 miles from Sky Harbor
