Flex Space with Dedicated
For Sale
Contact for pricing
1107 West Ranch Road, Tempe, AZ 85284
Fenced, lit yard space accompanies remodeled offices and warehouse facilities suited to contractor operations.
Property Size16,910 SF
Lot Size3.46 Acres
Price / SF$473.09
Days on Market9
Property Features for 1107 West Ranch Road
General Information
Standard status
Active
Size
16,910 SF
Class
A
Total Parking Spaces
43
Lot size
3.46 Acres
Property subtype
Office, Industrial, Land
Zoning
GID
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
10,740 SF
Office Build-Out
6,170 SF
Dock-High Doors
1
Drive-In Doors
7
Power
600 amps
Voltage
480 V
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Amenities
Automatic Gate
Conference room
Breakroom
Building Details
Year Built
1998
Year Renovated
2020
Buildings
2
Tenancy
Single
Listing Agency:
Ross Brown Partners, Inc
(480) 362-9507
Listed By:
Clark Stokes · License #SA693655000
Source:
Crexi
Added: Aug 3
Changed: Aug 10
Last Checked: Aug 10 at 2:54AM
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 Ross Brown Partners, Inc
Investment Insights
Based on property information with market context.
This 1998 flex property combines approximately 10,740 SF of warehouse space with approximately 6,170 SF of newly remodeled office space. The warehouse includes seven 14' x 12' grade-level doors, one 14' x 12' truckwell, 16' clear height, EVAP cooling, and LED lighting. The office component provides eight private offices, a conference room, bull pen, breakroom, and two restrooms.
The property occupies 3.46 AC in Tempe and is zoned GID. Approximately 2.30 AC is configured as dedicated fenced and lit yard space, with an automatic gate and 43 parking spaces. Electrical service is 600A, 277/480 V through SRP, supporting the property's warehouse, office, and yard configuration.
The property occupies 3.46 AC in Tempe and is zoned GID. Approximately 2.30 AC is configured as dedicated fenced and lit yard space, with an automatic gate and 43 parking spaces. Electrical service is 600A, 277/480 V through SRP, supporting the property's warehouse, office, and yard configuration.
Key Highlights
- 3.46 AC lot in Tempe with GID zoning
- Approximately 2.30 AC of dedicated fenced and lit yard space
- Warehouse includes seven 14' x 12' grade‑level doors and one 14' x 12' truckwell
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$302,257
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,045,140
$6.0M
Cap Rate 7%
$4,317,957
$4.3M
Cap Rate 9%
$3,358,411
$3.4M
Market Conditions
NOI Build-Up for 16,910 SF
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.
Gross rent
$513.4K $30.36/SF
− Vacancy
−$110.4K −$6.53/SF
EGI
$403.0K $23.83/SF
− OpEx
−$100.8K −$5.96/SF
NOI
$302.3K $17.87/SF
Area
Tempe, AZ
Vacancy
21.50%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,045,140
Cap Rate 7%
$4,317,957
Cap Rate 9%
$3,358,411
Alternative Uses
Best Use
Office B
$4.32M
$3.78M – $5.04M
NOI $302,257 @ 7.0% cap · market cap 3.78%
Second Best
Warehouse
$2.67M
$2.34M – $3.11M
NOI $186,850 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$5.32M
$4.65M – $6.20M
NOI $372,230 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
1
Dock-high doors
7
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85284, AZ
18,638
Population
7,589
Households
2.5
Avg Household Size
45
Median Age
69%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
2,389
Density / Sq Mi
$154,663
Median Household Income
$64,288
Median Earnings
$2,162
Median Rent
$646,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Fenced, lit yard space accompanies remodeled offices and warehouse facilities suited to contractor operations.
Where is this flex space located?
The property is located at 1107 West Ranch Road Tempe, AZ.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: 3.46 AC lot in Tempe with GID zoning; Approximately 2.30 AC of dedicated fenced and lit yard space; Warehouse includes seven 14' x 12' grade‑level doors and one 14' x 12' truckwell
