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    1615 W University Dr Tempe, AZ 85281

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    For Lease
    $1.50 SF/Yr

    Industrial/Flex & Office suites available for immediate occupancy.

    Property size:
    1,728 SF
    Lot size:
    5.30 Acres

    Property Features for 1615 W University Dr

    General Information

    Size
    1,728 SF
    Lot size
    5.30 Acres

    Source: Colliers | Phoenix Agent Keri Scott

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Industrial/Flex & Office Space Available

    This property offers approximately 64,072 square feet of industrial, flex, and office space. Available suites range from approximately 1,717 to 1,750 square feet, suitable for immediate occupancy. The suites feature varying percentages of office buildouts and are equipped with both HVAC and evaporative cooling systems. The landlord maintains the HVAC and evaporative cooling systems as part of the operating expenses. The property includes 3-phase power and a parking ratio of 3.46 spaces per 1,000 square feet. Grade-level loading is available. The property has frontage on University Drive. Extensive exterior improvements are planned for the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Healthwaves Corporate Wellness Doctor Bushwalker Bags Medical Supply Store Ari Med Pharmaceuticals ... Pharmaceutical Company All Aloha Plumbing ... Plumber SMW Refrigeration and Heating, ... Hvac Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    AZ School Meals, Morrison Catering, Arizona Party Wizards, AZ Inspirations Catering, Santa Barbara Catering Co

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9652526
    Latitude
    33.4211779

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    FAQs

    What type of property is this?
    Flex space - Industrial/Flex & Office suites available for immediate occupancy.
    Where is this flex space located?
    The property is located at 1615 W University Dr Tempe, AZ.
    What is the lease rate?
    The lease rate is $1.50 SF/Yr.
    What are key features of this property?
    This property features: - Suites ready for immediate occupancy; - Extensive exterior improvements planned; - 100% HVAC & Evap spaces with Landlord maintenance included in opex
    (602) 386-7153
    Request Owner's contact information
    1615 W University Dr Tempe, AZ 85281
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    Tempe, AZ 85281
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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
    1615 W University Dr Tempe, AZ 85281
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