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    1245 W Elliot Rd Tempe, AZ 85284

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    For Sale
    $23,193,000

    Strategically leased and well-maintained retail asset in Tempe, Arizona.

    Property size:
    101,864 SF
    Lot size:
    4.08 Acres

    Property Features for 1245 W Elliot Rd

    General Information

    Size
    101,864 SF
    Lot size
    4.08 Acres

    Source: Newmark | Phoenix Agent Chase Dorsett

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

    Overview

    Tempe Retail Trade Area Center

    This retail property, comprising 101,864 square feet, is located within a dominant retail trade area in Tempe, Arizona. Situated in a major employment corridor, the property is shadow-anchored to a Costco. The asset is strategically leased and well-maintained.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Donut Parlor Bakery Kyoto Bowl Asian Restaurant Rack Attack Tempe Car Accessories Store west valley barber ... Barber Supply Store U-Haul Neighborhood Dealer Truck Rental Agency

    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.

    Similar Places Nearby

    Shopping, EL Dorado Crossing, Emerald Center, Grove Parkway Plaza, Leeza’s Salon

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9579977
    Latitude
    33.3481647

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    FAQs

    What type of property is this?
    Shopping center - Strategically leased and well-maintained retail asset in Tempe, Arizona.
    Where is this shopping center located?
    The property is located at 1245 W Elliot Rd Tempe, AZ.
    What is the asking price?
    The asking price for this property is $23,193,000.
    What are key features of this property?
    This property features: - Shadow Anchored to Costco; - Located in a Dominant Tempe Retail Trade Area; - Major Employment Corridor
    (602) 952-3800
    Request Owner's contact information
    1245 W Elliot Rd Tempe, AZ 85284
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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
    1245 W Elliot Rd Tempe, AZ 85284
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