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    9920 W Ray Rd Tempe, AZ

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    For Lease
    Contact for pricing

    Retail space in a densely populated, affluent neighborhood.

    Property size:
    2,522 SF
    Lot size:
    3.41 Acres

    Property Features for 9920 W Ray Rd

    General Information

    Size
    2,522 SF
    Lot size
    3.41 Acres

    Source: Western Retail Advisors, LLC Agent Bryan Ledbetter

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

    Overview

    Retail Space in Affluent Area

    This 2,522 square foot retail space is located at a strong neighborhood intersection. The surrounding trade area is densely populated and affluent, with an average household income of $120,000 within a 1-mile radius. Retail availability in the area is limited. The property is suitable for grocery and convenience stores, individual retail properties, and general retail space.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

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

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

    Similar Places Nearby

    Neighborhood Services Bar + Restaurant, Lucero Rooftop Lounge and Terrace

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.93
    Latitude
    33.43

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    FAQs

    What type of property is this?
    Grocery and convenience store - Retail space in a densely populated, affluent neighborhood.
    Where is this grocery and convenience store located?
    The property is located at 9920 W Ray Rd Tempe, AZ.
    What are key features of this property?
    This property features: - Dominant grocer at the strongest neighborhood intersection.; - Dense, established, and affluent trade area.; - High Average Household Income: $120,000 within 1-mile.
    (602) 778-3747
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    9920 W Ray Rd Tempe, AZ
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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
    9920 W Ray Rd Tempe, AZ
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