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    2166 E University Dr Tempe, AZ 85281

    For Lease
    $33 SF/Yr ($11,049 /Mo)

    Retail space available on University Drive near ASU.

    Property size:
    4,018 SF
    Lot size:
    1.24 Acres

    Property Features for 2166 E University Dr

    General Information

    Size
    4,018 SF
    Lot size
    1.24 Acres

    Source: Rein & Grossoehme Agent Jared Lively

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

    Overview

    University Drive Retail Opportunity

    This 4,018 square foot property is located directly on University Drive, adjacent to the 101 and Price Road. The property benefits from its proximity to Arizona State University and a substantial daytime employment population. Signage opportunities include three-sided building signage and monument signage. The property includes a new 12-foot hood system and a 1,500-gallon grease trap. This space is suitable for restaurants and retail properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Delta Wye Electric Electrician Alpha Realty Real Estate Agency

    Suggested Use

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

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

    Similar Places Nearby

    The Chicken Coop AZ, Phx Lechon Roasters, Diamond Caddy, LoFi's CryoMarket // Premium. Frozen. Eats., NURISH fresh eats.

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.8932052
    Latitude
    33.4225991

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    FAQs

    What type of property is this?
    Restaurant - Retail space available on University Drive near ASU.
    Where is this restaurant located?
    The property is located at 2166 E University Dr Tempe, AZ.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    What are key features of this property?
    This property features: - Prime location directly on University Dr next to the 101/Price Road.; - New 12’ Hood System and 1,500 gallon grease trap.; - 3 Sided Building Signage and Monument signage available.
    (480) 214-9400
    Request Owner's contact information
    2166 E 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
    2166 E University Dr Tempe, AZ 85281
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