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    1515 W University Dr Tempe, AZ 85281

    For Lease
    $1.45 SF/Yr ($679 /Mo)

    Move-in ready flex space with convenient access to amenities.

    Property size:
    5,622 SF
    Lot size:
    7.08 Acres

    Property Features for 1515 W University Dr

    General Information

    Size
    5,622 SF
    Lot size
    7.08 Acres

    Source: CBRE | Phoenix Agent Andrew Brigham

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

    Overview

    Tempe Flex Space Available

    This flex space is move-in ready and features building signage available with University frontage. The property offers a parking ratio of 4 to 5 spaces per 1,000 square feet, with covered parking available. The location is approximately 5 minutes from Sky Harbor International Airport and approximately 3 minutes from Arizona State University. The property features lush landscaping and a garden courtyard environment. The space includes extensive, high-quality built-out features with above-standard window coverage. The property contains 5,622 square feet.
    Location Intelligence

    Current Use by Public Records

    Phoenix International Frt ... Freight Forwarding Service Prime Controls, LP Corporate Office A1 Garage Door ... Garage Door Supplier HORIBA Instruments Inc. Manufacturer Consolidated Maintenance Solutions Construction Company

    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
    -111.963151
    Latitude
    33.421896

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    FAQs

    What type of property is this?
    Flex space - Move-in ready flex space with convenient access to amenities.
    Where is this flex space located?
    The property is located at 1515 W University Dr Tempe, AZ.
    What is the lease rate?
    The lease rate is $1.45 SF/Yr.
    What are key features of this property?
    This property features: - Excellent location, just ±5 minutes to Sky Harbor International Airport and ±3 minutes to Arizona State University; - 4-5/1,000 SF parking ratio with covered parking available; - Extensive, high-quality built-out with above-standard window coverage
    (602) 228-1331
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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
    1515 W University Dr Tempe, AZ 85281
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