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    1215 W Rio Salado Pkwy Tempe, AZ 85281

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    For Lease
    $24 SF/Yr ($14,728 /Mo)

    Office space near Tempe Town Lake, ASU, and Mill Avenue.

    Property size:
    7,364 SF
    Lot size:
    5.75 Acres

    Property Features for 1215 W Rio Salado Pkwy

    General Information

    Size
    7,364 SF
    Lot size
    5.75 Acres

    Source: JLL | Phoenix Agent Mark Gustin

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

    Overview

    Modern Tech Space Near ASU

    This 7,364-square-foot office space is located near the Tempe Center for the Arts and offers convenient access to Loops 202 and 101. It is situated 1.4 miles from Phoenix Sky Harbor International Airport and overlooks the Rio Salado area and Tempe Town Lake. Several hotels are located nearby, including The Buttes, Mission Palms, Fiesta Inn, and Aloft Tempe. The property is near the Valley Metro Light Rail, Mill Avenue District, Downtown Tempe, and ASU, and Tempe Marketplace. Fiber is provided by Cox Communications.
    Location Intelligence

    Current Use by Public Records

    ResiCentral Mortgage Lender Caruso Turley Scott ... Structural Engineer TynanGroup LP Real Estate Developer Dr. Michael Golding Dentist FXRX Inc: Sumit ... Orthopedic Surgeon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9558275
    Latitude
    33.4302515

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    FAQs

    What type of property is this?
    Office space - Office space near Tempe Town Lake, ASU, and Mill Avenue.
    Where is this office space located?
    The property is located at 1215 W Rio Salado Pkwy Tempe, AZ.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Premier Location: Adjacent to Tempe Center for the Arts, overlooking Rio Salado and Tempe Town Lake.; - Convenient Transportation: Easy access to Loops 202 & 101, 1.4 miles from Phoenix Sky Harbor Airport, and near Valley Metro Light Rail.; - Proximity to Key Destinations: Close to Mill Avenue District, Downtown Tempe, ASU, and Tempe Marketplace.
    (602) 282-6300
    Request Owner's contact information
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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
    1215 W Rio Salado Pkwy Tempe, AZ 85281
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