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    8240 S River Pkwy Tempe, AZ 85284

    For Sale
    Contact for pricing

    Brand new 135,000 RSF shell building with parking garage.

    Property size:
    135,000 SF
    Lot size:
    16.48 Acres

    Property Features for 8240 S River Pkwy

    General Information

    Size
    135,000 SF
    Lot size
    16.48 Acres

    Source: Lee & Associates | Phoenix Agent Andrew Cheney

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

    Overview

    New Shell Building in ASU

    This is a brand new shell building located in ASU Research Park. The property features 135,000 rentable square feet of space within a 4-story building. It includes a self-contained parking garage with 250 stalls. The building offers unlimited lab potential, with an additional 800 square feet of lab space featuring 27-foot clear heights. Back-up generators are in place, and the property includes roll-up doors.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.897944
    Latitude
    33.349189

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    FAQs

    What type of property is this?
    Office building - Brand new 135,000 RSF shell building with parking garage.
    Where is this office building located?
    The property is located at 8240 S River Pkwy Tempe, AZ.
    What are key features of this property?
    This property features: - Brand new +135,000 RSF shell building in ASU Research Park.; - Self-contained parking garage with 250 stalls.; - Unlimited lab potential with an additional 800 RSF of lab space.
    (602) 488-4000
    Request Owner's contact information
    8240 S River Pkwy 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
    8240 S River Pkwy Tempe, AZ 85284
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