Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    740 S Mill Ave Tempe, AZ 85281

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space in Tempe with high pedestrian traffic.

    Property size:
    8,015 SF
    Lot size:
    5.25 Acres

    Property Features for 740 S Mill Ave

    General Information

    Size
    8,015 SF
    Lot size
    5.25 Acres

    Source: Edge Realty Partners - Phoenix Agent LeDonna Spongberg

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

    Overview

    Retail Space in High-Traffic Area

    This retail space is situated in a vibrant and walkable street environment characterized by high pedestrian foot traffic. The location benefits from an extremely high daytime population, with over 612,000 people within a 5-mile radius. The property is part of the City of Tempe's $20 million Mill Ave Renovation Project. Within one mile of Centerpoint, there are 1,378 hotel rooms that have been delivered, are under construction, or are in the planning stages over the last 36 months. The property offers 8,015 square feet of retail space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Dragon Tea Bubble Tea Store Audacious Studios Advertising Agency University Sports Grill Bar & Grill Dr Pattoff Inc Doctor Dorrance Scholarship Programs Association Or Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9404236
    Latitude
    33.4226766

    Nearby Similar for Lease

    • $31 SF/Yr
      77 SF

      Tempe Office Building For Lease

      Two-story office building with mountain views and convenient highway access.
      8950 S 52Nd St, Tempe, AZ 85284
      View Details
    • Contact for pricing
      3,340 SF

      Restaurant Space Near I-10 Freeway

      Second-generation restaurant space in a high-traffic Tempe location.
      8905 S Harl Ave, Tempe, AZ 85284
      View Details
    • $1,795 /Mo
      1,036 SF

      Upgraded Tempe Townhome with Patio

      Desirable Tempe corner unit with upgrades, patio, and community pool.
      2124 E 10Th St, Tempe, AZ 85281
      View Details
    • $16 SF/Yr
      188,960 SF

      Two-Story Office Buildings in Tempe

      Two well-maintained office buildings with future development potential.
      8550 S Priest Dr, Tempe, AZ 85284
      View Details
    • Contact for pricing
      1,200 SF

      Tempe Office Space For Rent

      Multi-tenant professional office building near ASU and Downtown Tempe.
      2525 S Rural Rd, Tempe, AZ 85282
      View Details
    • Contact for pricing
      30,408 SF

      Tempe Office Building For Rent

      30,408 SF office building in Tempe, Arizona for rent.
      401 W Baseline Rd, Tempe, AZ 85283
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in Tempe with high pedestrian traffic.
    Where is this retail space located?
    The property is located at 740 S Mill Ave Tempe, AZ.
    What are key features of this property?
    This property features: - High volume pedestrian foot traffic in a vibrant, walkable street environment.; - Extremely high Daytime Population (+612,000) within a 5 Mile Radius.; - Part of the City Of Tempe's $20 Million Mill Ave Renovation Project.
    (480) 650-8434
    Request Owner's contact information
    740 S Mill Ave Tempe, AZ 85281
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    740 S Mill Ave
    Tempe, AZ 85281
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    740 S Mill Ave Tempe, AZ 85281
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.