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    206 S Farmer Ave Tempe, AZ 85281

    For Lease
    Contact for pricing

    Retail/restaurant space in mixed-use development, Q3 2024 delivery.

    Property size:
    750 SF
    Lot size:
    1.55 Acres

    Property Features for 206 S Farmer Ave

    General Information

    Size
    750 SF
    Lot size
    1.55 Acres

    Source: SRS Real Estate Partners | Phoenix Agent Scott Ellsworth

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

    Overview

    Mixed-Use Development Retail Space

    This property offers 750 square feet of retail or restaurant space within the First + Farmer mixed-use development. The development encompasses 253,000 square feet and includes 200 modern rental units. The property is currently under construction, with an expected delivery date in Q3 2024. Its location provides convenient access to several Class A office buildings, Tempe Town Lake and Beach Park, the Tempe Trolley, and the Phoenix Light Rail. It is also located diagonally across from Culinary Drop Out at The Tempe Yard.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9447813
    Latitude
    33.4278809

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    FAQs

    What type of property is this?
    Retail space - Retail/restaurant space in mixed-use development, Q3 2024 delivery.
    Where is this retail space located?
    The property is located at 206 S Farmer Ave Tempe, AZ.
    What are key features of this property?
    This property features: - 200 modern rental units in a 253,000 SF mixed-use development.; - Walking distance to Class A office buildings, Tempe Town Lake/Beach Park, Tempe Trolley, and Phoenix Light Rail.; - Located kiddy corner to Culinary Drop Out at The Tempe Yard.
    (602) 369-1368
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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
    206 S Farmer Ave Tempe, AZ 85281
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