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    405 W University Dr Tempe, AZ 85281

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    For Lease
    $35 SF/Yr ($7,291 /Mo)

    Located in Downtown Tempe near ASU's Main Campus.

    Property size:
    2,500 SF
    Lot size:
    0.57 Acres

    Property Features for 405 W University Dr

    General Information

    Size
    2,500 SF
    Lot size
    0.57 Acres

    Source: ORION Investment Real Estate Agent J.T. Taylor

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

    Overview

    Tempe Restaurant/Retail Space Available

    Located in Downtown Tempe near Arizona State University's Main Campus, this property offers both restaurant and retail space. The property includes endcap and second-generation restaurant spaces. Monument signage is available. The location provides easy access to Loop 202 Freeway. The property size is 2,500 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Loving Hut - University ... Vegan Restaurant Wild Side Smoke ... Vaporizer Store Resale Therapy Thrift Store

    Suggested Use

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

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

    Similar Places Nearby

    Santa Barbara Catering Co, Artisan by Santa Barbara Catering, ASU Catering Services, Aramark

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9453933
    Latitude
    33.4215595

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    FAQs

    What type of property is this?
    Restaurant - Located in Downtown Tempe near ASU's Main Campus.
    Where is this restaurant located?
    The property is located at 405 W University Dr Tempe, AZ.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: - Located in Downtown Tempe near ASU’s Main Campus; - Second Generation Restaurant Space Available; - Endcap Space Available
    (480) 225-6484
    Request Owner's contact information
    405 W University Dr 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
    405 W University Dr Tempe, AZ 85281
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