Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2010 E Rio Salado Pkwy Tempe, AZ 85281

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Freestanding retail space in a busy Tempe shopping center.

    Building Details

    Year built
    2007

    We can help!

    Listing Contact
    Alberto Caballero
    Source: W-retail

    Listing Agent: Alberto Caballero

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

    Learn more

    Property Insight Report

    Overview

    Tempe Retail Space Available

    This freestanding retail space is located within a 1.3 million-square-foot regional shopping center in Tempe, Arizona. The property is positioned on Loop 101 and 202, providing convenient access to the surrounding communities of Phoenix, Scottsdale, Mesa, Chandler, and Gilbert. The shopping center is identified as the #1 busiest in Arizona according to Placer.ai. The location is suitable for service and fitness users. Current tenants include Lululemon, Nike, J.Crew, and Sephora.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Donor Network of Arizona Charitable Organization Lounge 221 Barber Shop US Bank Mortgage Loan Service Men's Wearhouse Clothing & Fashion Store T-Mobile Authorized Retailer Mobile Phone Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel

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

    Similar Places Nearby

    Sunglass Hut, Tempe-Mesa Mall, Tempe Marketplace, SOAP DES JOUR

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.902872
    Latitude
    33.429301

    Nearby Similar for Sale

    • New
      $975,000

      Tempe Fourplex Investment Opportunity

      Rare Tempe fourplex near ASU with high cap rate.
      1253 W Southern Ave, Tempe, AZ 85282
      View Details
    • New
      $2,595,000

      Remodeled Multi-Unit Property Near ASU

      Four remodeled patio homes in Tempe's historic district near ASU.
      117 W 10Th St, Tempe, AZ 85281
      View Details
    • $700,000

      Renovated Duplex in Central Tempe

      Turnkey duplex with strong rental appeal in central Tempe.
      1248 E Harry St, Tempe, AZ 85288
      View Details
    • $949,995

      Tempe Triplex Near ASU

      Well-maintained triplex near ASU with strong in-place cash flow.
      1234 S Farmer Ave, Tempe, AZ 85281
      View Details
    • $950,000

      Renovated Income Property in Tempe

      Three-unit property with extensive upgrades, part of a five-unit compound.
      1244 N Rose St, Tempe, AZ 85288
      View Details
    • $605,000

      Tempe Duplex with Large Yards

      Tempe duplex featuring 3-bedroom units and large backyards.
      1021 N Harold St, Tempe, AZ 85288
      View Details
    • $2,400,000

      Renovated Multifamily Property Near ASU

      Fully renovated 12-unit multifamily property near ASU in Tempe.
      626 S Wilson St, Tempe, AZ 85281
      View Details
    • $2,300,000
      4,414 SF

      Tempe Garden-Style Apartment Complex

      Garden-style 10-plex near ASU Main Campus in Tempe.
      425 W 5Th St, Tempe, AZ 85281
      View Details
    • $1,649,500

      Tempe Multifamily Investment Opportunity

      Prime location near downtown Tempe with immediate cash flow.
      508 S Farmer Ave, Tempe, AZ 85281
      View Details
    • New
      $1,200,000

      Tempe Condos Bulk Sale

      Eight condos for sale in Tempe, located in an Opportunity Zone.
      510 W University Dr, Tempe, AZ 85281
      View Details
    • New
      $845,000

      Tempe Multifamily Investment Opportunity

      Multifamily property in Tempe's Transportation Overlay District.
      401 W 5Th St, Tempe, AZ 85281
      View Details
    • $1,099,000
      Pending

      Tempe Triplex Near ASU Campus

      Three detached, updated units near ASU and downtown Tempe.
      1224 S Maple Ave, Tempe, AZ 85281
      View Details

    FAQs

    What type of property is this?
    Shopping center - Freestanding retail space in a busy Tempe shopping center.
    Where is this shopping center located?
    The property is located at 2010 E Rio Salado Pkwy Tempe, AZ.
    What are key features of this property?
    This property features: - Located in the #1 busiest shopping center in Arizona (per Placer.ai).; - Freestanding retail space ideal for service and fitness users.; - Join high-profile retailers such as Lululemon, Nike, J.Crew, and Sephora.
    (575) 441-3200
    Request Owner's contact information
    2010 E Rio Salado Pkwy 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.
    2010 E Rio Salado Pkwy
    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 Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2010 E Rio Salado Pkwy 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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Alberto Caballero
    (575) 441-3200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!