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    2211 S Mill Ave Tempe, AZ 85282

    For Sale
    $700,000

    Multifamily and office property near Arizona State University.

    Property size:
    2,203 SF
    Lot size:
    0.23 Acres

    Property Features for 2211 S Mill Ave

    General Information

    Size
    2,203 SF
    Lot size
    0.23 Acres

    Source: Matthews Real Estate Investment Services | Phoenix Agent Brad Skenderian

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

    Overview

    Tempe Multifamily and Office Opportunity

    This property includes an 8-unit apartment building constructed in 1959 and a 2,203-square-foot office building built in 1974. The unit mix in the apartment building consists of six 1-bedroom/1-bathroom units, one 2-bedroom/1-bathroom unit, and one 3-bedroom/2-bathroom unit, with an average unit size of 744 square feet. The property is vacant and separately parceled, presenting a value-add opportunity. It is located in close proximity to Arizona State University in Tempe.
    Insight Report Location Intelligence

    Current Use by Public Records

    TreeHouse Learning Community, ... Educational Institution KevinAutoFinanceLLC Auto Broker Elm Tree Recovery Addiction Treatment Center Sites-That-Work.com, LLC Marketing Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9394301
    Latitude
    33.4047828

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    FAQs

    What type of property is this?
    Office space - Multifamily and office property near Arizona State University.
    Where is this office space located?
    The property is located at 2211 S Mill Ave Tempe, AZ.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - Close proximity to Arizona State University – Tempe; - Value-add opportunity; - Vacant and separately parceled
    (949) 533-5594
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    2211 S Mill Ave Tempe, AZ 85282
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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
    2211 S Mill Ave Tempe, AZ 85282
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