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    408 W 5Th St Tempe, AZ 85281

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    For Lease
    $42 SF/Yr ($18,459 /Mo)

    Innovative office space available for rent in downtown Tempe.

    Property size:
    5,274 SF
    Lot size:
    2.00 Acres

    Property Features for 408 W 5Th St

    General Information

    Size
    5,274 SF
    Lot size
    2.00 Acres

    Source: Lee & Associates | Phoenix Agent Andrew Cheney

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

    Overview

    Downtown Tempe Office Space

    This property offers innovative office space for rent in downtown Tempe. The property provides 5274 square feet of office space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -111.9449732
    Latitude
    33.4256933

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    FAQs

    What type of property is this?
    Office space - Innovative office space available for rent in downtown Tempe.
    Where is this office space located?
    The property is located at 408 W 5Th St Tempe, AZ.
    What is the lease rate?
    The lease rate is $42 SF/Yr.
    What are key features of this property?
    This property features: - Innovative downtown Tempe office space
    (602) 488-4000
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    408 W 5Th St Tempe, AZ 85281
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    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
    408 W 5Th St Tempe, AZ 85281
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