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    2161 E University Dr Tempe, AZ 85281

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    For Lease
    $35 SF/Yr ($11,719 /Mo)

    Freestanding restaurant with drive-thru, near ASU and major highway.

    Property size:
    4,018 SF
    Lot size:
    3.39 Acres

    Property Features for 2161 E University Dr

    General Information

    Size
    4,018 SF
    Lot size
    3.39 Acres

    Source: Rein & Grossoehme Agent Jared Lively

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

    Overview

    Restaurant Space with Drive-Thru

    This is a freestanding restaurant property available for rent, featuring a drive-thru. The building has a size of approximately 4,018 square feet. It is located directly on University Drive, adjacent to the 101/Price Road. The property includes a new 12-foot hood system and a 1,500-gallon grease trap. Signage opportunities are available on three sides of the building, as well as on a monument sign. The location is near Arizona State University (ASU) and a large daytime employment population, offering potential for business. The intended use of the property is for drive-through restaurants and other restaurant or retail purposes.
    Location Intelligence

    Current Use by Public Records

    Hurts Donut Company Bakery

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.8929357
    Latitude
    33.4216883

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    FAQs

    What type of property is this?
    Drive through restaurant - Freestanding restaurant with drive-thru, near ASU and major highway.
    Where is this drive through restaurant located?
    The property is located at 2161 E 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: - High-traffic location directly on University Dr next to the 101/Price Road.; - Drive-thru restaurant freestanding building (±4,018 SF).; - **New 12’ Hood System and 1,500-gallon grease trap.**
    (480) 214-9400
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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
    2161 E University Dr Tempe, AZ 85281
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