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    1123 W Broadway Rd Tempe, AZ 85282

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    For Sale
    $2,250,000

    7,791 SF single-tenant building near ASU campus.

    Property size:
    7,791 SF
    Lot size:
    1.07 Acres

    Property Features for 1123 W Broadway Rd

    General Information

    Size
    7,791 SF
    Lot size
    1.07 Acres

    Source: Colton Commercial Agent Dan Colton

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

    Overview

    Tempe Freestanding Building For Sale

    This 7,791 SF freestanding building is located in an Opportunity Zone. The property benefits from a dense employment base within a 3-mile radius and proximity to I-10 and 143. It is located 2 miles from the ASU campus and features ample on-site parking.
    Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    Casey's Catering & Events

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9561924
    Latitude
    33.406878

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    FAQs

    What type of property is this?
    Flex space - 7,791 SF single-tenant building near ASU campus.
    Where is this flex space located?
    The property is located at 1123 W Broadway Rd Tempe, AZ.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Located in an Opportunity Zone; - Dense employment base within 3-mile radius; - Proximity to I-10 and 143
    (602) 828-1755
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    1123 W Broadway Rd 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
    1123 W Broadway Rd Tempe, AZ 85282
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