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    1323-1325 W University Dr Tempe, AZ 85281

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    For Lease
    $30 SF/Yr ($5,500 /Mo)

    Freestanding retail building with frontage on University Drive in Tempe.

    Property size:
    2,200 SF
    Lot size:
    0.23 Acres

    Property Features for 1323-1325 W University Dr

    General Information

    Size
    2,200 SF
    Lot size
    0.23 Acres

    Source: LRA Real Estate Group LLC Agent Bryan Mortensen

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

    Overview

    Freestanding Retail Building on University

    This freestanding building, currently operating as a wine and dessert shop, features street frontage on University Drive in Tempe. The space offers an open floorplan, a kitchen, and a storage area equipped with a three-compartment sink and a handwashing station. A hood is present, but requires maintenance to restore it to working condition. Customer parking is available in front of the building, with a dirt lot providing additional parking spaces or potential space for a food truck. The property's size is 2200 square feet. Note that city parking restrictions prevent use as a restaurant. The property may be suitable for a catering business. Please do not disturb the current tenant.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9597642
    Latitude
    33.4216782

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    FAQs

    What type of property is this?
    Retail space - Freestanding retail building with frontage on University Drive in Tempe.
    Where is this retail space located?
    The property is located at 1323-1325 W University Dr Tempe, AZ.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - Freestanding building with street frontage on University Dr. in Tempe; - Currently operating as a wine and dessert shop; - Open floorplan
    (602) 621-3770
    Request Owner's contact information
    1323-1325 W University Dr 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
    1323-1325 W University Dr Tempe, AZ 85281
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