Flex Space with Secured
For Sale
Contact for pricing
1203 W Geneva Dr, Tempe, AZ 85282
Functional flex property with a secured gated yard, open warehouse area, and office space for industrial users.
Property Size14,000 SF
Lot Size1.03 Acres
Price / SF$255.36
Days on Market106
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Property Features for 1203 W Geneva Dr
General Information
Standard status
Active
Size
14,000 SF
Lot size
1.03 Acres
Property subtype
INDUSTRIAL
Additional Details
Fenced Yard
Yes
Clear Height
14 ft
Amenities
gated yard
Building Details
Buildings
1
Building Size
14,000 SF
Parking Ratio
3.6 per 1,000 SF
Listing Agency:
LevRose Commercial Real Estate
(480) 947-0600
Listed By:
Joe Cosgrove · License #SA649531000
(480) 628-4753
Source:
Moodyscre
Added: Jul 2
Changed: Oct 7
Last Checked: Oct 15 at 2:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LevRose Commercial Real Estate
Investment Insights
Based on property information with market context.
This flex space includes approximately 14,000 square feet arranged in an efficient warehouse-and-office configuration, with roughly 75% dedicated to warehouse use. The open warehouse layout offers 14-foot clear height and supports a range of industrial and flex operations.
The property occupies approximately 1.03 acres and includes a fully secured gated yard. On-site circulation is supported by a parking ratio of approximately 3.60 spaces per 1,000 square feet. The property is located at 1203 W Geneva Dr in Tempe, Arizona.
The property occupies approximately 1.03 acres and includes a fully secured gated yard. On-site circulation is supported by a parking ratio of approximately 3.60 spaces per 1,000 square feet. The property is located at 1203 W Geneva Dr in Tempe, Arizona.
Key Highlights
- Approximately 14,000 SF flex/industrial building
- Approximately 75% warehouse and 25% office configuration
- Fully secured gated yard on an approximately 1.03‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$250,242
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,004,840
$5.0M
Cap Rate 7%
$3,574,886
$3.6M
Cap Rate 9%
$2,780,467
$2.8M
Market Conditions
NOI Build-Up for 14,000 SF
Gross rent
$425.0K $30.36/SF
− Vacancy
−$91.4K −$6.53/SF
EGI
$333.7K $23.83/SF
− OpEx
−$83.4K −$5.96/SF
NOI
$250.2K $17.87/SF
Area
Tempe, AZ
Vacancy
21.50%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,004,840
Cap Rate 7%
$3,574,886
Cap Rate 9%
$2,780,467
Alternative Uses
Best Use
Office B
$3.57M
$3.13M – $4.17M
NOI $250,242 @ 7.0% cap · market cap 7.00%
Second Best
Warehouse
$2.21M
$1.93M – $2.58M
NOI $154,695 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$4.40M
$3.85M – $5.14M
NOI $308,174 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
14 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85282, AZ
52,351
Population
25,667
Households
2
Avg Household Size
33
Median Age
44%
College-Educated
94%
High-School Grad
11.1 sq mi
ZIP Area
4,716
Density / Sq Mi
$79,084
Median Household Income
$43,863
Median Earnings
$1,627
Median Rent
$370,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Side Project Catering and Events — 1470 E Southern Ave, Tempe, AZ 85282
- Firehouse Subs McClintock and Southern — 3108 S McClintock Dr #2, Tempe, AZ 85282
Frequently Asked Questions
What type of property is this?
Flex space - Functional flex property with a secured gated yard, open warehouse area, and office space for industrial users.
Where is this flex space located?
The property is located at 1203 W Geneva Dr Tempe, AZ.
What is the asking price?
The asking price for this property is $3,575,000.
What are key features of this property?
This property features: Approximately 14,000 SF flex/industrial building; Approximately 75% warehouse and 25% office configuration; Fully secured gated yard on an approximately 1.03‑acre site
