Stand-Alone Medical Office
2040 S Rural Rd Tempe, AZ 58282
2040 S Rural Rd, Tempe, AZ, 58282
$899,000
For Sale
$899,000
2,157 SF medical office near Arizona State University.
Property Size2,157 SF
Price / SF$416.78
Days on Market138
Property Features for 2040 S Rural Rd
General Information
- Standard status
- Active
- Size
- 2,157 SF
- Property subtype
- Office
Building Details
- Year Built
- 2001
Listing agency
Commercial Properties Inc.
(602) 809-6570
Listed by
Eric Butler · License #AZ #BR515583000
(602) 809-6570
Source
Corfac
Added: Mar 5 Updated: Jul 6 at 10:23AM Checked: Jul 21 at 4:29AM
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 Commercial Properties Inc.
Investment Insights
Based on property information with market context.
This stand-alone medical office building, constructed in 2001, offers 2,157 square feet of space. The layout is designed to be adaptable for various medical practices. Located on Rural Rd, the property benefits from high visibility and accessibility. Its location near Arizona State University provides access to a potential patient base. The building includes a dedicated children’s waiting area and on-site X-ray capabilities. The spacious lot provides parking for patients.
Key Highlights
- Prime location on Rural Rd with high visibility and easy accessibility.
- Well‑designed 2,157 SF layout adaptable for various medical practices.
- Stand‑alone building offering full control and privacy.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.5k | $30.36 |
| − Vacancy | −$14.1k | −$6.53 |
| EGI | $51.4k | $23.83 |
| − OpEx | −$12.9k | −$5.96 |
| NOI | $38.6k | $17.87 |
2,157 SF · lease $30.36/SF/yr · vacancy 21.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$550.8K
$481.9K – $642.6K
NOI $38,555 @ 7.0% cap · market cap 4.29%
Second Best
Healthcare Medical
$464.2K
$406.2K – $541.6K
NOI $32,497 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$678.3K
$593.5K – $791.4K
NOI $47,481 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- valor 4 vet — 2121 S Mill Ave, Tempe, AZ 85282
FAQs
What type of property is this?
Medical Office Space - 2,157 SF medical office near Arizona State University.
Where is this medical office space located?
The property is located at 2040 S Rural Rd Tempe, AZ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Prime location on Rural Rd with high visibility and easy accessibility.; Well‑designed 2,157 SF layout adaptable for various medical practices.; Stand‑alone building offering full control and privacy.
