Building Details

Tenancy Multi

Listing Agency: LRA Real Estate Group, LLC Show Phone

Listed By: Don T Mortensen · License #BR529840000 Show Phone

Source: Exprealty

Added: Feb 22, 2024 Changed: Aug 20 Last Checked: Sep 5 at 11:26AM

Report an Issue

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 LRA Real Estate Group, LLC

Investment Insights

Based on property information with market context.

Key Highlights

• Bottom‑floor retail space in a 408‑unit apartment complex
• 4 suites available for immediate occupancy
• Located across the street from the McClintock/Apache light rail station

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Auto Parts Store Furniture & Home Goods Electrical Service (Bike/Boat/Book/etc) Store Pet Grooming Service Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Paved road access

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

1,806

Businesses Nearby

39k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 52% Dining 48%

Chipotle Mexican Grill Dining

18,614 visits/mo 0.3 miles

Wells Fargo Shops & Services

10,976 visits/mo 0.5 miles

Chase Bank Shops & Services

8,088 visits/mo 0.5 miles

The UPS Store Shops & Services

1,032 visits/mo 0.5 miles

Demographics for 85281, AZ

69,218

Population

32,475

Households

2.1

Avg Household Size

26

Median Age

49%

College-Educated

91%

High-School Grad

13.3 sq mi

ZIP Area

5,204

Density / Sq Mi

$59,084

Median Household Income

$32,805

Median Earnings

$1,531

Median Rent

$364,200

Median Home Value

Market

Lease Benchmarks for Tempe, AZ

$18.38 /SF/Yr

Avg Asking Price

$15–$26 /SF/Yr

Price Range

36,408 SF

Avg Space Size

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties What are key features of this property?

Similar For Rent Nearby

Office Suite with Covered Parking

1834 E Baseline Rd Unit 205, Tempe, AZ 85283

$799/Mo

10,557 sqft

View details

Ground-Floor Retail Suites Near Light Rail

1811 E Apache Boulevard R2, Tempe, AZ 85281

$4,166/Mo

570,052 sqft

View details

Built-Out Office Unit

1980 E Baseline Rd Unit 102, Tempe, AZ 85283

$3,597/Mo

4,007 sqft

View details

End-Cap Office Suite

1988 E Baseline Rd Unit 103, Tempe, AZ 85283

$3,363/Mo

3,998 sqft

View details

Office Unit With Signage

205-1834 E Baseline Rd, Tempe, AZ 85283

$799/Mo

10,557 sqft

View details

Built-Out Office Suite

2530 S Rural Rd, Tempe, AZ 85282

$24 SF/Yr

800 sqft

View details

Flexible Office Suite Leasing

201-4801 S Lakeshore Drive, Tempe, AZ 85282

$2,392/Mo

24,596 sqft

View details

Office Units for Lease

1050 E SOUTHERN Avenue, Tempe, AZ 85282

$1,482/Mo

889 sqft

View details

Industrial Flex Shop with Roll-Ups

910 N Scottsdale Rd, Tempe, AZ 85288

$22 SF/Yr

2,072 sqft

View details

Flexible Office Units

112-4801 S Lakeshore Drive, Tempe, AZ 85282

$3,940/Mo

24,596 sqft

View details

Office Suite with Covered Parking

1834 E BASELINE Road 205, Tempe, AZ 85283

$799/Mo

807 sqft

View details

The Arroyo Office Units

1225 W Washington St, Tempe, AZ 85281

$44 SF/Yr

3,093 sqft

View details

Frequently Asked Questions

Where is this retail space located?

The property is located at R2-1811 E Apache Blvd Tempe, AZ.

What is the lease rate?

The lease rate is $4,166/Mo.

What are key features of this property?

This property features: Bottom‑floor retail space in a 408‑unit apartment complex; 4 suites available for immediate occupancy; Located across the street from the McClintock/Apache light rail station