Class A Office
For Sale
Contact for pricing
1095 W Rio Salado Pkwy, Tempe, AZ 85281
Class A office building built in 2006 with GID zoning in the City of Tempe.
Property Size2,361 SF
Price / SF$294.37
Days on Market848
Property Features for 1095 W Rio Salado Pkwy
General Information
Standard status
Active
Size
2,361 SF
Class
A
Property subtype
OFFICE
Zoning
GID
Building Details
Year Built
2006
Listing Agency:
LevRose Commercial Real Estate
(480) 947-0600
Listed By:
Michael Feldman · License #SA026467000
(602) 628-1747
Source:
Moodyscre
Added: Jul 8, 2024
Changed: Oct 26
Last Checked: Nov 1 at 5:11AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Class “A” office building constructed in 2006. The offering is positioned for office use under City of Tempe GID zoning.
The property is less than 2 miles from Sky Harbor and is located across from the Tempe Center of the Arts. It also notes excellent access to valley freeways.
Further specifics on unit configuration, interior finishes, and available suites are not provided in the available materials.
The property is less than 2 miles from Sky Harbor and is located across from the Tempe Center of the Arts. It also notes excellent access to valley freeways.
Further specifics on unit configuration, interior finishes, and available suites are not provided in the available materials.
Key Highlights
- Class A office building constructed in 2006
- GID zoning in the City of Tempe
- Located less than 2 miles from Sky Harbor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,202
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,040
$844.0K
Cap Rate 7%
$602,886
$602.9K
Cap Rate 9%
$468,911
$468.9K
Market Conditions
NOI Build-Up for 2,361 SF
Gross rent
$71.7K $30.36/SF
− Vacancy
−$15.4K −$6.53/SF
EGI
$56.3K $23.83/SF
− OpEx
−$14.1K −$5.96/SF
NOI
$42.2K $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%
$844,040
Cap Rate 7%
$602,886
Cap Rate 9%
$468,911
Alternative Uses
Best Use
Office B
$602.9K
$527.5K – $703.4K
NOI $42,202 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$742.4K
$649.6K – $866.2K
NOI $51,971 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Class A office building built in 2006 with GID zoning in the City of Tempe.
Where is this office building located?
The property is located at 1095 W Rio Salado Pkwy Tempe, AZ.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Class A office building constructed in 2006; GID zoning in the City of Tempe; Located less than 2 miles from Sky Harbor
