Retail Drive-Through
For Sale
Contact for pricing
1424 W Baseline Rd, Tempe, AZ 85282
Drive-through included at a high-traffic intersection near Arizona Mills in Tempe, Arizona.
Property Size13,813 SF
Price / SF$412.65
Days on Market1157
Property Features for 1424 W Baseline Rd
General Information
Standard status
Active
Size
13,813 SF
Property subtype
RETAIL
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Listing Agency:
LevRose Commercial Real Estate
(480) 947-0600
Listed By:
Mark Cassell · License #AZ SA659518000
(818) 390-0838
Source:
Moodyscre
Added: Sep 1, 2023
Changed: Oct 2
Last Checked: Oct 30 at 4:44PM
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.
This retail property includes a drive-through feature and is positioned for strong customer access from a major intersection. The offering comprises approximately 13,813 square feet, available for sale at $5,700,000.
The site is located at a heavily traveled intersection with estimated traffic of 60,000+ vehicles per day (approximately 42,000 on Baseline and 18,000 on Priest). It is about one block from I-10, which carries an estimated 157,000+ vehicles per day, and it is adjacent to Arizona Mills, a Simon-owned mall.
The surrounding trade area is supported by dense population and income metrics, including approximately 19,969 people within a one-mile radius and 116,139 people within three miles, along with an estimated $82,000 average household income in a three-mile radius.
The site is located at a heavily traveled intersection with estimated traffic of 60,000+ vehicles per day (approximately 42,000 on Baseline and 18,000 on Priest). It is about one block from I-10, which carries an estimated 157,000+ vehicles per day, and it is adjacent to Arizona Mills, a Simon-owned mall.
The surrounding trade area is supported by dense population and income metrics, including approximately 19,969 people within a one-mile radius and 116,139 people within three miles, along with an estimated $82,000 average household income in a three-mile radius.
Key Highlights
- Drive‑through included
- Approximately 60,000+ vehicles per day at the intersection (about 42k on Baseline and 18k on Priest)
- One block from I‑10 with approximately 157k+ vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,991
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,219,820
$3.2M
Cap Rate 7%
$2,299,871
$2.3M
Cap Rate 9%
$1,788,789
$1.8M
Market Conditions
NOI Build-Up for 13,813 SF
Gross rent
$248.6K $18.00/SF
− Vacancy
−$18.6K −$1.35/SF
EGI
$230.0K $16.65/SF
− OpEx
−$69.0K −$5.00/SF
NOI
$161.0K $11.66/SF
Area
Tempe, AZ
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,219,820
Cap Rate 7%
$2,299,871
Cap Rate 9%
$1,788,789
Alternative Uses
Best Use
Retail
$2.30M
$2.01M – $2.68M
NOI $160,991 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.34M
$3.80M – $5.07M
NOI $304,058 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
859
Businesses Nearby
216k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Shops & Services 33%
Home Improvements & Furnishings 22%
Hotels & Casinos 6%
The Home Depot
Home Improvements & Furnishings
47,658 visits/mo
0.2 miles
McDonald's
Dining
24,255 visits/mo
0.1 miles
Circle K
Shops & Services
18,146 visits/mo
0.1 miles
Shell
Shops & Services
14,352 visits/mo
0.1 miles
Denny's
Dining
12,815 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Drive-through included at a high-traffic intersection near Arizona Mills in Tempe, Arizona.
Where is this retail space located?
The property is located at 1424 W Baseline Rd Tempe, AZ.
What is the asking price?
The asking price for this property is $5,700,000.
What are key features of this property?
This property features: Drive‑through included; Approximately 60,000+ vehicles per day at the intersection (about 42k on Baseline and 18k on Priest); One block from I‑10 with approximately 157k+ vehicles per day
