C-C Zoned Office
For Sale
$560,640
8747 S Priest Dr Ste 102, Tempe, AZ 85284
Built in 2006 for contemporary office use.
Property Size1,536 SF
Days on Market35
Property Features for 8747 S Priest Dr Ste 102
General Information
Standard status
Active
Size
1,536 SF
Property subtype
Office
Zoning
C-C
Building Details
Building Size
1,536 SF
Year Built
2006
Listing Agency:
Commercial Properties Inc
Listed By:
Bob Deininger · License #SA032688000
(480) 229-1976
Source:
Cpiaz
Added: Sep 2
Changed: Oct 2
Last Checked: Oct 5 at 5:41PM
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.
Office suite 102 is located at 8747 S Priest Dr in Tempe, Arizona. The property was constructed in 2006 and carries C-C commercial zoning, supporting office-based business use.
Key Highlights
- C‑C commercial zoning
- Constructed in 2006
- Suite 102 at 8747 S Priest Dr, Tempe, AZ 85284
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,455
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,100
$549.1K
Cap Rate 7%
$392,214
$392.2K
Cap Rate 9%
$305,056
$305.1K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$46.6K $30.36/SF
− Vacancy
−$10.0K −$6.53/SF
EGI
$36.6K $23.83/SF
− OpEx
−$9.2K −$5.96/SF
NOI
$27.5K $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%
$549,100
Cap Rate 7%
$392,214
Cap Rate 9%
$305,056
Alternative Uses
Best Use
Office B
$392.2K
$343.2K – $457.6K
NOI $27,455 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$483.0K
$422.6K – $563.5K
NOI $33,811 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 85284, AZ
18,638
Population
7,589
Households
2.5
Avg Household Size
45
Median Age
69%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
2,389
Density / Sq Mi
$154,663
Median Household Income
$64,288
Median Earnings
$2,162
Median Rent
$646,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Built in 2006 for contemporary office use.
Where is this office building located?
The property is located at 8747 S Priest Dr Ste 102 Tempe, AZ.
What is the asking price?
The asking price for this property is $560,640.
What are key features of this property?
This property features: C‑C commercial zoning; Constructed in 2006; Suite 102 at 8747 S Priest Dr, Tempe, AZ 85284
