Tempe Retail Space For
1424 W Baseline Rd, Tempe, AZ 85283
For Sale
Contact for pricing
13,813 SqFt retail space with 5.53% CAP rate.
Property Size13,813 SF
Price / SF$396.97
Days on Market292
Property Features for 1424 W Baseline Rd
General Information
Standard status
Size
Property subtype
Zoning
Lease Type
Building Details
Year Built
Tenancy
Listing Agency:
LevRose Commercial Real Estate
Listed By:
Mark Cassell · License AZ SA659518000
(818) 390-0838
Source:
Crexi
Added: Jan 23
Changed: Nov 6
Last Checked: Nov 8 at 6:19AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate offering features a 13,813 square foot retail space. The property is located in Tempe, Arizona. The property has a capitalization rate of 5.53%.
Key Highlights
- 5.53% CAP Rate
- Retail Property
- 13,813 SqFt of retail space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,991
Cap Rate
2.94%
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 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.34M
$3.80M – $5.07M
NOI $304,058 @ 7.0% cap · market cap 5.55%
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
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 85283, AZ
45,736
Population
20,620
Households
2.2
Avg Household Size
35
Median Age
44%
College-Educated
93%
High-School Grad
8.8 sq mi
ZIP Area
5,197
Density / Sq Mi
$81,073
Median Household Income
$47,213
Median Earnings
$1,669
Median Rent
$409,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Retail space in Tempe
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - 13,813 SqFt retail space with 5.53% CAP rate.
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 $5,483,374.
What are key features of this property?
This property features: 5.53% CAP Rate; Retail Property; 13,813 SqFt of retail space
