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Two-Suite Office Condo with Signage
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1602 S Priest Dr, Tempe, AZ 85281

Office condo suites built in 2009 with frontage on Priest Drive, signage availability, and on-site parking.

Property Size4,997 SF
Days on Market26

Property Features for 1602 S Priest Dr

General Information

Standard status Active
Size 4,997 SF
Property subtype OFFICE
Lease Type SF/yr
Listing Agency: Insight Land & Investments
Listed By: Bob Garland
Source: Moodyscre
Added: Jul 7 Changed: Jul 30 Last Checked: Aug 1 at 11:18AM

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 Insight Land & Investments

Investment Insights

Based on property information with market context.

Two-office condo suites (101–102) totaling 4,997 SF, built in 2009, within a Class B building. The space features a finished office build out and is currently used as a private school, offering a ready-to-occupy configuration for an educational or office user.

Located on South Priest Drive with frontage and visibility. Building signage is available to support tenant identification. The property is zoned GID under the City of Tempe.

Parking is available with 19 parking spaces on site, including a stated parking rate of 3.80 per 1,000 SF, supporting day-to-day access for staff and visitors.

Key Highlights

  • 4,997 SF two‑suite office condo (Suites 101–102)
  • Built in 2009, Class B building
  • Currently built out and used as a private school

Property Analytics

Current Use

VBFA Structural Engineer LeadAZ Private School High School Leadership Society of Arizona Association / Organization

Suggested Use

Top Pick Dental Office Law Firm Parking Lot & Garage Skin Care Clinic Real Estate Agency Storage Facility

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

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,200
Businesses Nearby

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

$17.97 /SF/Yr
Avg Asking Price
$1.17–$34.5 /SF/Yr
Price Range
25,189 SF
Avg Space Size

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Office condo suites built in 2009 with frontage on Priest Drive, signage availability, and on-site parking.
Where is this office units located?
The property is located at 1602 S Priest Dr Tempe, AZ.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: 4,997 SF two‑suite office condo (Suites 101–102); Built in 2009, Class B building; Currently built out and used as a private school
(602) 421-6300 Call to check price and availability
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