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Industrial Flex Warehouse with Offices
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1655 W Drake Dr, Tempe, AZ 85283

Recently renovated flex space with 18’ clear warehouse height, office buildout, HVAC area, and fire sprinkler protection.

Space Size9,216 SF
Days on Market320

Property Features for 1655 W Drake Dr

General Information

Standard status Active
Size 9,216 SF
Property subtype OFFICE
Lease Type NNN

Site & Location

Neighborhood Desert Villas
Highway Access Yes

Warehouse & Industrial

Clear Height 18 ft
Drive-In Doors 2
Heavy Power Yes
Sprinkler System Yes

Spaces For Lease

at 1655 W Drake Dr
1655 W Drake Dr $1.35/SF/Mo
Floor Bldg
Size 9,216 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
• ±2 min drive from I-10 Freeway • Recent slurry coat and striping • Recently Renovated • OFFICE: • 12 private offices, 3 conference rooms, 2 kitchenettes, 1 training room, 2 office storage rooms • WAREHOUSE: • 18’ clear height • 800A 3 Phase power • Portion of the warehouse is 100% HVAC • One (1) Grade Level door (12’ x 14’) • One (1) Grade Level door (10’ x 8’) • Fire Sprinklered
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Listing Agency: LevRose Commercial Real Estate
Listed By: Cameron Miller
Source: Moodyscre
Added: Dec 12, 2025 Changed: Oct 25 Last Checked: Oct 28 at 12:01PM

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

Rey
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Investment Insights

Based on property information with market context.

This recently renovated industrial flex warehouse includes a substantial office component and functional warehouse improvements. The office area features 12 private offices, three conference rooms, two kitchenettes, a training room, and two office storage rooms. The warehouse offers 18’ clear height, 800A 3-phase power, and a portion of the space that is 100% HVAC. Two grade level doors are provided, including a 12’ x 14’ door and a 10’ x 8’ door. The building is fire sprinklered, and recent slurry coat and striping have been completed.

The property is listed for rent and is described as approximately a 2-minute drive from the I-10 Freeway.

Key Highlights

  • Recently renovated flex space with office buildout and warehouse improvements
  • 18’ clear height warehouse with fire sprinkler protection
  • Warehouse includes 800A 3‑phase power and a portion that is 100% HVAC

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

1st Choice Insurance Insurance Agency Jeremiah Butout - Alpha ... Financial Advisor Canyon Lands Insurance Insurance Agency TAG Insurance and Financial ... Insurance Agency Mercury Insurance Insurance Agency

Suggested Use

Top Pick Real Estate Agency Restaurant Garden Center Storage Facility Grocery & Convenience Store Nail Salon

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

18 ft
Clear height
2
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,138
Businesses Nearby
Under-served
Demand for This Use

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

Lease Benchmarks for Tempe, AZ

$18.87 /SF/Yr
Avg Asking Price
$12–$28.04 /SF/Yr
Price Range
31,546 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

Similar Off Market Nearby

  • Firehouse Subs Priest & Elliot — 7700 S Priest Dr, Tempe, AZ 85284

Frequently Asked Questions

What type of property is this?
Flex space - Recently renovated flex space with 18’ clear warehouse height, office buildout, HVAC area, and fire sprinkler protection.
Where is this flex space located?
The property is located at 1655 W Drake Dr Tempe, AZ.
What are key features of this property?
This property features: Recently renovated flex space with office buildout and warehouse improvements; 18’ clear height warehouse with fire sprinkler protection; Warehouse includes 800A 3‑phase power and a portion that is 100% HVAC
(480) 294-6584 Call to check price and availability
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