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Tempe Standalone Office Property

1702 E McNair Drive Tempe, AZ 85283

1702 E McNair Drive, Tempe, AZ, 85283
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Highly improved office property in Tempe's established business corridor.

Property Size4,999 SF
Price / SF$600.12
AddedMay 19
Days on Market58
Last RefreshJul 5 at 8:20 am

Property Features for 1702 E McNair Drive

General Information

Standard status
Active
Size
4,999 SF
Property subtype
Office

Building Details

Year Built
2000

Listing office MHG Commercial

Listing date May 19, 2026

Source Crexi

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 MHG Commercial


Investment Insights

Based on property information with market context.

The property at 1702 E McNair Drive is a standalone office building in Tempe. The property was designed to create a professional environment that blends functionality, privacy, architectural character, and employee experience. Positioned at the end of a quiet cul-de-sac, the property offers a campus-style atmosphere. The building features expansive glass lines, abundant natural light, private outdoor areas, and collaborative workspace configurations. It is suited for owner-users, creative firms, professional services, medical-related office users, or boutique headquarters operations. Its Tempe location provides access to Loop 101, US-60, and the Phoenix metro area, and is minutes from major employment hubs, Sky Harbor Airport, and Arizona State University. The building layout supports a range of business operations while creating an elevated client and employee experience. Interior improvements include private offices, collaborative bullpen areas, conference rooms, reception space, break areas, and flexible work environments. Large windows allow natural light to flow throughout the building. The property also features a fully enclosed private patio and yard area with individual office access points, enhancing the campus-like environment and providing additional opportunities for outdoor meetings or employee gathering areas. The property size is 4999 square feet.

Key Highlights

  • Highly improved, standalone office property in a prime Tempe location with immediate access to Loop 101, US‑60, and Sky Harbor Airport.
  • Unique campus‑style atmosphere with private outdoor areas, expansive glass lines, and abundant natural light, creating an exceptional employee experience.
  • Versatile design suitable for various uses, including owner‑users, creative firms, professional services, medical‑related offices, or boutique headquarters.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $151.8k $30.36
− Vacancy −$32.6k −$6.53
EGI $119.1k $23.83
− OpEx −$29.8k −$5.96
NOI $89.4k $17.87
4,999 SF · lease $30.36/SF/yr · vacancy 21.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.28M
$1.12M – $1.49M (±1% cap)
NOI $89,354 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.38M – $1.83M (±1% cap)
NOI $110,040 @ 7.0% cap · market cap 3.67%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Affordable Walk-in Shower Renovation Specialist Inquir Marketing & Advertising Roux Design Studio Interior Design

Suggested Use

Real Estate Agency Building Supply Kitchen & Bath Showroom Auto Parts Store Plumbing Service (Bike/Boat/Book/etc) Store Auto Repair Shop (Bike/Boat/Book/etc) Store Catering Service Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office building - Highly improved office property in Tempe's established business corridor.
Where is this office building located?
The property is located at 1702 E McNair Drive Tempe, AZ.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Highly improved, standalone office property in a prime Tempe location with immediate access to Loop 101, US‑60, and Sky Harbor Airport.; Unique campus‑style atmosphere with private outdoor areas, expansive glass lines, and abundant natural light, creating an exceptional employee experience.; Versatile design suitable for various uses, including owner‑users, creative firms, professional services, medical‑related offices, or boutique headquarters.
Contact an agent
(602) 750-6986 Call to check price and availability
More about this property
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