1702 E McNair Drive Tempe, AZ 85283
Highly improved office property in Tempe's established business corridor.
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 (602) 750-6986
Listing date May 19, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
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 |