Tempe Standalone Office
For Sale
Contact for pricing
1702 E McNair Drive, Tempe, AZ 85283
Highly improved office property in Tempe's established business corridor.
Property Size4,999 SF
Price / SF$600.12
Days on Market148
Property Features for 1702 E McNair Drive
General Information
Standard status
Active
Size
4,999 SF
Total Parking Spaces
13
Property subtype
Office
Zoning
R/O - City of Tempe
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
2000
Tenancy
Single
Listing Agency:
MHG Commercial
Listed By:
Nicholas Skogen · License #SA669539000
(602) 750-6986
Source:
Crexi
Added: May 19
Changed: Oct 4
Last Checked: Oct 12 at 7:57PM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,354
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,787,080
$1.8M
Cap Rate 7%
$1,276,486
$1.3M
Cap Rate 9%
$992,822
$992.8K
Market Conditions
NOI Build-Up for 4,999 SF
Gross rent
$151.8K $30.36/SF
− Vacancy
−$32.6K −$6.53/SF
EGI
$119.1K $23.83/SF
− OpEx
−$29.8K −$5.96/SF
NOI
$89.4K $17.87/SF
Area
Tempe, AZ
Vacancy
21.50%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,787,080
Cap Rate 7%
$1,276,486
Cap Rate 9%
$992,822
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
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
NOI $110,040 @ 7.0% cap · market cap 3.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
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.
