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    Tempe Condo Suite with Showroom Title is generated by Realmo AI

    1705-1725 W Ruby Dr, Tempe, AZ

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    12,000 SF condo suite featuring office, showroom, and warehouse.

    Type:RETAIL
    Property size:
    12,000 SF
    Lot size:
    2.14 Acres
    Price / SF:
    $291/SF
    Added:
    Jun 17, 2025
    Days on Market:
    359
    Last Refresh:
    May 20 at 8:42 pm

    Property Features for 1705-1725 W Ruby Dr

    General Information

    Standard status
    Active
    Size
    12,000 SF
    Lot size
    2.14 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 1705-1725 W Ruby Dr Contact us

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    Listing Contact
    Rick Robertson
    Rick Robertson

    Listing agent Rick Robertson

    Listing office Lee & Associates | Phoenix

    Listing date Jun 17, 2025

    Source Moodyscre

    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 Lee & Associates | Phoenix

    HighLights

    • 12,000 SF Condo Suite with 10,000 SF Office Showroom and 2,000 SF Warehouse space.
    • Ample Parking: 48 Car Parking spaces available.
    • Convenient Loading: Features 2 Roll Up Truck Doors and a Community Truckwell.
    • High Ceiling: 18’ Clear Height suitable for various uses.
    • Strategic Zoning: RCC Zoning in the City of Tempe.
    • Attractive Landscaping

    Overview

    This 12,000 square foot condo suite, constructed in 2007, features a 10,000 square foot office showroom and a 2,000 square foot warehouse. The property includes an 18-foot clear height and accommodates 48 cars with parking. It is zoned RCC (City of Tempe). Additional features include a community truckwell and two roll-up truck doors. The property also benefits from attractive landscaping. The total CAM is $3.50 per square foot. Property tax is $19,391, which is $0.13 per square foot.

    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 $364.3k $30.36
    − Vacancy −$78.3k −$6.53
    EGI $286.0k $23.83
    − OpEx −$71.5k −$5.96
    NOI $214.5k $17.87
    12,000 SF · lease $30.36/SF/yr · vacancy 21.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $3.06M
    $2.68M – $3.57M (±1% cap)
    NOI $214,493 @ 7.0% cap · market cap 6.14%
    Second Best
    Retail
    $2.00M
    $1.75M – $2.33M (±1% cap)
    NOI $139,860 @ 7.0% cap · market cap 4.00%
    Theoretical Best
    Office A
    $3.77M
    $3.30M – $4.40M (±1% cap)
    NOI $264,149 @ 7.0% cap · market cap 7.56%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.967
    Latitude
    33.3389

    FAQs

    What type of property is this?
    Office units - 12,000 SF condo suite featuring office, showroom, and warehouse.
    Where is this office units located?
    The property is located at 1705-1725 W Ruby Dr Tempe, AZ.
    What is the asking price?
    The asking price for this property is $3,495,000.
    What are key features of this property?
    This property features: 12,000 SF Condo Suite with **10,000 SF Office Showroom** and 2,000 SF Warehouse space.; Ample Parking: 48 Car Parking spaces available.; Convenient Loading: Features 2 Roll Up Truck Doors and a Community Truckwell.
    (602) 956-7777 Call to check price and availability
    More about this property
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