Tempe Condo Suite with
For Sale
Contact for pricing
1705-1725 W Ruby Dr, Tempe, AZ
12,000 SF condo suite featuring office, showroom, and warehouse.
Property Size12,000 SF
Lot Size2.14 Acres
Price / SF$291.25
Days on Market500
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
Lease Type
NNN
Site & Location
Neighborhood
Desert Villas
Properties For Sale
at 1705-1725 W Ruby Dr
Emerald Design Ctr
AVAILABLE, Now
Floor
1
Size
12,000 SF
Type
RETAIL
Lease Type
NNN
Sublease
No
• 12,000 SF Condo Suite
• Constructed in 2007
• 10,000 SF Office Showroom
• 2,000 SF Warehouse
• 18’ Clear Height
• 48 Car Parking
• RCC Zoning- City of Tempe
• Community Truckwell
• 2 Roll Up Truck Doors
• Attractive Landscaping
• Property Tax: $19,391 ($0.13/SF)
• Lease Rate: $18/SF NNN Per Year
• Sales Price: $3,495,000 ($291 SF)
• Total CAM: $3.50/SF
Contact us
Listing Agency:
Lee & Associates | Phoenix
(602) 956-7777
Listed By:
Rick Robertson
(602) 954-3748
Source:
Moodyscre
Added: Jun 17, 2025
Changed: Oct 25
Last Checked: Oct 28 at 5:10AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$214,493
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,289,860
$4.3M
Cap Rate 7%
$3,064,186
$3.1M
Cap Rate 9%
$2,383,256
$2.4M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$364.3K $30.36/SF
− Vacancy
−$78.3K −$6.53/SF
EGI
$286.0K $23.83/SF
− OpEx
−$71.5K −$5.96/SF
NOI
$214.5K $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%
$4,289,860
Cap Rate 7%
$3,064,186
Cap Rate 9%
$2,383,256
Alternative Uses
Best Use
Office B
$3.06M
$2.68M – $3.57M
NOI $214,493 @ 7.0% cap · market cap 6.14%
Second Best
Retail
$2.00M
$1.75M – $2.33M
NOI $139,860 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M
NOI $264,149 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
978
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - 12,000 SF condo suite featuring office, showroom, and warehouse.
Where is this office unit 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.
