Tempe Condo Suite with
1705-1725 W Ruby Dr Tempe, AZ
For Sale
Contact for pricing
12,000 SF condo suite featuring office, showroom, and warehouse.
Property Size12,000 SF
Lot Size2.14 Acres
Price / SF$291.25
Days on Market403
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
Listing Agency:
Lee & Associates | Phoenix
(602) 954-3748
Listed By:
Rick Robertson
Source:
Moodyscre
Added: Jun 17, 2025
Changed: Jul 10
Last Checked: Jul 21 at 7:01AM
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
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 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
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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.
