Flex Space with Covered
For Sale
Contact for pricing
1800 W Broadway Rd, Tempe, AZ 85282
Flex space featuring covered parking and direct access to major freeways including US-60, I-10, and SR-143.
Property Size2,865 SF
Price / SF$245
Days on Market351
Property Features for 1800 W Broadway Rd
General Information
Standard status
Active
Size
2,865 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Commercial Properties Inc
(480) 966-2301
Listed By:
Eric Jones · License #SA026157000
(602) 291-9400
Source:
Moodyscre
Added: Sep 30, 2025
Changed: Sep 15
Last Checked: Sep 15 at 9:59AM
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 Commercial Properties Inc
Investment Insights
Based on property information with market context.
Flex space totaling 2,865 square feet with frontage on Broadway Rd. The property includes covered parking and is positioned for convenient day-to-day access.
The site offers immediate access to the US-60, I-10, and SR-143 freeways, supporting visibility and straightforward routing for employees and deliveries. The frontage on Broadway Rd places it right next to the Broadway Curve.
Overall, this is a compact flex opportunity with built-in covered parking and practical freeway connectivity.
The site offers immediate access to the US-60, I-10, and SR-143 freeways, supporting visibility and straightforward routing for employees and deliveries. The frontage on Broadway Rd places it right next to the Broadway Curve.
Overall, this is a compact flex opportunity with built-in covered parking and practical freeway connectivity.
Key Highlights
- 2,865 SF flex space
- Frontage on Broadway Rd
- Covered parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,459
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$609,180
$609.2K
Cap Rate 7%
$435,129
$435.1K
Cap Rate 9%
$338,433
$338.4K
Market Conditions
NOI Build-Up for 2,865 SF
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.
Gross rent
$49.9K $17.40/SF
− Vacancy
−$3.0K −$1.04/SF
EGI
$46.9K $16.36/SF
− OpEx
−$16.4K −$5.72/SF
NOI
$30.5K $10.63/SF
Area
Tempe, AZ
Vacancy
6.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$609,180
Cap Rate 7%
$435,129
Cap Rate 9%
$338,433
Alternative Uses
Best Use
Flex RnD
$435.1K
$380.7K – $507.7K
NOI $30,459 @ 7.0% cap · market cap 4.34%
Second Best
Industrial
$372.4K
$325.9K – $434.5K
NOI $26,071 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$900.9K
$788.3K – $1.05M
NOI $63,066 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,448
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85282, AZ
52,351
Population
25,667
Households
2
Avg Household Size
33
Median Age
44%
College-Educated
94%
High-School Grad
11.1 sq mi
ZIP Area
4,716
Density / Sq Mi
$79,084
Median Household Income
$43,863
Median Earnings
$1,627
Median Rent
$370,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space featuring covered parking and direct access to major freeways including US-60, I-10, and SR-143.
Where is this flex space located?
The property is located at 1800 W Broadway Rd Tempe, AZ.
What is the asking price?
The asking price for this property is $701,925.
What are key features of this property?
This property features: 2,865 SF flex space; Frontage on Broadway Rd; Covered parking
