Ground-Floor Retail
1811 E Apache Boulevard R2, Tempe, AZ 85281
For Sale
Contact for pricing
Street-front retail suites with on-site parking and proximity to a light rail station.
Property Size570,052 SF
Price / SF$0.01
Days on Market51
Property Features for 1811 E Apache Boulevard R2
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Amenities
free parking
Listing Agency:
LRA Real Estate Group, LLC
(480) 526-5644
Listed By:
Don T Mortensen · License #BR529840000
(602) 451-3684
Source:
Karensauer
Added: Sep 18
Changed: Nov 7
Last Checked: Nov 6 at 8:45AM
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 LRA Real Estate Group, LLC
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Investment Insights
Based on property information with market context.
The offering includes four ground-floor retail suites within a 408-unit apartment complex, with immediate occupancy available. Frontage extends along Apache Boulevard and McClintock Road, placing the spaces at the base of a substantial residential community. On-site parking is available through the parking garage, with convenient access for customers and visitors.
The property is located across the street from the McClintock/Apache light rail station in Tempe, Arizona. Potential applications identified for the suites include retail, professional services, fitness, art gallery, entertainment, and recreational uses.
The property is located across the street from the McClintock/Apache light rail station in Tempe, Arizona. Potential applications identified for the suites include retail, professional services, fitness, art gallery, entertainment, and recreational uses.
Key Highlights
- Four retail suites available for immediate occupancy
- Ground‑floor space within a 408‑unit apartment complex
- Frontage along Apache Boulevard and McClintock Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,643,956
Suggested Prices Based on Cap Rates
Cap Rate 5%
$132,879,120
$132.9M
Cap Rate 7%
$94,913,657
$94.9M
Cap Rate 9%
$73,821,733
$73.8M
Market Conditions
NOI Build-Up for 570,052 SF
Gross rent
$10.26M $18.00/SF
− Vacancy
−$769.6K −$1.35/SF
EGI
$9.49M $16.65/SF
− OpEx
−$2.85M −$5.00/SF
NOI
$6.64M $11.66/SF
Area
Tempe, AZ
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$132,879,120
Cap Rate 7%
$94,913,657
Cap Rate 9%
$73,821,733
Alternative Uses
Best Use
Retail
$94.91M
$83.05M – $110.73M
NOI $6,643,956 @ 7.0% cap · market cap 159,480.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$179.26M
$156.85M – $209.14M
NOI $12,548,222 @ 7.0% cap · market cap 301,205.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,436
Businesses Nearby
72k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Shops & Services 25%
Home Improvements & Furnishings 2%
Beauty & Spa 1%
McDonald's
Dining
34,434 visits/mo
0.5 miles
Chevron
Shops & Services
9,041 visits/mo
0.5 miles
Wienerschnitzel
Dining
7,524 visits/mo
0.5 miles
Dunkin' Donuts
Dining
6,955 visits/mo
0.5 miles
7-Eleven
Shops & Services
4,155 visits/mo
0.3 miles
Demographics for 85281, AZ
69,218
Population
32,475
Households
2.1
Avg Household Size
26
Median Age
49%
College-Educated
91%
High-School Grad
13.3 sq mi
ZIP Area
5,204
Density / Sq Mi
$59,084
Median Household Income
$32,805
Median Earnings
$1,531
Median Rent
$364,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Retail space in Tempe
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Street-front retail suites with on-site parking and proximity to a light rail station.
Where is this retail space located?
The property is located at 1811 E Apache Boulevard R2 Tempe, AZ.
What are key features of this property?
This property features: Four retail suites available for immediate occupancy; Ground‑floor space within a 408‑unit apartment complex; Frontage along Apache Boulevard and McClintock Road
