Office Suite with Covered
For Sale
Contact for pricing
1834 E BASELINE Road #205, Tempe, AZ 85283
A reception area and open floor area can support showcases or cubicle layouts.
Property Size10,557 SF
Price / SF$0.07
Days on Market17
Property Features for 1834 E BASELINE Road #205
General Information
Standard status
Active
Size
10,557 SF
Total Parking Spaces
2
Property subtype
Commercial
Site & Location
Neighborhood
Cole Park
Additional Details
Property Use
Office
Amenities
communal bathrooms
reception area
Building Details
Year Built
1979
Listing Agency:
Market Edge Realty, LLC
Listed By:
Jennie Miller · License #BR638404000
(480) 382-9681
Source:
Kathrynthomas
Added: Oct 15
Changed: Oct 28
Last Checked: Oct 28 at 3:50PM
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 Market Edge Realty, LLC
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Investment Insights
Based on property information with market context.
This 807-square-foot office suite includes a reception area and a broad work area described for showcase or cubicle arrangements. Communal bathrooms serve the suite, and two covered parking spaces are included, with access to a larger uncovered parking area.
The property is at 1834 E Baseline Road, Suite 205, in Tempe, Arizona.
The property is at 1834 E Baseline Road, Suite 205, in Tempe, Arizona.
Key Highlights
- 807‑square‑foot office suite
- Two covered parking spaces, plus access to a larger uncovered parking area
- Reception area and large floor area for showcases or cubicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$188,701
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,774,020
$3.8M
Cap Rate 7%
$2,695,729
$2.7M
Cap Rate 9%
$2,096,678
$2.1M
Market Conditions
NOI Build-Up for 10,557 SF
Gross rent
$320.5K $30.36/SF
− Vacancy
−$68.9K −$6.53/SF
EGI
$251.6K $23.83/SF
− OpEx
−$62.9K −$5.96/SF
NOI
$188.7K $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%
$3,774,020
Cap Rate 7%
$2,695,729
Cap Rate 9%
$2,096,678
Alternative Uses
Best Use
Office B
$2.70M
$2.36M – $3.15M
NOI $188,701 @ 7.0% cap · market cap 26,995.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.32M
$2.90M – $3.87M
NOI $232,385 @ 7.0% cap · market cap 33,245.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
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Business Placement
Demographics for 85283, AZ
45,736
Population
20,620
Households
2.2
Avg Household Size
35
Median Age
44%
College-Educated
93%
High-School Grad
8.8 sq mi
ZIP Area
5,197
Density / Sq Mi
$81,073
Median Household Income
$47,213
Median Earnings
$1,669
Median Rent
$409,800
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A reception area and open floor area can support showcases or cubicle layouts.
Where is this office unit located?
The property is located at 1834 E BASELINE Road #205 Tempe, AZ.
What are key features of this property?
This property features: 807‑square‑foot office suite; Two covered parking spaces, plus access to a larger uncovered parking area; Reception area and large floor area for showcases or cubicles
