Shopping Center Retail
1876 E APACHE Boulevard, Tempe, AZ 85281
For Sale
Contact for pricing
The shopping center’s tenant mix includes service, convenience, apparel, and restaurant businesses.
Property Size8,710 SF
Price / SF$0.22
Days on Market48
Property Features for 1876 E APACHE Boulevard
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Road Access
Building Details
Tenancy
Listing Agency:
LRA Real Estate Group, LLC
(480) 526-5644
Listed By:
Don T Mortensen · License AZ BR529840000
(602) 451-3684
Source:
Juliebradfeldt
Added: Sep 24
Changed: Oct 26
Last Checked: Nov 8 at 5:49AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
An 8,710-square-foot retail space is available within a shopping center on E Apache Boulevard in Tempe. The center’s neighboring businesses include a barber shop, convenience store, vintage clothing store, and Indian restaurant.
The property is near light rail, Arizona State University, and several apartment complexes. The available suite is identified as the center’s last remaining space.
The property is near light rail, Arizona State University, and several apartment complexes. The available suite is identified as the center’s last remaining space.
Key Highlights
- 8,710‑square‑foot retail space in a shopping center
- Neighboring businesses include a barber shop, convenience store, vintage clothing store, and Indian restaurant
- Near light rail, Arizona State University, and several apartment complexes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,515
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,030,300
$2.0M
Cap Rate 7%
$1,450,214
$1.5M
Cap Rate 9%
$1,127,944
$1.1M
Market Conditions
NOI Build-Up for 8,710 SF
Gross rent
$156.8K $18.00/SF
− Vacancy
−$11.8K −$1.35/SF
EGI
$145.0K $16.65/SF
− OpEx
−$43.5K −$5.00/SF
NOI
$101.5K $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%
$2,030,300
Cap Rate 7%
$1,450,214
Cap Rate 9%
$1,127,944
Alternative Uses
Best Use
Retail
$1.45M
$1.27M – $1.69M
NOI $101,515 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $191,728 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,533
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Home Improvements & Furnishings 12%
Electronics 3%
7-Eleven
Shops & Services
4,155 visits/mo
0.4 miles
CubeSmart Self Storage
Shops & Services
1,998 visits/mo
0.4 miles
U-Haul
Shops & Services
1,378 visits/mo
0.1 miles
Ferguson
Home Improvements & Furnishings
1,341 visits/mo
0.3 miles
CubeSmart Self Storage
Shops & Services
670 visits/mo
0.5 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
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 - The shopping center’s tenant mix includes service, convenience, apparel, and restaurant businesses.
Where is this retail space located?
The property is located at 1876 E APACHE Boulevard Tempe, AZ.
What are key features of this property?
This property features: 8,710‑square‑foot retail space in a shopping center; Neighboring businesses include a barber shop, convenience store, vintage clothing store, and Indian restaurant; Near light rail, Arizona State University, and several apartment complexes
