Office Building For
For Sale
$750,000
1907 E Broadway Road, Tempe, AZ 85282
Single office property for sale located one block east of McClintock on the south side.
Property Size2,990 SF
Price / SF$250.84
Days on Market168
Property Features for 1907 E Broadway Road
General Information
Standard status
Active
Size
2,990 SF
Property subtype
Commercial
Zoning
RO
Taxes and HOA fees
Annual Taxes
$6,048
Building Details
Building Size
2,990 SF
Year Built
1977
Buildings
1
Stories
1
Listing Agency:
Ahwatukee Realty & Property Management Inc
(520) 568-3572
Listed By:
Chad Chadderton · License #BR004929000
(480) 893-1461
Source:
Aznewhorizonrealty
Added: Mar 22
Changed: Sep 4
Last Checked: Jul 3 at 11:51AM
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 Ahwatukee Realty & Property Management Inc
Investment Insights
Based on property information with market context.
This is a for-sale office building located at 1907 E Broadway Road. The property is presented as a commercial office asset under the office buildings and office spaces categories.
Directions place the building one block east of McClintock on the south side. The property is in Maricopa County.
The listing information includes a total property size of 2,990, supporting the building’s use as a compact office facility.
Directions place the building one block east of McClintock on the south side. The property is in Maricopa County.
The listing information includes a total property size of 2,990, supporting the building’s use as a compact office facility.
Key Highlights
- Single office property for sale one block east of McClintock on the south side
- Built in 1977
- Central air cooling and zoned forced air electric heating
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
$53,445
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
7.13%
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%
$1,068,900
$1.1M
Cap Rate 7%
$763,500
$763.5K
Cap Rate 9%
$593,833
$593.8K
Market Conditions
NOI Build-Up for 2,990 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
$90.8K $30.36/SF
− Vacancy
−$19.5K −$6.53/SF
EGI
$71.3K $23.83/SF
− OpEx
−$17.8K −$5.96/SF
NOI
$53.4K $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 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%
$1,068,900
Cap Rate 7%
$763,500
Cap Rate 9%
$593,833
Alternative Uses
Best Use
Office B
$763.5K
$668.1K – $890.8K
NOI $53,445 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$940.2K
$822.7K – $1.10M
NOI $65,817 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,275
Businesses Nearby
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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Single office property for sale located one block east of McClintock on the south side.
Where is this office building located?
The property is located at 1907 E Broadway Road Tempe, AZ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Single office property for sale one block east of McClintock on the south side; Built in 1977; Central air cooling and zoned forced air electric heating
