Freestanding Office
New
For Sale
$1,280,000
1937 E Broadway Rd, Tempe, AZ 85282
Updated interiors, covered parking, and monument signage serve a Broadway Road-facing property near Loop 101.
Property Size3,526 SF
Days on Market1
Property Features for 1937 E Broadway Rd
General Information
Standard status
Active
Size
3,526 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Monument Signage
Building Details
Building Size
3,526 SF
Listing Agency:
Commercial Properties Inc.
Listed By:
Eric Butler · License #AZ #BR515583000
(602) 809-6570
Source:
Cpiaz
Added: Oct 7
Last Checked: Oct 7 at 8:13AM
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.
This standalone office property has updated interiors, covered parking, and monument signage. Its position along Broadway Road places it just off Loop 101 in Tempe.
Key Highlights
- Freestanding office property with updated interiors
- Frontage along Broadway Road, just off Loop 101
- Covered parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,025
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,260,500
$1.3M
Cap Rate 7%
$900,357
$900.4K
Cap Rate 9%
$700,278
$700.3K
Market Conditions
NOI Build-Up for 3,526 SF
Gross rent
$107.0K $30.36/SF
− Vacancy
−$23.0K −$6.53/SF
EGI
$84.0K $23.83/SF
− OpEx
−$21.0K −$5.96/SF
NOI
$63.0K $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%
$1,260,500
Cap Rate 7%
$900,357
Cap Rate 9%
$700,278
Alternative Uses
Best Use
Office B
$900.4K
$787.8K – $1.05M
NOI $63,025 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$970.2K – $1.29M
NOI $77,616 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,238
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Updated interiors, covered parking, and monument signage serve a Broadway Road-facing property near Loop 101.
Where is this office building located?
The property is located at 1937 E Broadway Rd Tempe, AZ.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: Freestanding office property with updated interiors; Frontage along Broadway Road, just off Loop 101; Covered parking
