End-Cap Office
For Sale
Contact for pricing
1988 E BASELINE Road 103, Tempe, AZ 85283
Configured office space with reception, conference, private offices, storage, breakroom, and two restrooms.
Property Size3,998 SF
Price / SF$0.84
Days on Market91
Property Features for 1988 E BASELINE Road 103
General Information
Standard status
Active
Size
3,998 SF
Property subtype
Comm/Industry Lease
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
1
Listing Agency:
COBE Real Estate, Inc.
(480) 610-2400
Listed By:
Timothy Zaharis · License #BR577140000
(480) 628-6363
Source:
Nicolesecrest
Added: Jul 20
Changed: Oct 9
Last Checked: Oct 16 at 9:01AM
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 COBE Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This end-cap office unit in Baseline Commons contains 2,023 SF of configured workspace. The layout includes a reception area, conference room, six offices, file storage, a breakroom, and two restrooms. Built-in features and furniture are available with the suite.
The property occupies the corner of Baseline Rd. and Country Club Way in Tempe, with Loop 101 accessible within minutes. Baseline Rd. records average traffic of 25,827 VPD. Baseline Commons includes both medical and professional office tenants, while the surrounding area has a population of 15,320 and an average household income of $94,582 within 1 mile.
The property occupies the corner of Baseline Rd. and Country Club Way in Tempe, with Loop 101 accessible within minutes. Baseline Rd. records average traffic of 25,827 VPD. Baseline Commons includes both medical and professional office tenants, while the surrounding area has a population of 15,320 and an average household income of $94,582 within 1 mile.
Key Highlights
- 2,023 SF end‑cap office unit
- Six private offices with reception and conference areas
- Breakroom, file storage, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,462
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,429,240
$1.4M
Cap Rate 7%
$1,020,886
$1.0M
Cap Rate 9%
$794,022
$794.0K
Market Conditions
NOI Build-Up for 3,998 SF
Gross rent
$121.4K $30.36/SF
− Vacancy
−$26.1K −$6.53/SF
EGI
$95.3K $23.83/SF
− OpEx
−$23.8K −$5.96/SF
NOI
$71.5K $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%
$1,429,240
Cap Rate 7%
$1,020,886
Cap Rate 9%
$794,022
Alternative Uses
Best Use
Office B
$1.02M
$893.3K – $1.19M
NOI $71,462 @ 7.0% cap · market cap 2,124.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,006 @ 7.0% cap · market cap 2,616.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
853
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office units - Configured office space with reception, conference, private offices, storage, breakroom, and two restrooms.
Where is this office units located?
The property is located at 1988 E BASELINE Road 103 Tempe, AZ.
What are key features of this property?
This property features: 2,023 SF end‑cap office unit; Six private offices with reception and conference areas; Breakroom, file storage, and two restrooms
