HVAC Warehouse with Secured
For Sale
Contact for pricing
2000 West 1st Street, Tempe, AZ 85281
Connected industrial buildings offer flexible occupancy, grade-level loading, and I-2 zoning in Tempe.
Property Size22,543 SF
Price / SF$240
Days on Market65
Property Features for 2000 West 1st Street
General Information
Standard status
Active
Size
22,543 SF
Class
B
Property subtype
Industrial
Zoning
I-2, Tempe
Lease Type
NNN
Additional Details
Utilities to Site
Yes
Conditioned Warehouse
Yes
Amenities
Covered Parking Available
Building Details
Year Built
1996
Buildings
2
Listing Agency:
Ross Brown Partners, Inc
Listed By:
Kyle Mcginley · License #AZ SA663730000
(480) 362-9507
Source:
Crexi
Added: Aug 3
Changed: Oct 6
Last Checked: Oct 5 at 6:21PM
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 Ross Brown Partners, Inc
Investment Insights
Based on property information with market context.
This industrial warehouse property includes two connected buildings with a combined 22,543 SF and a 12,000 SF floor plate. The improvements feature 100% HVAC, grade-level loading, and access to a freight elevator. Grade-level doors connect the buildings on both the first and second floors, supporting movement between the structures. Separate power and water services are in place, and the configuration can accommodate multiple tenants. A secured yard provides controlled exterior space, while covered parking can be added or provided based on operational needs. Built in 1996, the property is located at 2000 West 1st Street in Tempe and carries I-2 zoning.
Key Highlights
- 22,543 SF warehouse property with a 12,000 SF floor plate
- Two connected buildings with grade‑level doors on floors 1 and 2
- 100% HVAC and freight elevator access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$249,092
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,981,840
$5.0M
Cap Rate 7%
$3,558,457
$3.6M
Cap Rate 9%
$2,767,689
$2.8M
Market Conditions
NOI Build-Up for 22,543 SF
Gross rent
$311.1K $13.80/SF
− Vacancy
−$18.0K −$0.80/SF
EGI
$293.0K $13.00/SF
− OpEx
−$44.0K −$1.95/SF
NOI
$249.1K $11.05/SF
Area
Tempe, AZ
Vacancy
5.80%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,981,840
Cap Rate 7%
$3,558,457
Cap Rate 9%
$2,767,689
Alternative Uses
Best Use
Warehouse
$3.56M
$3.11M – $4.15M
NOI $249,092 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.09M
$6.20M – $8.27M
NOI $496,226 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Connected industrial buildings offer flexible occupancy, grade-level loading, and I-2 zoning in Tempe.
Where is this warehouse located?
The property is located at 2000 West 1st Street Tempe, AZ.
What is the asking price?
The asking price for this property is $5,410,320.
What are key features of this property?
This property features: 22,543 SF warehouse property with a 12,000 SF floor plate; Two connected buildings with grade‑level doors on floors 1 and 2; 100% HVAC and freight elevator access
