Tempe Standalone Medical Office
2030-2040 S Rural Rd, Tempe, AZ
For Sale
Contact for pricing
Standalone Tempe office building, currently built out as medical.
Property Size2,157 SF
Lot Size0.24 Acres
Price / SF$401.02
Days on Market935
Property Features for 2030-2040 S Rural Rd
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Listing Agency:
Commercial Properties Inc
(480) 966-2301
Listed By:
Eric Butler · License AZ BR515583000
(602) 809-6570
Source:
Moodyscre
Added: Apr 19, 2024
Changed: Oct 26
Last Checked: Nov 8 at 5:25AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A standalone office building is available for sale in Tempe, Arizona. The property is currently built out as a medical office. The building has a size of 2157 square feet.
Key Highlights
- Standalone office building
- Located in Tempe, AZ
- Available for sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,555
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,100
$771.1K
Cap Rate 7%
$550,786
$550.8K
Cap Rate 9%
$428,389
$428.4K
Market Conditions
NOI Build-Up for 2,157 SF
Gross rent
$65.5K $30.36/SF
− Vacancy
−$14.1K −$6.53/SF
EGI
$51.4K $23.83/SF
− OpEx
−$12.9K −$5.96/SF
NOI
$38.6K $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%
$771,100
Cap Rate 7%
$550,786
Cap Rate 9%
$428,389
Alternative Uses
Best Use
Office B
$550.8K
$481.9K – $642.6K
NOI $38,555 @ 7.0% cap · market cap 4.46%
Second Best
Healthcare Medical
$464.2K
$406.2K – $541.6K
NOI $32,497 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$678.3K
$593.5K – $791.4K
NOI $47,481 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
938
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Medical Office Space in Maricopa County, AZ
Properties on Market for Medical Office Space in Maricopa County
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- valor 4 vet — 2121 S Mill Ave, Tempe, AZ 85282
Frequently Asked Questions
What type of property is this?
Medical Office Space - Standalone Tempe office building, currently built out as medical.
Where is this medical office space located?
The property is located at 2030-2040 S Rural Rd Tempe, AZ.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Standalone office building; Located in Tempe, AZ; Available for sale
