Stand-Alone Medical Office
For Sale
$865,000
2040 S Rural Rd, Tempe, AZ 58282
2,157 SF medical office near Arizona State University.
Property Size2,157 SF
Price / SF$401.02
Days on Market215
Property Features for 2040 S Rural Rd
General Information
Standard status
Active
Size
2,157 SF
Property subtype
Office
Building Details
Building Size
2,157 SF
Year Built
2001
Listing Agency:
Commercial Properties Inc.
Listed By:
Eric Butler · License #AZ #BR515583000
(602) 809-6570
Source:
Corfac
Added: Mar 5
Changed: Oct 1
Last Checked: Oct 5 at 5:00PM
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 stand-alone medical office building, constructed in 2001, offers 2,157 square feet of space. The layout is designed to be adaptable for various medical practices. Located on Rural Rd, the property benefits from high visibility and accessibility. Its location near Arizona State University provides access to a potential patient base. The building includes a dedicated children’s waiting area and on-site X-ray capabilities. The spacious lot provides parking for patients.
Key Highlights
- Prime location on Rural Rd with high visibility and easy accessibility.
- Well‑designed 2,157 SF layout adaptable for various medical practices.
- Stand‑alone building offering full control and privacy.
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.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
938
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 2,157 SF medical office near Arizona State University.
Where is this medical office space located?
The property is located at 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: Prime location on Rural Rd with high visibility and easy accessibility.; Well‑designed 2,157 SF layout adaptable for various medical practices.; Stand‑alone building offering full control and privacy.
