Freestanding Class B Office
For Sale
Contact for pricing
2055 East Warner Road, Tempe, AZ 85284
Single-story office asset with an absolute NNN lease through March 31, 2028.
Property Size22,848 SF
Price / SF$325
Days on Market55
Property Features for 2055 East Warner Road
General Information
Standard status
Active
Size
22,848 SF
Class
B
Property subtype
Office
Occupancy
100%
Site & Location
Neighborhood
Circle g Ranches Iv
Building Details
Buildings
1
Stories
1
Building Size
22,848 SF
Tenancy
Single
Owner Occupied
No
Listing Agency:
Lee & Associates - Arizona
Listed By:
Marcus Muirhead · License #AZ SA543465000
Source:
Crexi
Added: Sep 8
Changed: Oct 25
Last Checked: Nov 1 at 2:54AM
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 Lee & Associates - Arizona
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Investment Insights
Based on property information with market context.
This freestanding, single-story Class B office building contains approximately 22,848 SF and is configured as a standalone commercial office asset. The property is currently occupied by Baker Tilly US, LLP under an absolute NNN lease that runs through March 31, 2028, providing an established lease structure for the current ownership period.
Located at 2055 East Warner Road in Tempe, Arizona, the building sits directly across Warner Road from ASU Research Park. Its position within an established employment corridor places the property in a setting associated with office and research-related activity. The asset is presented as an owner-user office acquisition with existing tenancy through the stated lease term.
Located at 2055 East Warner Road in Tempe, Arizona, the building sits directly across Warner Road from ASU Research Park. Its position within an established employment corridor places the property in a setting associated with office and research-related activity. The asset is presented as an owner-user office acquisition with existing tenancy through the stated lease term.
Key Highlights
- Approximately 22,848 SF single‑story Class B office building
- Freestanding office asset at 2055 East Warner Road, Tempe, AZ 85284
- Occupied by Baker Tilly US, LLP
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$408,395
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,167,900
$8.2M
Cap Rate 7%
$5,834,214
$5.8M
Cap Rate 9%
$4,537,722
$4.5M
Market Conditions
NOI Build-Up for 22,848 SF
Gross rent
$693.7K $30.36/SF
− Vacancy
−$149.1K −$6.53/SF
EGI
$544.5K $23.83/SF
− OpEx
−$136.1K −$5.96/SF
NOI
$408.4K $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%
$8,167,900
Cap Rate 7%
$5,834,214
Cap Rate 9%
$4,537,722
Alternative Uses
Best Use
Office B
$5.83M
$5.10M – $6.81M
NOI $408,395 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.18M
$6.29M – $8.38M
NOI $502,940 @ 7.0% cap · market cap 6.77%
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
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
Explore this area
Business Placement
Demographics for 85284, AZ
18,638
Population
7,589
Households
2.5
Avg Household Size
45
Median Age
69%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
2,389
Density / Sq Mi
$154,663
Median Household Income
$64,288
Median Earnings
$2,162
Median Rent
$646,300
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
Frequently Asked Questions
What type of property is this?
Office building - Single-story office asset with an absolute NNN lease through March 31, 2028.
Where is this office building located?
The property is located at 2055 East Warner Road Tempe, AZ.
What is the asking price?
The asking price for this property is $7,425,600.
What are key features of this property?
This property features: Approximately 22,848 SF single‑story Class B office building; Freestanding office asset at 2055 East Warner Road, Tempe, AZ 85284; Occupied by Baker Tilly US, LLP
