Professional Office Condominium with Private
New
For Sale
Contact for pricing
2173 E Warner Rd, Tempe, AZ 85284
Recent interior upgrades and HOA-managed exterior and shared areas simplify property upkeep.
Property Size1,800 SF
Price / SF$405
Days on Market3
Property Features for 2173 E Warner Rd
General Information
Standard status
Active
Size
1,800 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Circle g Ranches Iv
Highway Access
Yes
Additional Details
Condition
Move-in Ready
Asking Price
$729,000
Property Use
Office
Building Details
Parking Ratio
5.56 per 1,000 SF
Listing Agency:
ORION Investment Real Estate
(480) 634-6934
Listed By:
Michael Douglas · License #AZ SA668345000
(480) 772-8870
Source:
Moodyscre
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:54PM
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 ORION Investment Real Estate
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Investment Insights
Based on property information with market context.
This 1,800-square-foot office condominium at 2173 E Warner Rd in Tempe has a functional layout with private offices and a recently upgraded interior. The property is part of an established professional office park, with the exterior and common areas maintained by the HOA.
The office has immediate access to Loop 101 and exposure along Warner Road and the freeway. Its parking ratio is 5.56 spaces per 1,000 square feet.
The office has immediate access to Loop 101 and exposure along Warner Road and the freeway. Its parking ratio is 5.56 spaces per 1,000 square feet.
Key Highlights
- 1,800 SF professional office condominium
- Functional layout with private offices
- Recent interior upgrades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,174
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,480
$643.5K
Cap Rate 7%
$459,629
$459.6K
Cap Rate 9%
$357,489
$357.5K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$54.6K $30.36/SF
− Vacancy
−$11.7K −$6.53/SF
EGI
$42.9K $23.83/SF
− OpEx
−$10.7K −$5.96/SF
NOI
$32.2K $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%
$643,480
Cap Rate 7%
$459,629
Cap Rate 9%
$357,489
Alternative Uses
Best Use
Office B
$459.6K
$402.2K – $536.2K
NOI $32,174 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$566.0K
$495.3K – $660.4K
NOI $39,622 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
544
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Recent interior upgrades and HOA-managed exterior and shared areas simplify property upkeep.
Where is this office unit located?
The property is located at 2173 E Warner Rd Tempe, AZ.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: 1,800 SF professional office condominium; Functional layout with private offices; Recent interior upgrades
