2211 S Mill Ave, Tempe, AZ
Multifamily and office property near Arizona State University.
- Added:
- Aug 25, 2025
- Days on Market:
- 298
- Last Refresh:
- May 20 at 8:16 pm
Property Features for 2211 S Mill Ave
General Information
- Standard status
- Active
- Size
- 2,203 SF
- Lot size
- 0.23 Acres
- Property subtype
- OFFICE
Listing agent Brad Skenderian (949) 533-5594
Listing office Matthews Real Estate Investment Services | Phoenix (949) 533-5594
Listing date Aug 25, 2025
Source Moodyscre
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 Matthews Real Estate Investment Services | Phoenix
HighLights
- Close proximity to Arizona State University – Tempe
- Value‑add opportunity
- Vacant and separately parceled
- Unit mix: (6) 1x1, (1) 2x1, (1) 3x2
- Includes a 2,203 sq ft office
- Features 8 units
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.9k | $30.36 |
| − Vacancy | −$14.4k | −$6.53 |
| EGI | $52.5k | $23.83 |
| − OpEx | −$13.1k | −$5.96 |
| NOI | $39.4k | $17.87 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Tempe
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.939
- Latitude
- 33.4048
