Industrial Warehouse with Secure
2405 W Geneva Dr, Tempe, AZ 85282
For Sale
$4,309,000
Single-tenant industrial facility with fenced yard, grade-level loading, office accommodations, and I-2 zoning.
Property Size17,236 SF
Days on Market56
Property Features for 2405 W Geneva Dr
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Commercial Properties Inc
Listed By:
David Bean · License AZ BR627726000
(480) 299-5964
Source:
Cpiaz
Added: Sep 20
Changed: Nov 8
Last Checked: Nov 12 at 6:43AM
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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Investment Insights
Based on property information with market context.
This 17,236-square-foot industrial warehouse was built in 1984 and is configured for single-tenant occupancy. The building includes reception space, three offices, a conference room, two bull pens, and three restrooms. Operational features include a 16-foot clear height, two grade-level doors, 277/480V power, and a fully sprinklered interior. A secure fenced yard provides additional exterior space for industrial operations.
The property is located at 2405 W Geneva Drive in Tempe, Arizona, near the intersection of 48th Street and Southern Avenue. It offers immediate access to I-10 and is zoned I-2, supporting its industrial warehouse profile.
The property is located at 2405 W Geneva Drive in Tempe, Arizona, near the intersection of 48th Street and Southern Avenue. It offers immediate access to I-10 and is zoned I-2, supporting its industrial warehouse profile.
Key Highlights
- 17,236 SF industrial warehouse built in 1984
- I‑2 zoning with single‑tenant configuration
- Secure, fenced yard with 16’ clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$190,452
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,809,040
$3.8M
Cap Rate 7%
$2,720,743
$2.7M
Cap Rate 9%
$2,116,133
$2.1M
Market Conditions
NOI Build-Up for 17,236 SF
Gross rent
$237.9K $13.80/SF
− Vacancy
−$13.8K −$0.80/SF
EGI
$224.1K $13.00/SF
− OpEx
−$33.6K −$1.95/SF
NOI
$190.5K $11.05/SF
Area
Tempe, AZ
Vacancy
5.80%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,809,040
Cap Rate 7%
$2,720,743
Cap Rate 9%
$2,116,133
Alternative Uses
Best Use
Warehouse
$2.72M
$2.38M – $3.17M
NOI $190,452 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.42M
$4.74M – $6.32M
NOI $379,406 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 85282, AZ
52,351
Population
25,667
Households
2
Avg Household Size
33
Median Age
44%
College-Educated
94%
High-School Grad
11.1 sq mi
ZIP Area
4,716
Density / Sq Mi
$79,084
Median Household Income
$43,863
Median Earnings
$1,627
Median Rent
$370,000
Median Home Value
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Market
Properties on Market for Warehouses in Tempe
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Extra Space Storage — 2222 W Southern Ave, Tempe, AZ 85282
- J.C.B/T.A. — 2727 S 48th St, Tempe, AZ 85282
Frequently Asked Questions
What type of property is this?
Warehouse - Single-tenant industrial facility with fenced yard, grade-level loading, office accommodations, and I-2 zoning.
Where is this warehouse located?
The property is located at 2405 W Geneva Dr Tempe, AZ.
What is the asking price?
The asking price for this property is $4,309,000.
What are key features of this property?
This property features: 17,236 SF industrial warehouse built in 1984; I‑2 zoning with single‑tenant configuration; Secure, fenced yard with 16’ clear height
