Freestanding Office in Tempe,
For Sale
$900,000
3006 South Rural Road, Tempe, AZ 85282
Freestanding office building, previously used for chiropractic purposes.
Property Size2,400 SF
Price / SF$375
Days on Market197
Property Features for 3006 South Rural Road
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Office
Listing Agency:
CBRE | Phoenix
Listed By:
Jamie Swirtz · License #SA625844000
(602) 735-5630
Source:
Cbre
Added: Mar 25
Changed: Oct 2
Last Checked: Oct 7 at 9:25AM
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 CBRE | Phoenix
Investment Insights
Based on property information with market context.
This freestanding office building, previously occupied for chiropractic use, is located in Tempe, Arizona. The property is zoned CCR and offers a parking ratio of 3.33 spaces per 1,000 square feet. The building has a size of 2400 square feet.
Key Highlights
- Freestanding office building
- Zoned CCR, Tempe
- Parking: 3.33/1,000 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,899
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$857,980
$858.0K
Cap Rate 7%
$612,843
$612.8K
Cap Rate 9%
$476,656
$476.7K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$72.9K $30.36/SF
− Vacancy
−$15.7K −$6.53/SF
EGI
$57.2K $23.83/SF
− OpEx
−$14.3K −$5.96/SF
NOI
$42.9K $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%
$857,980
Cap Rate 7%
$612,843
Cap Rate 9%
$476,656
Alternative Uses
Best Use
Office B
$612.8K
$536.2K – $715.0K
NOI $42,899 @ 7.0% cap · market cap 4.77%
Second Best
Healthcare Medical
$516.5K
$452.0K – $602.6K
NOI $36,158 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$754.7K
$660.4K – $880.5K
NOI $52,830 @ 7.0% cap · market cap 5.87%
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
1,037
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Freestanding office building, previously used for chiropractic purposes.
Where is this medical office space located?
The property is located at 3006 South Rural Road Tempe, AZ.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Freestanding office building; Zoned CCR, Tempe; Parking: 3.33/1,000 SF
