Freestanding Commercial
3345 S RURAL RD Tempe, AZ 85282
3345 S RURAL RD, Tempe, AZ, 85282
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For Sale
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Owner-user freestanding building on direct Rural Road frontage with flexible layout for office, medical, or institutional uses.
Property Size8,730 SF
Lot Size0.67 Acres
Price / SF$348.22
Days on Market49
Property Features for 3345 S RURAL RD
General Information
- Standard status
- Active
- Size
- 8,730 SF
- Lot size
- 0.67 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1989
Listing agency
R.O.I. Properties
(602) 319-1326
Listed by
Beth Jo Zeitzer · License #AZ BR044331000
Source
Crexi
Added: Jun 3 Updated: Jul 10 at 4:00PM Checked: Jul 21 at 12:59PM
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 R.O.I. Properties
Investment Insights
Based on property information with market context.
3345 S Rural Rd in Tempe, AZ presents an owner-user freestanding commercial building totaling approximately 8,730 SF on a site of about 0.667 acres (29,490 SF). The property is offered with a flexible building layout and recent renovations, supporting a range of occupancy formats. The improvements and configuration are positioned to accommodate users seeking a long-term presence with options for operational continuity.
The site features direct frontage along Rural Road, with convenient access to Southern Avenue, Interstate 10, Loop 101, and Loop 202 for day-to-day travel and client servicing across the Phoenix metropolitan area. The surrounding area is described as a vibrant mixed-use environment with established residential neighborhoods, educational institutions, retail amenities, and employment centers, and the property is noted as being in proximity to Arizona State University and the broader Tempe employment base.
For tenants, buyers, and operators, the combination of freestanding control, renovation history, and adaptable interior layout makes the building suitable for educational, office, medical, nonprofit, religious, or other institutional uses. With substantial land area in place, an owner-operator also has room to plan for site-related enhancements or future operational needs while maintaining a functional, front-facing presence along a major arterial corridor.
The site features direct frontage along Rural Road, with convenient access to Southern Avenue, Interstate 10, Loop 101, and Loop 202 for day-to-day travel and client servicing across the Phoenix metropolitan area. The surrounding area is described as a vibrant mixed-use environment with established residential neighborhoods, educational institutions, retail amenities, and employment centers, and the property is noted as being in proximity to Arizona State University and the broader Tempe employment base.
For tenants, buyers, and operators, the combination of freestanding control, renovation history, and adaptable interior layout makes the building suitable for educational, office, medical, nonprofit, religious, or other institutional uses. With substantial land area in place, an owner-operator also has room to plan for site-related enhancements or future operational needs while maintaining a functional, front-facing presence along a major arterial corridor.
Key Highlights
- Approximately 0.667‑acre site with direct frontage on S Rural Road and convenient access to Southern Ave, I‑10, Loop 101, and Loop 202
- 8,730 SF freestanding commercial building built in 1989 on a 29,490 SF lot
- Flexible building layout suited for educational, office, medical, nonprofit, religious, or institutional occupancy
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 | $265.0k | $30.36 |
| − Vacancy | −$57.0k | −$6.53 |
| EGI | $208.1k | $23.83 |
| − OpEx | −$52.0k | −$5.96 |
| NOI | $156.0k | $17.87 |
8,730 SF · lease $30.36/SF/yr · vacancy 21.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.23M
$1.95M – $2.60M
NOI $156,044 @ 7.0% cap · market cap 5.13%
Second Best
Healthcare Medical
$1.88M
$1.64M – $2.19M
NOI $131,526 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$2.75M
$2.40M – $3.20M
NOI $192,168 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Harrison Middleton University
University
Viridis Graduate Institute
Association Or Organization
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FAQs
What type of property is this?
Office building - Owner-user freestanding building on direct Rural Road frontage with flexible layout for office, medical, or institutional uses.
Where is this office building located?
The property is located at 3345 S RURAL RD Tempe, AZ.
What is the asking price?
The asking price for this property is $3,040,000.
What are key features of this property?
This property features: Approximately 0.667‑acre site with direct frontage on S Rural Road and convenient access to Southern Ave, I‑10, Loop 101, and Loop 202; 8,730 SF freestanding commercial building built in 1989 on a 29,490 SF lot; Flexible building layout suited for educational, office, medical, nonprofit, religious, or institutional occupancy
