Tempe Freestanding Industrial
For Sale
Contact for pricing
411 W Gemini Dr, Tempe, AZ
9,558 SF industrial building in a dynamic Tempe location.
Property Size9,558 SF
Lot Size0.67 Acres
Price / SF$249.01
Days on Market350
Property Features for 411 W Gemini Dr
General Information
Standard status
Active
Size
9,558 SF
Lot size
0.67 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Menlo Group Commercial Real Estate
(480) 469-6008
Listed By:
Tom Ellixson · License #BR584594000
(480) 469-6008
Source:
Moodyscre
Added: Aug 15, 2025
Changed: Jul 6
Last Checked: Jul 16 at 5:22AM
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 Menlo Group Commercial Real Estate
Investment Insights
Based on property information with market context.
Located in Tempe, Arizona, this industrial building offers approximately 9,558 square feet of space. Constructed in 1981, the freestanding building is situated on a 0.70-acre lot within the Kyrene Business Park. The property is zoned GID by the City of Tempe, making it suitable for a range of industrial, warehouse, and distribution purposes. The building features an approximate 20%/80% office/warehouse layout, five restrooms, and one shower. The warehouse area is cooled by an evaporative cooling system and has a clear height of 12 to 14 feet. There are two 10-foot wide by 12-foot high roll-up doors. The property includes a fenced outdoor area and 120-208v 2 amp 3-phase power. The location provides convenient access to the I-10 Freeway and is near synergistic industrial businesses and other amenities. Situated just off Kyrene Rd with a traffic count of 21,000 VPD, the location offers prime exposure and accessibility. It is also in close proximity to Arizona State University and Sky Harbor Airport, benefiting from a bustling academic and technology presence.
Key Highlights
- Strategic location in Tempe, AZ, near Arizona State University
- Zoned GID, offering versatile usage
- Approximately 9,558 SF freestanding building on a .70 acre lot
Financial Insights For Warehouse
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 | $131.9k | $13.80 |
| − Vacancy | −$7.7k | −$0.80 |
| EGI | $124.3k | $13.00 |
| − OpEx | −$18.6k | −$1.95 |
| NOI | $105.6k | $11.05 |
9,558 SF · lease $13.80/SF/yr · vacancy 5.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.51M
$1.32M – $1.76M
NOI $105,613 @ 7.0% cap · market cap 4.44%
Second Best
Industrial
$1.24M
$1.09M – $1.45M
NOI $86,975 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$3.01M
$2.63M – $3.51M
NOI $210,395 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Armored Self Storage — 6505 S Kyrene Rd, Tempe, AZ 85283
- Mentors Moving & Storage — 5325 S Kyrene Rd Suite 105, Tempe, AZ 85283
- Telephone Warehouse — Tempe, AZ 85283
- Sign Up Installation and Storage, Inc. — 5255 S Kyrene Rd #2, Tempe, AZ 85283
- Holland's Haulers — 22 w duke dr, tempe, az 85283
Frequently Asked Questions
What type of property is this?
Warehouse - 9,558 SF industrial building in a dynamic Tempe location.
Where is this warehouse located?
The property is located at 411 W Gemini Dr Tempe, AZ.
What is the asking price?
The asking price for this property is $2,380,000.
What are key features of this property?
This property features: Strategic location in Tempe, AZ, near Arizona State University; Zoned GID, offering versatile usage; Approximately 9,558 SF freestanding building on a .70 acre lot
