Freestanding Office
For Sale
Contact for pricing
520 E Southern Ave, Tempe, AZ 85282
Freestanding office building on a corner lot with monument signage and 11 covered parking spaces.
Property Size2,896 SF
Lot Size0.25 Acres
Price / SF$300.41
Days on Market39
Property Features for 520 E Southern Ave
General Information
Standard status
Active
Size
2,896 SF
Total Parking Spaces
11
Lot size
0.25 Acres
Property subtype
OFFICE
Zoning
R-4
Listing Agency:
Menlo Group Commercial Real Estate
(480) 236-9511
Listed By:
Stuart Milne · License #SA634760000
(480) 236-9511
Source:
Moodyscre
Added: Jun 22
Changed: Jul 23
Last Checked: Jul 23 at 5:17AM
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.
This freestanding office building totals 2,896 square feet and is offered for sale. The property includes monument signage on Southern Ave and 11 covered parking spaces, supporting convenient day-to-day tenant and visitor access.
Set on a corner lot with more than 10,000 square feet of land (.25 acres), the site provides a straightforward footprint for an owner-occupied or tenant-occupied office arrangement. The City of Tempe zoning is R-4.
The property’s combination of a standalone building, visible monument signage, and covered parking makes it well-suited for office use where on-site access and an identified presence are priorities.
Set on a corner lot with more than 10,000 square feet of land (.25 acres), the site provides a straightforward footprint for an owner-occupied or tenant-occupied office arrangement. The City of Tempe zoning is R-4.
The property’s combination of a standalone building, visible monument signage, and covered parking makes it well-suited for office use where on-site access and an identified presence are priorities.
Key Highlights
- 2,896 SF freestanding building for sale at $870,000 ($300 PSF)
- Corner lot on 0.25 acres (over 10,000 SF) with monument signage on Southern Ave
- 11 covered parking spaces
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 | $87.9k | $30.36 |
| − Vacancy | −$18.9k | −$6.53 |
| EGI | $69.0k | $23.83 |
| − OpEx | −$17.3k | −$5.96 |
| NOI | $51.8k | $17.87 |
2,896 SF · lease $30.36/SF/yr · vacancy 21.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$739.5K
$647.1K – $862.7K
NOI $51,764 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$910.7K
$796.9K – $1.06M
NOI $63,748 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,177
Businesses Nearby
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding office building on a corner lot with monument signage and 11 covered parking spaces.
Where is this office building located?
The property is located at 520 E Southern Ave Tempe, AZ.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: 2,896 SF freestanding building for sale at $870,000 ($300 PSF); Corner lot on 0.25 acres (over 10,000 SF) with monument signage on Southern Ave; 11 covered parking spaces
