Two-Story Restaurant with
530 W BROADWAY Road, Tempe, AZ 85282
For Sale
$2,450,000
Dining areas, bar space and a commercial kitchen support restaurant use, with redevelopment also subject to city approval.
Property Size8,119 SF
Lot Size0.90 Acres
Price / SF$301.76
Days on Market15
Property Features for 530 W BROADWAY Road
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Additional Details
Road Access
Land Use
Patio
Taxes and HOA fees
Annual Taxes
Amenities
indoor dining
bar areas
commercial kitchen
outdoor patio
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
The Brokery
Listed By:
Danielle Medina
(480) 734-9822
Source:
Alexiabertsatos
Added: Oct 24
Changed: Nov 7
Last Checked: Nov 7 at 3:33PM
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 The Brokery
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding restaurant occupies a two-story, 8,119 SF building on approximately 0.90 acres. The interior includes dining space, bar areas and a commercial kitchen, with an outdoor patio. The property was built in 1974 and has 62+ onsite parking spaces.
At the signalized Broadway Road corner in Tempe, the site has frontage along the corridor. C-G zoning supports continued restaurant use; redevelopment is subject to city approval.
At the signalized Broadway Road corner in Tempe, the site has frontage along the corridor. C-G zoning supports continued restaurant use; redevelopment is subject to city approval.
Key Highlights
- 8,119 SF, two‑story restaurant building built in 1974
- Approximately 0.90 acres
- Indoor dining, bar areas, commercial kitchen and outdoor patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,730
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,254,600
$2.3M
Cap Rate 7%
$1,610,429
$1.6M
Cap Rate 9%
$1,252,556
$1.3M
Market Conditions
NOI Build-Up for 8,119 SF
Gross rent
$160.8K $19.80/SF
− Vacancy
−$10.4K −$1.29/SF
EGI
$150.3K $18.51/SF
− OpEx
−$37.6K −$4.63/SF
NOI
$112.7K $13.88/SF
Area
Tempe, AZ
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,254,600
Cap Rate 7%
$1,610,429
Cap Rate 9%
$1,252,556
Alternative Uses
Best Use
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,730 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.55M
$2.23M – $2.98M
NOI $178,719 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,355
Businesses Nearby
72k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 36%
Hotels & Casinos 1%
Circle K
Shops & Services
15,095 visits/mo
0.1 miles
Wells Fargo
Shops & Services
10,976 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
10,048 visits/mo
0.1 miles
Circle K
Shops & Services
8,945 visits/mo
0.4 miles
Chase Bank
Shops & Services
5,018 visits/mo
0.1 miles
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
$370,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Conventional restaurants in Maricopa County, AZ
Properties on Market for Conventional restaurants in Maricopa County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Dining areas, bar space and a commercial kitchen support restaurant use, with redevelopment also subject to city approval.
Where is this conventional restaurant located?
The property is located at 530 W BROADWAY Road Tempe, AZ.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 8,119 SF, two‑story restaurant building built in 1974; Approximately 0.90 acres; Indoor dining, bar areas, commercial kitchen and outdoor patio
