Warehouse with Grade-Level
For Sale
Contact for pricing
601 S Madison Dr, Tempe, AZ 85281
I-1-zoned industrial building with a freestanding truck well, sprinkler protection, and 277/480V power service.
Property Size12,275 SF
Lot Size0.87 Acres
Price / SF$280
Days on Market200
Property Features for 601 S Madison Dr
General Information
Standard status
Active
Size
12,275 SF
Class
C
Total Parking Spaces
20
Lot size
0.87 Acres
Property subtype
Industrial
Zoning
I-1
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
2
Power
600 amps
Voltage
480 V
Three-Phase Power
Yes
Sprinkler System
Yes
Building Details
Year Built
1979
Building Size
12,275 SF
Listing Agency:
Kidder Mathews
Listed By:
Eric Bell · License #AZ SA528580000
(602) 513-5200
Source:
Crexi
Added: Apr 2
Changed: Oct 1
Last Checked: Oct 16 at 6:59AM
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 Kidder Mathews
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Investment Insights
Based on property information with market context.
This warehouse property contains 12,275 SF of building area on 0.87 AC in Tempe. Constructed in 1979, the facility offers an 18-foot clear height, two grade-level loading doors, and a freestanding truck well. The building is equipped with sprinklers and a 600-amp, 277/480V electrical service.
The site includes 20 parking stalls, consisting of 18 regular spaces and 2 handicap spaces. I-1 zoning supports its industrial property classification, while the loading configuration and truck well provide dedicated access for warehouse operations. The property is located at 601 S Madison Dr in Tempe, Arizona.
The site includes 20 parking stalls, consisting of 18 regular spaces and 2 handicap spaces. I-1 zoning supports its industrial property classification, while the loading configuration and truck well provide dedicated access for warehouse operations. The property is located at 601 S Madison Dr in Tempe, Arizona.
Key Highlights
- 12,275 SF warehouse building on 0.87 AC
- I‑1 zoning in Tempe
- 18‑foot clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,635
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,712,700
$2.7M
Cap Rate 7%
$1,937,643
$1.9M
Cap Rate 9%
$1,507,056
$1.5M
Market Conditions
NOI Build-Up for 12,275 SF
Gross rent
$169.4K $13.80/SF
− Vacancy
−$9.8K −$0.80/SF
EGI
$159.6K $13.00/SF
− OpEx
−$23.9K −$1.95/SF
NOI
$135.6K $11.05/SF
Area
Tempe, AZ
Vacancy
5.80%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,712,700
Cap Rate 7%
$1,937,643
Cap Rate 9%
$1,507,056
Alternative Uses
Best Use
Warehouse
$1.94M
$1.70M – $2.26M
NOI $135,635 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.86M
$3.38M – $4.50M
NOI $270,202 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
2
Drive-in doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,540
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85281, AZ
69,218
Population
32,475
Households
2.1
Avg Household Size
26
Median Age
49%
College-Educated
91%
High-School Grad
13.3 sq mi
ZIP Area
5,204
Density / Sq Mi
$59,084
Median Household Income
$32,805
Median Earnings
$1,531
Median Rent
$364,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Hurd Computer Consulting Service, LLC — 4636 E Elwood St Suite 12, Phoenix, AZ 85040
- Mentors Moving & Storage — 3416 S 48th St Suite 3, Phoenix, AZ 85040
- Hohokam Commerce Center — Tempe, AZ 85281
- KACO Warehouse Outfitters — 3025 S 46th St., Phoenix, AZ 85040
- Poindexter Moving — 3045 S 46th St., Phoenix, AZ 85040
Frequently Asked Questions
What type of property is this?
Warehouse - I-1-zoned industrial building with a freestanding truck well, sprinkler protection, and 277/480V power service.
Where is this warehouse located?
The property is located at 601 S Madison Dr Tempe, AZ.
What is the asking price?
The asking price for this property is $3,437,000.
What are key features of this property?
This property features: 12,275 SF warehouse building on 0.87 AC; I‑1 zoning in Tempe; 18‑foot clear height
