Warehouse with Office and
For Sale
Contact for pricing
731 W Fairmont Dr, Tempe, AZ 85282
Industrial warehouse on a 1.69-acre site with a dedicated office area and heavy three-phase power.
Property Size28,080 SF
Price / SF$231.48
Days on Market213
Property Features for 731 W Fairmont Dr
General Information
Standard status
Active
Size
28,080 SF
Property subtype
INDUSTRIAL
Listing Agency:
Ross Brown Partners Inc
(480) 362-9500
Listed By:
Payton Kruidenier · License #SA665140000
(480) 362-9509
Source:
Moodyscre
Added: Feb 12
Changed: Sep 8
Last Checked: Sep 12 at 7:27AM
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 Ross Brown Partners Inc
Investment Insights
Based on property information with market context.
This for-sale warehouse property includes approximately 28,080 square feet of industrial space plus about 2,459 square feet of office. The site is 1.69 acres and is supported by heavy three-phase power, with a 22-foot clear height for accommodating a range of warehouse and operational needs.
The property is located at 731 W Fairmont Dr in Tempe, Arizona 85282. Zoning is listed as GID, Tempe.
With the combination of warehouse clearance and dedicated office space, the building is positioned for tenants seeking an integrated workplace and storage layout within a single industrial facility.
The property is located at 731 W Fairmont Dr in Tempe, Arizona 85282. Zoning is listed as GID, Tempe.
With the combination of warehouse clearance and dedicated office space, the building is positioned for tenants seeking an integrated workplace and storage layout within a single industrial facility.
Key Highlights
- Industrial warehouse totaling +/- 28,080 SF
- Dedicated +/- 2,459 SF office area
- 1.69‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$310,274
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,205,480
$6.2M
Cap Rate 7%
$4,432,486
$4.4M
Cap Rate 9%
$3,447,489
$3.4M
Market Conditions
NOI Build-Up for 28,080 SF
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.
Gross rent
$387.5K $13.80/SF
− Vacancy
−$22.5K −$0.80/SF
EGI
$365.0K $13.00/SF
− OpEx
−$54.8K −$1.95/SF
NOI
$310.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,205,480
Cap Rate 7%
$4,432,486
Cap Rate 9%
$3,447,489
Alternative Uses
Best Use
Warehouse
$4.43M
$3.88M – $5.17M
NOI $310,274 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.83M
$7.73M – $10.30M
NOI $618,109 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,015
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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- AAA Alliance Self Storage — 242 W Southern Ave, Tempe, AZ 85282
- Mini Storage — 242 W Southern Ave, Tempe, AZ 85282
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse on a 1.69-acre site with a dedicated office area and heavy three-phase power.
Where is this warehouse located?
The property is located at 731 W Fairmont Dr Tempe, AZ.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Industrial warehouse totaling +/- 28,080 SF; Dedicated +/- 2,459 SF office area; 1.69‑acre site
