Retail Building Near
For Sale
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8425 S Emerald Dr, Tempe, AZ
5,546 SF retail building with attractive patio and landscaping.
Property Size5,546 SF
Lot Size0.32 Acres
Price / SF$297.51
Days on Market250
Property Features for 8425 S Emerald Dr
General Information
Standard status
Active
Size
5,546 SF
Lot size
0.32 Acres
Property subtype
RETAIL
Listing Agency:
Lee & Associates | Phoenix
(602) 954-3748
Listed By:
Rick Robertson
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Jul 10
Last Checked: Jul 22 at 3:32AM
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 Lee & Associates | Phoenix
Investment Insights
Based on property information with market context.
This is a 5,546 square foot concrete tilt building constructed in 2007. The building is fully air-conditioned and includes two restrooms. There are 18 parking spaces available. The property features attractive landscaping and an outside patio. It is located across the street from IKEA. The current tenant is scheduled to vacate the premises in the 4th quarter of 2025. The 2024 property taxes are $9,325.00. The Emerald Design Center CAM is estimated at $9,925 per year.
Key Highlights
- ±5,546 SF Concrete Tilt Building
- Full Air‑Conditioned
- Attractive Outside Patio
Financial Insights For Retail
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 | $99.8k | $18.00 |
| − Vacancy | −$7.5k | −$1.35 |
| EGI | $92.3k | $16.65 |
| − OpEx | −$27.7k | −$5.00 |
| NOI | $64.6k | $11.66 |
5,546 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$923.4K
$808.0K – $1.08M
NOI $64,639 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,081 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,011
Businesses Nearby
311k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 32%
Dining 27%
Apparel 16%
Groceries 15%
IKEA
Home Improvements & Furnishings
93,430 visits/mo
0.1 miles
DICK'S Sporting Goods
Apparel
49,002 visits/mo
0.3 miles
Total Wine & More
Groceries
46,809 visits/mo
0.2 miles
Texas Roadhouse
Dining
41,201 visits/mo
0.1 miles
White Castle
Dining
16,618 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - 5,546 SF retail building with attractive patio and landscaping.
Where is this storefront property located?
The property is located at 8425 S Emerald Dr Tempe, AZ.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: ±5,546 SF Concrete Tilt Building; Full Air‑Conditioned; Attractive Outside Patio
