Office Condo with Conference
New
For Sale
Contact for pricing
8631 S Priest Dr, Tempe, AZ 85284
A reception area, private office, open workspace, kitchen and restroom provide a functional administrative layout.
Property Size1,295 SF
Price / SF$386.10
Days on Market3
Property Features for 8631 S Priest Dr
General Information
Standard status
Active
Size
1,295 SF
Property subtype
OFFICE
Listing Agency:
SVN | Desert Commercial Advisors
(480) 425-5500
Listed By:
Justin Horwitz · License #SA562459000
(480) 220-2674
Source:
Moodyscre
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 16 at 2:18PM
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 SVN | Desert Commercial Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,295-square-foot office condominium in Tempe has a reception area, conference room, private office, and open work area. The unit also includes a kitchen and private restroom.
The property is at 8631 S Priest Dr, near the Priest Dr. and Warner Rd. intersection. Parking includes one covered reserved stall, with additional spaces available on a first-come basis.
The property is at 8631 S Priest Dr, near the Priest Dr. and Warner Rd. intersection. Parking includes one covered reserved stall, with additional spaces available on a first-come basis.
Key Highlights
- 1,295‑square‑foot office condominium in Tempe
- Reception area, conference room, private office and open work area
- Kitchen and private restroom within the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,147
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,940
$462.9K
Cap Rate 7%
$330,671
$330.7K
Cap Rate 9%
$257,189
$257.2K
Market Conditions
NOI Build-Up for 1,295 SF
Gross rent
$39.3K $30.36/SF
− Vacancy
−$8.5K −$6.53/SF
EGI
$30.9K $23.83/SF
− OpEx
−$7.7K −$5.96/SF
NOI
$23.1K $17.87/SF
Area
Tempe, AZ
Vacancy
21.50%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,940
Cap Rate 7%
$330,671
Cap Rate 9%
$257,189
Alternative Uses
Best Use
Office B
$330.7K
$289.3K – $385.8K
NOI $23,147 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$407.2K
$356.3K – $475.1K
NOI $28,506 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
795
Businesses Nearby
Explore this area
Business Placement
Demographics for 85284, AZ
18,638
Population
7,589
Households
2.5
Avg Household Size
45
Median Age
69%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
2,389
Density / Sq Mi
$154,663
Median Household Income
$64,288
Median Earnings
$2,162
Median Rent
$646,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office units - A reception area, private office, open workspace, kitchen and restroom provide a functional administrative layout.
Where is this office units located?
The property is located at 8631 S Priest Dr Tempe, AZ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,295‑square‑foot office condominium in Tempe; Reception area, conference room, private office and open work area; Kitchen and private restroom within the unit
