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    448 Farmer Ave Tempe, AZ 85281

    Sponsored
    For Sale
    $4,900,000

    ±10,548 SF Owner-User Opportunity

    Property size:
    10,548 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional ±10,548 square foot, two-story Class A creative office building presents a unique owner-user opportunity in the heart of downtown Tempe, Arizona. Built in 2013, this vacant property boasts a modern, stylish design featuring exposed ceilings, accent lighting, polished concrete floors, expansive glass lines, and fully retractable windows. The interior showcases a sophisticated blend of modern steel and wood finishes, creating a highly desirable workspace. The building includes an elevator and a grand interior staircase connecting the two floors. Ample parking is provided with approximately 4 spaces per 1,000 square feet, all covered or garage-style. Situated on a 0.28-acre lot, the building's Bauhaus architecture is striking, with steel and concrete construction, a flat roof, smooth concrete façade, geometric window fenestration, and steel accents. Its prime location is just two blocks from Mill Avenue, a vibrant entertainment district brimming with restaurants, bars, and nightlife. The property is zoned MU-4 and offers easy access to a high concentration of restaurants, including the popular Culinary Dropout. The asking price for this turnkey property is $4,900,000. This is an unparalleled chance to acquire a high-quality, move-in ready office building in a thriving, dynamic location. The property features a high-quality podium-style design and is 100% available for immediate occupancy. The address is 448 S Farmer Ave, Tempe, AZ 85281, with APN 124-33-447.

    Property Features for 448 Farmer Ave

    General Information

    Property type
    Office space
    Square Feet
    10,548 SF
    Class
    A
    Lot Size
    12,197 SF

    Building Details

    Year Built
    2013
    Buildings
    1
    Stories
    2

    HighLights

    • ±110,548 SF, two‑story Class A creative office building, built in 2013.
    • 100% vacant, ideal for owner‑user occupancy.
    • Downtown Tempe location, two blocks from Mill Avenue's vibrant entertainment district.
    • Creative interior with exposed ceilings, accent lighting, polished concrete floors, expansive glass, and retractable windows.
    • Elevator and grand interior staircase.
    • Ample covered/garage parking (approx. 4 spaces per 1,000 SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9444608
    Latitude
    33.4260356

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    FAQs

    What type of property is this?
    Office space - ±10,548 SF Owner-User Opportunity
    Where is this office space located?
    The property is located at 448 Farmer Ave Tempe, AZ.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: ±110,548 SF, two-story Class A creative office building, built in 2013.; 100% vacant, ideal for owner-user occupancy.; Downtown Tempe location, two blocks from Mill Avenue's vibrant entertainment district.
    Request Owner's contact information
    448 Farmer Ave Tempe, AZ 85281
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    448 Farmer Ave Tempe, AZ 85281
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