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    Innovation Cir Tempe, AZ 85284

    Sponsored
    For Lease
    Contact for pricing

    Modern Office Building; Abundant Parking

    Lot size:
    55,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional two-story office building, situated in Maricopa County's ASU Research Park, offers ±55,000 square feet of versatile space ideal for traditional, executive, or creative office uses. The property features a dedicated grand entrance off Warner Road, providing excellent visibility and accessibility. The building boasts ample surface parking with 285 spaces, exceeding the standard 5/1000 ratio, and offers the potential for future expansion with a planned parking structure. The ±15.46-acre lot includes approximately 2,000 square feet of premium covered outdoor amenity space, perfect for employee relaxation or informal meetings. The building's design incorporates north/south solar exposure, optimizing natural light and energy efficiency. Currently, one space is available within this brand-new, multi-tenant building, presenting a unique opportunity for businesses seeking a modern and well-appointed office environment in a thriving research park setting. Direct access to Warner Road ensures convenient commutes and excellent connectivity. This property offers a combination of functionality, modern amenities, and a prime location.

    Property Features for 0 Innovation Cir

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    55,000 SF

    Unit(s) available at that property

    Space
    Two Story Building
    Size
    55,000 SF

    HighLights

    • 55,000 square foot office building in Maricopa County.
    • Multiple tenancy available.
    • Brand new, two‑story construction with 285 surface parking spaces.
    • Approximately 2,000 square feet of covered outdoor amenity space.
    • 5:1,000 surface parking ratio with expansion potential.
    • Situated on approximately 15.46 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.90114937436
    Latitude
    33.335935728581

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    FAQs

    What type of property is this?
    Office space - Modern Office Building; Abundant Parking
    Where is this office space located?
    The property is located at Innovation Cir Tempe, AZ.
    What are key features of this property?
    This property features: 55,000 square foot office building in Maricopa County.; Multiple tenancy available.; Brand new, two-story construction with 285 surface parking spaces.
    Request Owner's contact information
    Innovation Cir Tempe, AZ 85284
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    Tempe, AZ 85284
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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
    Innovation Cir Tempe, AZ 85284
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