Stand-Alone Medical Office
2030/2040 S Rural Rd Tempe, AZ 85282
2030/2040 S Rural Rd, Tempe, AZ, 85282
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For Sale
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2,157 SF medical office with excellent visibility and parking.
Property Size2,157 SF
Lot Size0.27 Acres
Price / SF$416.78
Days on Market816
Property Features for 2030/2040 S Rural Rd
General Information
- Standard status
- Active
- Size
- 2,157 SF
- Lot size
- 0.27 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2001
Listing Agency
Commercial Properties Inc.
(480) 522-2813
Listed by
Eric Butler · License #AZ BR515583000
Source
Crexi
Added: Apr 26, 2024 Updated: Jul 10 at 11:19 am Checked: Jul 17 at 9:51 am
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 Commercial Properties Inc.
Investment Insights
Based on property information with market context.
This stand-alone medical office building, constructed in 2001, offers 2,157 square feet of space. The layout is designed to accommodate various medical practices. Currently, it features a spacious reception and waiting area that includes a dedicated children’s section, offices, multiple exam rooms, x-ray facilities, and essential support spaces. Situated on an 11,892 square foot parcel, the property includes its own parking lot, with one handicap space. The building benefits from high visibility on Rural Rd, and its location near Arizona State University provides access to a potential patient base. The dedicated parking lot enhances convenience for patients. The functional footprint of the building allows for efficient patient flow and the potential for customized outdoor spaces.
Key Highlights
- Prime location on Rural Rd with excellent visibility.
- Stand‑alone building with dedicated parking lot (includes one handicap space).
- Well‑designed 2,157 SF layout adaptable for various medical practices.
Local Financial Insights For Office B
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 | $65.5k | $30.36 |
| − Vacancy | −$14.1k | −$6.53 |
| EGI | $51.4k | $23.83 |
| − OpEx | −$12.9k | −$5.96 |
| NOI | $38.6k | $17.87 |
2,157 SF · lease $30.36/SF/yr · vacancy 21.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$550.8K
$481.9K – $642.6K
NOI $38,555 @ 7.0% cap · market cap 4.29%
Second Best
Healthcare Medical
$464.2K
$406.2K – $541.6K
NOI $32,497 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$678.3K
$593.5K – $791.4K
NOI $47,481 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
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FAQs
What type of property is this?
Medical Office Space - 2,157 SF medical office with excellent visibility and parking.
Where is this medical office space located?
The property is located at 2030/2040 S Rural Rd Tempe, AZ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Prime location on Rural Rd with excellent visibility.; Stand‑alone building with dedicated parking lot (includes one handicap space).; Well‑designed 2,157 SF layout adaptable for various medical practices.
