Stand-Alone Medical Office
For Sale
Contact for pricing
2030/2040 S Rural Rd, Tempe, AZ 85282
2,157 SF medical office with excellent visibility and parking.
Property Size2,157 SF
Lot Size0.27 Acres
Price / SF$401.02
Days on Market906
Property Features for 2030/2040 S Rural Rd
General Information
Standard status
Active
Size
2,157 SF
Class
B
Lot size
0.27 Acres
Property subtype
Office
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
2001
Stories
1
Listing Agency:
Commercial Properties Inc.
Listed By:
Eric Butler · License #AZ BR515583000
(480) 522-2813
Source:
Crexi
Added: Apr 26, 2024
Changed: Oct 13
Last Checked: Oct 16 at 8:11AM
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.
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,555
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,100
$771.1K
Cap Rate 7%
$550,786
$550.8K
Cap Rate 9%
$428,389
$428.4K
Market Conditions
NOI Build-Up for 2,157 SF
Gross rent
$65.5K $30.36/SF
− Vacancy
−$14.1K −$6.53/SF
EGI
$51.4K $23.83/SF
− OpEx
−$12.9K −$5.96/SF
NOI
$38.6K $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%
$771,100
Cap Rate 7%
$550,786
Cap Rate 9%
$428,389
Alternative Uses
Best Use
Office B
$550.8K
$481.9K – $642.6K
NOI $38,555 @ 7.0% cap · market cap 4.46%
Second Best
Healthcare Medical
$464.2K
$406.2K – $541.6K
NOI $32,497 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$678.3K
$593.5K – $791.4K
NOI $47,481 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
938
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85282, AZ
52,351
Population
25,667
Households
2
Avg Household Size
33
Median Age
44%
College-Educated
94%
High-School Grad
11.1 sq mi
ZIP Area
4,716
Density / Sq Mi
$79,084
Median Household Income
$43,863
Median Earnings
$1,627
Median Rent
$370,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- valor 4 vet — 2121 S Mill Ave, Tempe, AZ 85282
Frequently Asked Questions
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 $865,000.
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.
