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    1492 Mill Ave Tempe, AZ 85281

    Sponsored
    For Lease
    $21 SF/Yr

    Prime Tempe location, medical office suites.

    Lot size:
    59,808 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A medical office building, totaling 59,808 square feet, is situated on the Tempe St. Luke's Hospital campus in Maricopa County, Arizona. Built in 1996, the three-story building offers multiple tenancy options, with spaces ranging from a minimum of 1,739 square feet to a maximum contiguous space of 2,427 square feet. Currently, 12,490 square feet is available for lease. The property sits on a 1.67-acre lot and provides ample patient and covered staff parking. Its convenient location on the campus of an 87-bed full-service hospital offers immediate access to a wide array of services, including diagnostic imaging, cardiovascular care, orthopedic services, women's care, and a wound center. This presents a unique opportunity for medical professionals seeking a prestigious and well-equipped space within a thriving healthcare environment. The address is 1492 S Mill Ave, Tempe, AZ 85281. This property is ideal for practices seeking high visibility and convenient access to a large patient base. The building's modern design and ample parking ensure a comfortable and efficient experience for both patients and staff.

    Property Features for 1492 Mill Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    59,808 SF
    Class
    A
    Total Rate
    104664

    Building Details

    Year Built
    1996
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 108
    Size
    3,472 SF
    Rate per SF
    $21
    Space
    Suite 310
    Size
    2,033 SF
    Rate per SF
    $21
    Space
    Suite 114
    Size
    1,736 SF
    Rate per SF
    $21
    Space
    Suite 103
    Size
    2,951 SF
    Rate per SF
    $21
    Space
    Suite 201
    Size
    4,826 SF
    Rate per SF
    $21
    Space
    Suite 303
    Size
    1,710 SF
    Rate per SF
    $21

    HighLights

    • ±59,808 SF Class A, three‑story medical office building.
    • Located on the Tempe St. Luke's Hospital campus, an 87‑bed full‑service hospital.
    • Strong ownership.
    • Nearby restaurants, shopping, and retail amenities.
    • Adjacent to Arizona State University campus.
    • Excellent tenant mix.
    Property Profile Location Intelligence

    Current Use by Public Records

    Biltmore ENT, Facial ... Otolaryngology Clinic Arizona Wound Centers Medical Clinic East Valley Women's ... Women'S Health Clinic Women's Health Associates ... Medical Clinic Foot & Ankle Clinics ... Podiatrist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9419556
    Latitude
    33.4128194

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    FAQs

    What type of property is this?
    Medical office - Prime Tempe location, medical office suites.
    Where is this medical office located?
    The property is located at 1492 Mill Ave Tempe, AZ.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: ±59,808 SF Class A, three-story medical office building.; Located on the Tempe St. Luke's Hospital campus, an 87-bed full-service hospital.; Strong ownership.
    Request Owner's contact information
    1492 Mill 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
    1492 Mill Ave Tempe, AZ 85281
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