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    1986 University Dr Tempe, AZ 85281

    Sponsored
    For Sale
    Contact for pricing

    Prime Tempe location, agricultural/residential potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6,970 square foot lot presents a unique opportunity in Tempe, Arizona. Zoned AG, it offers flexibility for either agricultural use or residential development. Ideally situated near Arizona State University's expansive Tempe campus, this property benefits from its proximity to a vibrant hub of dining and entertainment options. Less than a mile from the Loop 101 freeway, it provides convenient access to major transportation arteries. The site boasts readily available flood irrigation, with power and sewer access conveniently located nearby. This parcel is part of Tempe's Smith Industrial Innovation Hub, an area characterized by high population density and significant traffic counts. Note that this property is the sixth lot from University Drive and its Assessor's Parcel Number (APN) is 132-39-002D. The property's address is 1986 E University Dr, Tempe, AZ 85281. This is a remarkable infill opportunity, and adjacent lots are also available for potential expansion or development. The location offers excellent visibility and accessibility, making it an attractive investment for various projects. This is a rare chance to acquire land in a high-growth area with established infrastructure and strong potential for future appreciation.

    Property Features for 1986 University Dr

    General Information

    Property type
    Farms

    HighLights

    • 6,970 SF lot in Tempe, AZ, zoned AG, suitable for agricultural or residential development.
    • Prime location near ASU Tempe campus and Loop 101 freeway.
    • Part of Tempe's Smith Industrial Innovation Hub, offering high visibility and traffic counts.
    • Convenient access to ASU, Loop 101, and readily available flood irrigation, power, and sewer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.901729
    Latitude
    33.423784

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    FAQs

    What type of property is this?
    Farm - Prime Tempe location, agricultural/residential potential.
    Where is this farm located?
    The property is located at 1986 University Dr Tempe, AZ.
    What are key features of this property?
    This property features: 6,970 SF lot in Tempe, AZ, zoned AG, suitable for agricultural or residential development.; Prime location near ASU Tempe campus and Loop 101 freeway.; Part of Tempe's Smith Industrial Innovation Hub, offering high visibility and traffic counts.
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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
    1986 University Dr Tempe, AZ 85281
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