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    1250 Baseline Rd Tempe, AZ 85283

    Sponsored
    For Sale
    $2,435,000

    Tempe, AZ Investment Opportunity

    Property size:
    10,272 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully leased, 10,272 square foot Class B office building situated on a 32,670 square foot lot in Tempe, Arizona. The property, known as East Baseline Professional Plaza, boasts a strong 6.30% cap rate and a substantial net operating income (NOI) of $153,488. Built in 1980 and extensively renovated in 2022, the two-story building features a wood frame and stucco exterior, an elevator, and a well-maintained courtyard. The property offers 20 covered parking spaces (5 spaces per 1,000 sq ft), and each suite includes its own bathroom. The building is currently 100% occupied with multi-tenant leases, providing immediate cash flow. Rents are either full-service (net of janitorial) or gross. Located at 1250 E Baseline Rd, Tempe, AZ 85283, the property benefits from prominent street frontage and enjoys a desirable location along Baseline Road. The property is zoned PCC-2, City of Tempe. Recent improvements include a new roof underlayment and coating (March 2022). This is a rare opportunity to acquire a well-maintained, high-performing multi-tenant office building in a thriving Tempe market. The asking price is $2,435,000, translating to $237.05 per square foot.

    Property Features for 1250 Baseline Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    10,272 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1980/2022
    Stories
    2

    HighLights

    • Multi‑tenant commercial building.
    • Wood‑frame and stucco construction.
    • Two‑story building with elevator.
    • Attractive, well‑maintained courtyard.
    • Twenty covered parking spaces.
    • Full‑service or gross lease options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Xaviona At The INK BAR Tattoo Shop Hugo A. Tapia, PhD Psychologist Colleen Huber Alternative Medicine Practitioner Kenneth Lashutka Alternative Medicine Practitioner Phoenix Valley Massage ... Massage Therapist

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -111.9181053
    Latitude
    33.3787543

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    FAQs

    What type of property is this?
    Office Property / Space - Tempe, AZ Investment Opportunity
    Where is this office property / space located?
    The property is located at 1250 Baseline Rd Tempe, AZ.
    What is the asking price?
    The asking price for this property is $2,435,000.
    What are key features of this property?
    This property features: Multi-tenant commercial building.; Wood-frame and stucco construction.; Two-story building with elevator.
    (480) 966-4373
    Request Owner's contact information
    1250 Baseline Rd Tempe, AZ 85283
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    Tempe, AZ 85283
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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
    1250 Baseline Rd Tempe, AZ 85283
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