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    625 Smith Rd Tempe, AZ 85281

    For Lease
    $0.84 SF/Yr ($812 /Mo)

    Modern Tempe flex space; 14 units available.

    Lot size:
    11,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional flex space property, located at 625 S Smith Rd in Tempe's East Industrial submarket within Maricopa County, offers a total of 11,600 square feet of versatile industrial space. Currently, 1,500 square feet are vacant and immediately available for lease, commencing June 1st, 2021. The property, known as the Fifth Street Commerce Center, comprises fourteen individual units ranging in size from 1,000 to 1,800 square feet, perfect for a variety of businesses requiring flexible layouts. The building's classification as "flex" space indicates its suitability for both office and light industrial uses, offering a blend of functionality and adaptability. This prime location within the Tempe East Industrial submarket provides excellent access to major transportation routes, ensuring efficient logistics and convenient commutes for employees and clients. The multiple tenancy structure allows for a diverse range of businesses to coexist within the same building, fostering a dynamic and collaborative environment. Interested parties are encouraged to inquire about lease terms and unit availability to secure their space in this thriving Tempe business hub. The property's size and layout offer significant potential for businesses seeking a flexible and strategically located industrial space.

    Property Features for 625 Smith Rd

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,600 SF
    Total Rate
    812

    Unit(s) available at that property

    Space
    Suite 6
    Size
    1,800 SF
    Rate per SF
    $9
    Space
    Suite 5
    Size
    1,800 SF
    Rate per SF
    $11
    Space
    Suite 22
    Size
    1,750 SF
    Rate per SF
    $9
    Space
    Suite 19
    Size
    1,000 SF
    Rate per SF
    $11
    Space
    Suite 14
    Size
    1,000 SF
    Rate per SF
    $10
    Space
    Suite 20
    Size
    1,000 SF
    Rate per SF
    $10
    Space
    Suite 29
    Size
    1,000 SF
    Rate per SF
    $10
    Space
    Suite 25
    Size
    1,000 SF
    Space
    Suite 17
    Size
    1,000 SF
    Space
    Suite 24
    Size
    1,000 SF
    Rate per SF
    $11
    Space
    Suite 26
    Size
    1,000 SF
    Space
    Suite 32
    Size
    1,500 SF
    Rate per SF
    $1.30
    Space
    Suite 30
    Size
    1,000 SF
    Space
    Suite 21
    Size
    1,750 SF
    Rate per SF
    $0.84

    HighLights

    • 11,600 SF industrial flex building in Tempe, Maricopa County.
    • 1,500 SF of vacant space currently available.
    • Multiple tenants occupy the building.
    • 14 individual units ranging from 1,000 to 1,800 SF are available for lease.
    • Located in the Tempe East Industrial submarket.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Applied Materials Technologies Real Estate Agency Sheehans's Designers Supply Furniture Store Paradigm Consulting Services ... Manufacturer Sunup america Solar Energy Company Carpro Auto Body Auto Repair Shop

    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
    -111.8996635
    Latitude
    33.4240606

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    FAQs

    What type of property is this?
    Flex space - Modern Tempe flex space; 14 units available.
    Where is this flex space located?
    The property is located at 625 Smith Rd Tempe, AZ.
    What is the lease rate?
    The lease rate is $0.00-$11 SF/Yr.
    What are key features of this property?
    This property features: 11,600 SF industrial flex building in Tempe, Maricopa County.; 1,500 SF of vacant space currently available.; Multiple tenants occupy the building.
    Request Owner's contact information
    625 Smith Rd Tempe, AZ 85281
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    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
    625 Smith Rd Tempe, AZ 85281
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