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    947 48Th St Tempe, AZ 85281

    For Lease
    $16 SF/Yr ($17,931 /Mo)

    Modern Tempe warehouse, multiple units available.

    Lot size:
    12,808 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Airport Plaza offers a prime industrial opportunity in Tempe, Arizona's thriving Tempe Northwest Ind submarket. This multi-tenant property, located at 947 S 48th St, Ste 107, Tempe, AZ 85281, features a total of 12,808 square feet of versatile industrial space, ideal for manufacturing or warehouse/distribution operations. Currently, there are two available spaces, each measuring 1,782 square feet, representing a total of 3,564 square feet of vacant space. The minimum divisible space is also 1,782 square feet, and the maximum contiguous space available is also 1,782 square feet. These units boast impressive 15-foot ceilings, providing ample vertical space for storage and operations. The property is classified as industrial, with subtypes including manufacturing and warehouse/distribution, making it suitable for a variety of businesses. Situated in Maricopa County, this location offers excellent access to transportation networks and key logistical arteries. The property is available for lease and presents a compelling opportunity for businesses seeking efficient and well-located industrial space in the dynamic Tempe market. Interested parties should inquire for lease terms and availability.

    Property Features for 947 48Th St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,808 SF
    Total Rate
    17931.2

    Unit(s) available at that property

    Space
    Suite 107
    Size
    1,782 SF
    Rate per SF
    $16
    Space
    Suite 109
    Size
    1,782 SF
    Rate per SF
    $16

    HighLights

    • 12‑foot overhead doors and air‑conditioned warehouse space.
    • Suite 127 lease expires December 31, 2021.
    Property Profile Location Intelligence

    Current Use by Public Records

    Valley Production Services, ... Audio Visual Equipment Supplier Aqua-Serv Engineers Inc Water Treatment Supplier Argent Decor Rustic Furniture Store Arizona Home Floors ... Tile Contractor Infinity Solar USA Solar Energy Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9767431
    Latitude
    33.4185579

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    FAQs

    What type of property is this?
    Distribution property - Modern Tempe warehouse, multiple units available.
    Where is this distribution property located?
    The property is located at 947 48Th St Tempe, AZ.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 12-foot overhead doors and air-conditioned warehouse space.; Suite 127 lease expires December 31, 2021.;
    Request Owner's contact information
    947 48Th St 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
    947 48Th St Tempe, AZ 85281
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