Tempe Retail Showroom For
9959 S Priest Dr Tempe, AZ
For Sale
Contact for pricing
Retail showroom with truckwell and ample parking in Tempe, AZ.
Property Size24,888 SF
Lot Size1.52 Acres
Price / SF$200.90
Days on Market334
Property Features for 9959 S Priest Dr
General Information
- Standard status
- Active
- Size
- 24,888 SF
- Lot size
- 1.52 Acres
- Property subtype
- RETAIL
Listing Agency:
Lee & Associates | Phoenix
(602) 954-3753
Listed By:
Thomas Boyle
Source:
Moodyscre
Added: Aug 26, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates | Phoenix
Investment Insights
Based on property information with market context.
This retail showroom property, built in 2000, features 24,888 square feet of space with full air conditioning. The lot size is 66,042 square feet. It includes a truckwell and 47 parking stalls. The property is zoned PCC-2 under the City of Tempe.
Key Highlights
- Large Lot Size: 66,042 SF
- Retail Showroom: 100% AC
- Ample Parking: 47 Stalls
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $448.0k | $18.00 |
| − Vacancy | −$33.6k | −$1.35 |
| EGI | $414.4k | $16.65 |
| − OpEx | −$124.3k | −$5.00 |
| NOI | $290.1k | $11.66 |
24,888 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.14M
$3.63M – $4.83M
NOI $290,070 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.83M
$6.85M – $9.13M
NOI $547,845 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Woodbridge Interiors Outlet
Furniture & Home Goods
Similar Off Market Nearby
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- ABC Handyman Services - Drywall Framing Popcorn Ceiling Painting Crown Molding Installers — 6363 w kent dr #125, chandler, az 85226
FAQs
What type of property is this?
Showroom - Retail showroom with truckwell and ample parking in Tempe, AZ.
Where is this showroom located?
The property is located at 9959 S Priest Dr Tempe, AZ.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Large Lot Size: 66,042 SF; Retail Showroom: 100% AC; Ample Parking: 47 Stalls
