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Property profile & analytics
OFF-MARKET
Office Spaces

448 Farmer Ave Tempe, AZ 85281

10,548 SF 0.28 ac lot Built 2013
Property ID
Property summary
AI-generated overview

This exceptional ±10,548 square foot, two-story Class A creative office building presents a unique owner-user opportunity in the heart of downtown Tempe, Arizona. Built in 2013, this vacant property boasts a modern, stylish design featuring exposed ceilings, accent lighting, polished concrete floors, expansive glass lines, and fully retractable windows. The interior showcases a sophisticated blend of modern steel and wood finishes, creating a highly desirable workspace. The building includes an elevator and a grand interior staircase connecting the two floors. Ample parking is provided with approximately 4 spaces per 1,000 square feet, all covered or garage-style. Situated on a 0.28-acre lot, the building's Bauhaus architecture is striking, with steel and concrete construction, a flat roof, smooth concrete façade, geometric window fenestration, and steel accents. Its prime location is just two blocks from Mill Avenue, a vibrant entertainment district brimming with restaurants, bars, and nightlife. The property is zoned MU-4 and offers easy access to a high concentration of restaurants, including the popular Culinary Dropout. The asking price for this turnkey property is $4,900,000. This is an unparalleled chance to acquire a high-quality, move-in ready office building in a thriving, dynamic location. The property features a high-quality podium-style design and is 100% available for immediate occupancy. The address is 448 S Farmer Ave, Tempe, AZ 85281, with APN 124-33-447.

Property profile
Verified
Property type Office Spaces
Year built 2013
Total area 10,548 SF
Lot 0.28 ac (12,197 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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