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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

3116 Mill Ave Tempe, AZ 85282

11,262 SF
Property ID
Property summary
AI-generated overview

Mill Plaza, a newly remodeled retail center in the heart of Tempe, Arizona, presents a unique opportunity for businesses seeking high visibility and strong foot traffic. This 11,262 square foot property, zoned for commercial use within the City of Tempe, Maricopa County, offers multiple tenancy options. Currently, 6,550 square feet of retail space is available, divisible into units ranging from a minimum of 1,653 square feet to a maximum contiguous space of 4,897 square feet. The center benefits from its strategic location near Arizona State University's main campus (just two miles north), attracting a large student population of 50,000. Furthermore, a dense workforce of 300,000 people resides within a five-mile radius, ensuring consistent daytime traffic. The property is anchored by a newly constructed Fry's Fuel and a newly remodeled Fry's grocery store, a significant draw for consumers. High traffic counts exceeding 60,000 vehicles daily on the intersecting roadways further enhance the property's visibility and accessibility. This prime location offers exceptional potential for businesses seeking to establish a strong presence in a thriving Tempe market. The property consists of a single building with multiple suites.

Property profile
Verified
Property type Retail properties & Spaces
Total area 11,262 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
Current use
Occupant on record · Public records
  • HARRINGTON PLANNING + DESIGN Construction Company
  • DreamHed Records Recording Studio
  • Pro Edge Sports Courts USA Construction Company
  • Gary D. Stromberg & Associates Physician
  • IT Partners IT Consulting Firm (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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