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    2030/2040 Rural Rd Tempe, AZ 85282
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    2030/2040 Rural Rd Tempe, AZ 85282

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    • Office properties & Spaces
    • 2,157 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 2030/2040 Rural Rd

    Year built
    2001
    Property size
    2,157 SF
    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional 2,157 square foot Class B medical office building, situated on a 11,892 square foot lot in Tempe, Arizona, presents a unique owner-user opportunity. Built in 2001, the single-story building features a well-designed layout ideal for various medical practices. The property boasts excellent visibility from South Rural Road and includes ample parking, accommodating patient needs with a designated handicap space. The interior offers a spacious reception and waiting area, thoughtfully including a children's section, multiple exam rooms, x-ray facilities, and additional support spaces. The property is currently vacant, offering immediate occupancy for a new owner. The asking price is $920,000, and the property is offered with a NNN lease type. The APN is 133-25-040D, and the zip code is 85282. This stand-alone building provides complete autonomy and control, making it an attractive investment for medical professionals seeking a dedicated and well-equipped space to serve their patients. The convenient location and comprehensive amenities make this property a highly desirable asset in the thriving Tempe market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.927
    Latitude
    33.4062

    Comparable in this City

    • Value Estimation by Request
      3,250 SF

      2600 Southern Ave, Unit 1

      MEDICAL BUILDING • 3,250 SF
      2600 Southern Ave, Tempe, AZ 85282-7610
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    • Value Estimation
      $1,680,000
      5,333 SF

      3200 Country Clb Way

      MEDICAL BUILDING • 5,333 SF
      3200 Country Clb Way, Tempe, AZ 85282-4054
      View Details
    • Value Estimation
      $530,000
      1,652 SF

      2039 Ml Ave

      MEDICAL BUILDING • 1,652 SF
      2039 Ml Ave, Tempe, AZ 85282-2137
      View Details
    • Value Estimation
      $525,000
      3,810 SF

      2600 Southern Ave, Unit 8-11

      MEDICAL BUILDING • 3,810 SF
      2600 Southern Ave, Tempe, AZ 85282-7610
      View Details
    • Value Estimation by Request
      1,700 SF

      2600 Southern Ave, Unit 1-160

      MEDICAL BUILDING • 1,700 SF
      2600 Southern Ave, Tempe, AZ 85282-7610
      View Details
    • Value Estimation
      $1,915,000
      5,968 SF

      2034 Southern Ave

      MEDICAL BUILDING • 5,968 SF
      2034 Southern Ave, Tempe, AZ 85282-7522
      View Details

    Similar Nearby for Sale

    • $875,000
      2,157 SF

      Tempe Standalone Medical Office Building

      Standalone Tempe office building, currently built out as medical.
      2030-2040 S Rural Rd, Tempe, AZ 85282
      View Details
    • $900,000
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      Freestanding Office in Tempe, AZ

      Freestanding office building, previously used for chiropractic purposes.
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    • Contact for pricing
      2,157 SF

      Stand-Alone Medical Office Building

      2,157 SF medical office with excellent visibility and parking.
      2030/2040 S Rural Rd, Tempe, AZ 85282
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    • $1,275,000
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      Freestanding Office/Medical Building in Tempe

      3,536 SF office/medical building on 0.92 acres, renovated.
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      2,203 SF

      Tempe Multifamily and Office Opportunity

      Multifamily and office property near Arizona State University.
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      Tempe Office Building For Sale

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    Similar Nearby for Lease

    • Contact for pricing

      Medical/Office Space Available

      Fully built-out medical/office space for lease near ASU.
      1845 E Broadway Rd, Tempe, AZ 85282
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    • $32 SF/Yr
      6,810 SF

      Tempe Medical Office Space

      Move-in-ready medical suites in accessible Tempe location.
      4812 South Mill Ave, Tempe, AZ 85282
      View Details
    • Contact for pricing

      Tempe Medical/Office Space Available

      Professional medical/office space available for lease in Tempe, Arizona.
      2034 E Southern Ave, Tempe, AZ 85282
      View Details
    • $19 SF/Yr

      Tempe Medical/Office Space Available

      Professional medical/office space available for lease in Tempe.
      2034 E Southern Ave, Tempe, AZ 85282
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 4801 South Lakeshore Drive.
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      Tempe Executive Office Space Available

      Modern Tempe offices, various sizes available.
      2717 Southern Ave, Tempe, AZ 85282
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    Tempe, AZ 85282
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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