Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    1492 Mill Ave Tempe, AZ 85281

    • Medical offices
    • 64,609 SF
    • 1.67 lot acres
    For Lease
    View listing
    $21 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US07-3447709
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Biltmore ENT, Facial Plastics & Allergy / Otolaryngology Clinic
    • Arizona Wound Centers / Medical Clinic / Doctor
    • East Valley Women's Medical Group / Women'S Health Clinic
    • Women's Health Associates Tempe / Medical Clinic
    • Foot & Ankle Clinics of Arizona/Tempe / Podiatrist

    Property Details for 1492 Mill Ave

    Year built
    1996
    Construction
    CONCRETE
    Lot size
    1.67 lot acres
    Property size
    64,609 SF
    Zone code
    R-4
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    133-18-041
    APU
    13318041

    Description

    This exceptional Class A medical office building, totaling 59,808 square feet, is situated on the Tempe St. Luke's Hospital campus in Maricopa County, Arizona. Built in 1996, the three-story building offers multiple tenancy options, with spaces ranging from a minimum of 1,739 square feet to a maximum contiguous space of 2,427 square feet. Currently, 12,490 square feet is available for lease. The property sits on a 1.67-acre lot and provides ample patient and covered staff parking. Its convenient location on the campus of an 87-bed full-service hospital offers immediate access to a wide array of services, including diagnostic imaging, cardiovascular care, orthopedic services, women's care, and a wound center. This presents a unique opportunity for medical professionals seeking a prestigious and well-equipped space within a thriving healthcare environment. The address is 1492 S Mill Ave, Tempe, AZ 85281. This property is ideal for practices seeking high visibility and convenient access to a large patient base. The building's modern design and ample parking ensure a comfortable and efficient experience for both patients and staff.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.942
    Latitude
    33.4129
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $161,787
    $0.00
    $0.00
    $2,162,534
    -
    $2,737,800
    $10,368,466
    $13,106,266

    Comparable in this City

    • Value Estimation by Request
      10,389 SF

      1602 Priest Dr Ste, Unit 102

      MEDICAL BUILDING • 10,389 SF
      1602 Priest Dr Ste, Tempe, AZ 85281-6486
      View Details
    • Value Estimation by Request
      1,271 SF

      170 Ash Ave, Unit 4

      MEDICAL BUILDING • 1,271 SF
      170 Ash Ave, Tempe, AZ 85281-2832
      View Details
    • Value Estimation by Request
      8,338 SF

      1634 Priest Dr Ste, Unit 101

      MEDICAL BUILDING • 8,338 SF
      1634 Priest Dr Ste, Tempe, AZ 85281-6499
      View Details
    • Value Estimation by Request
      10,389 SF

      1626 Priest Dr Ste, Unit 103

      MEDICAL BUILDING • 10,389 SF
      1626 Priest Dr Ste, Tempe, AZ 85281-6598
      View Details
    • Value Estimation by Request
      8,338 SF

      1634 Priest Dr Ste, Unit 102

      MEDICAL BUILDING • 8,338 SF
      1634 Priest Dr Ste, Tempe, AZ 85281-6592
      View Details
    • Value Estimation
      $1,555,000
      10,389 SF

      1626 Priest Dr Ste, Unit 101

      MEDICAL BUILDING • 10,389 SF
      1626 Priest Dr Ste, Tempe, AZ 85281-6598
      View Details

    Similar Nearby for Sale

    • $695,000
      37,735 SF

      Class A Office Space Available

      2,361 SF Class A office space near Sky Harbor.
      1095 W Rio Salado Pkwy, Tempe, AZ 85281
      View Details
    • Contact for pricing
      48,654 SF

      Tempe Executive Office Building

      48,654 SF Office Space - For Sale
      432 Farmer Ave, Tempe, AZ 85281
      View Details
    • $4,900,000
      10,548 SF

      Downtown Tempe Creative Office

      ±10,548 SF Owner-User Opportunity
      448 Farmer Ave, Tempe, AZ 85281
      View Details
    • Contact for pricing
      147,495 SF

      New Build Trophy Office Asset

      New office building in Tempe's Novus Innovation Corridor.
      1331 E Rio Salado Pkwy, Tempe, AZ 85281
      View Details
    • $949,995

      Tempe Triplex Near ASU

      Well-maintained triplex near ASU with strong in-place cash flow.
      1234 S Farmer Ave, Tempe, AZ 85281
      View Details
    • $1,450,000

      Historic Craftsman Bungalow with Apartments

      Iconic 1918 Craftsman with main house and guest apartments.
      948 S Ash Ave, Tempe, AZ 85281
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      5,387 SF

      Tempe Office Space for Lease

      Flexible Workspaces in Tempe, AZ
      2005 14Th St, Tempe, AZ 85281
      View Details
    • $21 SF/Yr
      59,808 SF

      Tempe Medical Office Space Available

      Prime Tempe location, medical office suites.
      1492 Mill Ave, Tempe, AZ 85281
      View Details
    • $15 SF/Yr
      1,895 SF

      Medical Office Space Available

      Medical office space with exam rooms, reception, and ADA access.
      2428 E Apache Blvd, Tempe, AZ 85281
      View Details
    • $18 SF/Yr
      19,950 SF

      Casa Loma Tempe Office Space

      Tempe Office Suites: 7 spaces available
      398 Mill Ave, Tempe, AZ 85281
      View Details
    • $19 SF/Yr
      64,072 SF

      Tempe Warehouse Space Available

      Versatile Tempe industrial space for lease.
      1605 University Dr, Tempe, AZ 85281
      View Details
    • $1.45 SF/Yr
      2,225 SF

      Tempe Flex Space Available

      Move-in ready flex space with high-quality built-out.
      1525 W University Dr, Tempe, AZ 85281
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1492 Mill Ave
    Tempe, AZ 85281
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.