2415 Rural RdTempe, AZ 85282

Property Details for 2415 Rural Rd

Year built

1969

Construction

CONCRETE

Lot size

0.37 AC

Property size (Sq ft)

1,063 SF

Zone code

RO

Property type

Healthcare properties

Property subtype

Medical offices

APN

133-42-001

APU

13342001

Description

This ±2,800 square foot free-standing medical office building is ideally situated in Tempe, Arizona, at 2415 S Rural Rd, between E Concorda Dr and E Loma Vista Dr (Rural Rd & Loma Vista Dr). Built in 1972, the property boasts a convenient 7.86 parking spaces per 1,000 square feet ratio. The building features multiple tenancies and is zoned C (Commercial). The Maricopa County property (APN 133-42-001) offers executive offices, a bathroom with a shower, and additional basement office space. Its central Tempe location provides easy access to shopping amenities, Arizona State University (less than 10 minutes away), and the I-202 freeway. The property benefits from convenient access to the US 60 and is currently undergoing capital improvements. This presents a unique opportunity for investors or businesses seeking a well-located medical office space in a thriving area. The property is available for both sale and lease.

• CAP approach

  CAP return

  Valuation

  6%

  $185,680

  6.5%

  $171,397

  7%

  $159,154

• Comparable approach

  Method

  Valuation

  Relative Method

  $163,861

  Geo Method

  $163,861

• Alternative Use

  Use

  Valuation

  Residential

  $212,532

  Hospitality

  $194,678

  Educational

  $161,970

  Medical

  $167,540

  Retail

  $251,953

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.4023

Longitude

-111.926

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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