Entity Owned Property summary
The property is a retail space located at the southeast corner of Elliot Road and Priest Drive in Tempe, approximately 0.5 mile east of Interstate 10. It provides approximately 1,300 square feet of retail area and is situated along a heavily traveled intersection with traffic counts reported at more than 53,000 vehicles per day on Elliot Road and Priest Drive. The center around the site includes established retail uses, and the property has undergone renovations under prior ownership. The surrounding trade area includes a population exceeding 265,000 residents within a 5-mile radius, with a reported median household income above $130,000 per year.
Property profile
VerifiedCap rate & NOI
Current use
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Gym & Fitness Center
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Marketing & Advertising Advertising Agency
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Art Gallery Picture Frame Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The general PCC-2 district is intended to provide retailing, services and entertainment uses oriented to serve the needs of the neighborhood, community or the metropolitan region. Residential uses may be allowed subject…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
PCC-2 · Tempe, AZThe general PCC-2 district is intended to provide retailing, services and entertainment uses oriented to serve the needs of the neighborhood, community or the metropolitan region. Residential uses may be allowed subject…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The general PCC-2 district is intended to provide retailing, services and entertainment uses oriented to serve the needs of the neighborhood, community or the metropolitan region. Residential uses may be allowed subject…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PCC-2 in Tempe, AZ.
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