Technical
Financial
Distress signals
Property profile

1721 Warner Rd Tempe, AZ 85284

OFF-MARKET
Strip malls
Property ID
US07-0632567
24,809 SF 7.71 ac lot Built 1986
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A retail opportunity is located in the highly desirable Cobblestone Village shopping center at 1721 E Warner Rd, Tempe, AZ 85284, situated at the prominent intersection of Warner Rd & McClintock Dr. The property offers multiple tenancy options, with two spaces currently available, totaling 1,168 square feet to 3,770 square feet. This vibrant shopping center boasts a substantial 764 parking spaces, ensuring ample convenience for customers. The property is zoned PCC by the City of Tempe and is located in Maricopa County. The strategic location within this established shopping center provides excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The property's Class A designation reflects its high-quality construction and modern amenities. This is a rare opportunity to secure a prime retail space in a thriving Tempe location. The available space offers significant potential for growth and success in a bustling commercial area. Contact us today to learn more about this exceptional retail opportunity and to schedule a viewing.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1986
Construction CONCRETE
Total area 24,809 SF
Lot 7.71 ac (335,935 SF)
Zoning code PCC-1
APN 308-02-075
UPID US07-0632567

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Counselor
  • Veterinary Clinic
  • Hardware & Home Improvement Building Supply
  • Physician Alternative Medicine Practice

Location

1721 Warner Rd Tempe, AZ 85284-4555
Tempe metro Census 810100 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$20.45M
Blend (final) Blend
$19.97M

Owner & transaction history

since 2023
Last sale
$20.0M
7 recorded transactions
2023
$20.0M
2016
$11.2M
2012
Price N/A
2010
$4.8M
2005
$996,581
2005
$400,073
2002
$97,000

Zoning & alternative use

PCC-1 · Tempe, AZ
Zoning description

The neighborhood PCC-1 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 sub…

General category COMMERCIAL
Top alternative use upside
Restaurant $17.3M +38.8%
Auto repair, garage $17.1M +36.9%
Industrial (general) $13.1M +5.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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