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Property profile & analytics
FOR LEASE
Strip malls

1845 E Broadway Rd Tempe, AZ 85282

36,274 SF 2.92 ac lot Built 1985
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US07-2246088
Property summary
AI-generated overview

This exceptional retail opportunity is situated at 1845 E Broadway Rd, Tempe, AZ 85281, on the southeast corner of Broadway Road and McClintock Drive. The single-story, 36,432 square foot building, constructed in 1985, offers multiple tenancy options with a minimum divisible space of 1,558 square feet. Currently, there are 2,172 square feet of vacant space available for lease. The property is zoned C-2 and located in Maricopa County. Its strategic location provides excellent visibility and accessibility, benefiting from proximity to major transportation arteries including I-60 and 101 Freeways, and is just two miles from Arizona State University. The property is also conveniently located one intersection south of the new light rail transit system extending from ASU to Loop 101, ensuring high foot traffic and convenient access for customers. Established tenants include VCA Tri-City Animal Hospital, Cosmo Prof, Burger King, America's Health Suites, Simply Smashing, and Catalyst Brewing, demonstrating the center's strong appeal and established tenant base. This property presents a compelling investment opportunity for businesses seeking a high-traffic location in a thriving Tempe market. The available space offers a chance to establish or expand a retail presence in a well-established and convenient shopping center.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1985
Construction CONCRETE
Total area 36,274 SF
Lot 2.92 ac (127,250 SF)
Zoning code CSS
APN 133-44-028N
UPID US07-2246088
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • SALT Sea And Land Tacos Restaurant
  • 老城滋味 Restaurant
  • Arricka Crayton Spa & Massage Center Alternative Medicine Practice
  • Micaela Simon Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$31.56M
Blend (final) Blend
$31.56M
Owner & transaction history
Rmaf Ia LLC · 1 yrs held
Rmaf Ia LLC
since 2024
7 recorded transactions
2024
Price N/A
2024
Price N/A
2010
$4.5M
2007
Price N/A
2007
Price N/A
2007
$4.0M
1969
Price N/A
Zoning & alternative use
CSS · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $25.3M +36.1%
Auto repair, garage $24.9M +34.2%
Industrial (general) $21.5M +15.7%
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