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Property profile & analytics
OFF-MARKET Estimated value $59,345,000
Outlet malls

1850 Rio Salado Pkwy Tempe, AZ 85281-2165

143,785 SF 10.5 ac lot Built 2007
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US07-1034758
Property summary
AI-generated overview

This exceptional Class A office space, located at 1850 W Rio Salado Pkwy in Tempe, Arizona, 85281, offers 37,398 square feet currently available for lease. Built in 2014, the property boasts a LEED Gold Standard certification, reflecting its commitment to sustainability. The building features prominent building signage for excellent visibility and impressive 10-foot windows throughout, maximizing natural light and creating a bright, modern workspace. Tenants will enjoy convenient access with excellent ingress and egress, along with covered parking spaces. Its prime location offers unparalleled convenience, situated adjacent to the Tempe Center for the Arts. High-speed internet access is readily available, with Cox and CenturyLink services directly on Rio Salado Parkway and additional providers accessible on Priest Drive. Furthermore, the Salt River/Rio Salado Multi-Use Path runs along the north edge of the property, promoting a healthy and sustainable work environment. This multi-tenant building offers a variety of office configurations suitable for traditional, creative, and executive office needs. The property is a truly exceptional opportunity for businesses seeking a prestigious and functional office space in a vibrant Tempe location.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2007
Construction CONCRETE
Total area 143,785 SF
Lot 10.5 ac (457,379 SF)
Zoning code RCC
APN 132-35-964
UPID US07-1034758
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
  • Centene Corporate Office
  • Dr. Wendy Orm Pediatrician Physician
  • Curative COVID-19 Test Site Medical Laboratory
  • Dean Franke Pharmacy
  • Lpt Liberty Property Trust Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$59.89M
Blend (final) Blend
$59.35M
Owner & transaction history
Rs Phoenix Portfolio LLC · 7 yrs held
Rs Phoenix Portfolio LLC
since 2018
2 recorded transactions
2018
Price N/A
1969
Price N/A
Zoning & alternative use
RCC · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $98.8M +30.5%
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