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    Property profile & analytics
    FOR LEASE
    Flex space

    1900 E 5Th St, Tempe, AZ 85288

    30,515 SF 2.39 ac lot Built 1967
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US07-2516154
    Property summary
    AI-generated overview

    This exceptional 200-square-foot commercial kitchen, classified as Class B, is perfectly situated in Tempe, Arizona, at 1900 E 5th St, zip code 85281, within Maricopa County. The property is a single-tenant space, categorized as retail and restaurant use, specifically designed as a ghost kitchen. Its compact size makes it an efficient and cost-effective solution for various food businesses. The kitchen is a turnkey operation, ready for immediate occupancy, making it an attractive option for entrepreneurs looking to minimize startup costs and maximize profitability. This location is strategically positioned to capitalize on the high demand for food delivery services in the area. The property's ideal size and location make it suitable for startups, personal chefs, catering companies, food trucks, single-location operators, and national chains seeking expansion opportunities. This is a rare opportunity to establish a thriving food business in a prime Tempe location with minimal overhead. The property offers a significant advantage for businesses seeking to quickly and affordably expand their reach within the thriving Tempe food delivery market.

    Property profile
    Verified
    Property type Flex space
    Use group LIGHT INDUSTRIAL
    Year built 1967
    Construction CONCRETE
    Total area 30,515 SF
    Lot 2.39 ac (103,926 SF)
    Zoning code GID
    APN 132-38-018
    UPID US07-2516154
    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
    • The Chicken Coop AZ Take-out & Catering Catering Service
    • just enough bakery Bakery Specialty Food Shop
    • Wokaholic Restaurant
    • Desi Tadka Indian Restaurant Restaurant
    • Thai-m to Eat Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $5.08M
    Blend (final) Blend
    $5.08M
    Owner & transaction history
    1900 E 5th Street Pho LLC · 7 yrs held
    1900 E 5th Street Pho LLC
    since 2018
    7 recorded transactions
    2018
    2018
    $2.0M
    2017
    1969
    1969
    1969
    1969
    Zoning & alternative use
    GID · Tempe, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $6.2M +29.4%
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    More about this property
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