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Financial
Distress signals
Property profile

2034 E Southern Ave Tempe, AZ 85282

FOR LEASE
Medical Office Space
Property ID
US07-0926737
5,968 SF 2.41 ac lot Built 1973
Last sale Jan 2014 · $2,303,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional medical office building, located at 2034 E Southern Ave in Tempe, Arizona, offers a variety of lease options. The Southern Avenue Center boasts a total of 24,020 square feet, situated on a 2.41-acre lot. Multiple tenancy is available, with spaces ranging from a minimum of 1,045 square feet to a maximum contiguous space of 1,938 square feet. Currently, 2,983 square feet are vacant and ready for immediate occupancy. The building is zoned R-O and is conveniently located within…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$43k
Tax billed · 2023
Assessed value · 2024$1.03M
Effective rate4.13%

Value estimate

· Oct 2026
$2.34M
$2.10M – $2.57M
Submarket $/SF estimate$1.91M
NOI build-up
Gross scheduled income$649k
Vacancy & credit loss−$45k
Operating expenses−$241k
NOI · 1,904,657.89% cap applied$362k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$205/SF
Submarket average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$137 – $321
Qualifying comparables11

Cap rate analysis

How does the asset earn?
1,904,657.89%
$362k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
RO
The R/O district allows professional and administrative services, live work, and limited retail uses on small parcels located between hig...
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store13.5
Clothing Store12.6
Pawn Shop11.4

Location

2034 E Southern Ave Tempe, AZ 85282
County assessor Recorded deeds · 11 transfers 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2000 Southern, Tempe, AZ 85282-7510 $3,250,000 Nov 2022 6,151 SF
5015 Arizona Mls, Tempe, AZ 85282-6401 $7,855,890 Jul 2022 8,906 SF
2600 Southern Ave, Tempe, AZ 85282-7610 $150,000 Aug 2021 3,810 SF
950 Southern, Tempe, AZ 85282-4512 $4,561,776 Sep 2020 9,988 SF
2238 Ml, Tempe, AZ 85282-2116 $4,445,010 Aug 2020 4,676 SF
433 Broadway, Tempe, AZ 85282-1308 $2,630,000 Oct 2018 9,485 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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