Property profile

3200 Rural Rd Tempe, AZ 85282

OFF-MARKET
Office buildings
Property ID
US07-0660209
2,376 SF 0.36 ac lot Built 1973
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents two well-maintained office/retail buildings situated on a prominent 0.36-acre corner lot in South Tempe, Arizona. The property boasts 15,800 square feet of land and offers two convenient access points, ensuring optimal visibility and accessibility. Its strategic location, just half a mile north of US 60 and minutes from Arizona State University and Sky Harbor Airport, guarantees high traffic counts and a strong tenant pool. The buildings benefit from excellent visibility on Rural Road and feature ample private on-site parking for tenants and visitors. Both buildings have recently undergone significant improvements, including new tile roofs installed in 2017. Currently configured into three separate suites, each suite is equipped with its own HVAC system and private bathroom, providing tenants with maximum comfort and privacy. The property is master-metered for electricity, water, sewer, and trash, simplifying utility management. This property offers immediate income generation with no current vacancies. One tenant enjoys a long-term lease exceeding 25 years, while other leases expire in September 2025, February 2026, and September 2026. All tenants are established professional businesses. The seller is open to considering a carryback financing option, in addition to cash or conventional financing. This is a rare opportunity to acquire a stable, high-income-producing commercial property in a prime Tempe location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1973
Construction CONCRETE
Total area 2,376 SF
Lot 0.36 ac (15,886 SF)
Zoning code CSS
APN 133-28-001Q
UPID US07-0660209

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
  • Real Estate Agency
  • Physician
  • Physician
  • Physician
  • Physician

Location

3200 Rural Rd Tempe, AZ 85282-3870
Tempe metro Census 319600 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.16M
Blend (final) Blend
$1.67M

Owner & transaction history

since 2025
Last sale
$1.2M
3 recorded transactions
2025
$1.2M
2006
Price N/A
2006
Price N/A

Zoning & alternative use

CSS · Tempe, AZ
Zoning description

balconies, pedestrian arcades, covered (non-enclosed) bicycle parking and similar architectural features placed on or in front of the street-facing side of the building are allowed within the setback. d Properties zoned…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.6M +127.0%
Retail stores $1.3M +73.9%
Neighborhood: shopping center $1.2M +69.1%

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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