3200 Rural Rd, Tempe, AZ 85282-3870
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.
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Weller Realty & Management Real Estate Agency
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Nicholas Cutunilli, OD Physician
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Karen Chow, MD Physician
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John D. Pearson, OD Physician
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Trina Cheng, OD Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CSS · Tempe, AZTempe. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.