Technical
Financial
Distress signals
Property profile

410 N Scottsdale Rd Tempe, AZ 85288

FOR SALE
Retail space
Property ID
US07-0862755
29,270 SF 1.64 ac lot Built 2019
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The Watermark offers 33,422 square feet of premium office space in Tempe, Arizona, located at 410 N Scottsdale Rd, 85281. This mixed-use development boasts a prestigious Scottsdale Road address and sits on the north bank of Tempe Town Lake, providing unparalleled views. The building offers multiple tenancy options with one space currently available. The property features a grand lobby entrance with a dramatic 22-foot ceiling height and full slab stone, setting a sophisticated tone. Tenants enjoy access to a state-of-the-art fitness center, a relaxing game room, a convenient bar/lounge, and a spacious 40-person conference center, perfect for meetings and events. Floor-to-ceiling windows in each office provide spectacular 360-degree views of the surrounding area, including the breathtaking Tempe Town Lake. This is truly a best-in-class location offering unparalleled amenities and views. The property is classified as Executive Office, Creative Office, and Traditional Office space, catering to a variety of business needs. Located in Maricopa County, this property offers easy access to major transportation routes and a vibrant urban environment.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2019
Construction CONCRETE
Total area 29,270 SF
Lot 1.64 ac (71,641 SF)
Zoning code MU-4
APN 132-22-031
UPID US07-0862755

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
  • Social Service Agency
  • Film Production Television Studio
  • Barber Shop
  • Specialty Food Shop (Bike/Boat/Book/etc) Store
  • Cafe & Coffee Shop

Location

410 N Scottsdale Rd Tempe, AZ 85288
Tempe metro Census 318700 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
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2025
Last sale
$410,000
3 recorded transactions
2025
$410,000
2020
Price N/A
1969
Price N/A

Zoning & alternative use

MU-4 · Tempe, AZ
Zoning description

MU-4 district require the integration of commercial and residential uses to support pedestrian circulation and transit as alternates to driving, and to provide employment and housing options. The MU-4 district allows unl…

General category MIXED_USE

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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