424 Southern Ave Tempe, AZ 85282-5206
Property summary
This Tempe, Arizona office building presents a compelling owner-user investment opportunity. The 3,950 square foot freestanding building, constructed in 1982 and zoned RO, is ideally situated on Southern Avenue, offering excellent visibility and convenient access to major freeways (US-60, I-10, and Loop 101). The property boasts recent upgrades, including modern solar panels for energy efficiency and a newly resurfaced roof, ensuring long-term sustainability. Its prime location provides proximity to numerous business and retail amenities. This Class B building offers a solid structure and a strategic investment opportunity for an owner-occupier seeking in-place rental income (Suite 102). The property's location between Rural Road and Mill Avenue in Tempe, Arizona, 85282, ensures high visibility and easy access to a thriving commercial area. This is a rare chance to acquire a well-maintained, energy-efficient office building in a highly desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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Foster Care Service Social Service Agency
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Counselor Family Counselor
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Counselor Family Counselor
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Physician Medical Clinic
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Counselor Practitioner Service Location
Value estimations
Owner & transaction history
Zoning & alternative use
The R/O district allows professional and administrative services, live work, and limited retail uses on small parcels located between higher intensity commercial and multi use zones and residential zones.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
RO · Tempe, AZThe R/O district allows professional and administrative services, live work, and limited retail uses on small parcels located between higher intensity commercial and multi use zones and residential zones.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RO in Tempe, AZ.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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