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    FOR LEASE
    Gas stations

    505 W Warner Rd, Tempe, AZ 85284

    748 SF 1.15 ac lot Built 1989
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US07-2388252
    505 W Warner Rd, Tempe, AZ 85284 For Lease
    $1,400,000
    505 W Warner Rd, Tempe, AZ 85284
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    Property summary
    AI-generated overview

    This exceptional 50,134-square-foot retail or restaurant property presents a unique redevelopment opportunity in the thriving city of Tempe, Arizona. Situated at the southwest corner of Warner Road and Kyrene Road, this single-tenant building sits on a sizable 1.15-acre lot, offering significant potential for adaptive reuse or new construction. Built in 1989, the entire building is currently vacant, providing a blank canvas for a visionary developer. The property's zoning designation is PCC-2 Tempe, allowing for a variety of commercial uses. Its strategic location in Maricopa County, with easy access to major transportation arteries, ensures high visibility and accessibility for any future tenant. The address is 505 W Warner Rd, Tempe, AZ 85284. This property is ideal for businesses seeking a prominent location with substantial space for expansion or redevelopment in a dynamic and growing market. The existing structure offers a solid foundation for a variety of commercial ventures, from large-format retail to innovative restaurant concepts. The ample lot size provides flexibility for expansion or the incorporation of additional amenities. This is a rare opportunity to acquire a significant commercial property in a prime Tempe location.

    Property profile
    Verified
    Property type Gas stations
    Use group SERVICE STATION (FULL SERVICE)
    Year built 1989
    Total area 748 SF
    Lot 1.15 ac (50,175 SF)
    Zoning code GID
    APN 301-60-083C
    UPID US07-2388252
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.40M
    Owner & transaction history
    Old Lobos Del Lago LLC · 3 yrs held
    Old Lobos Del Lago LLC
    since 2023
    Last sale
    $1.5M
    7 recorded transactions
    2025
    2023
    $1.5M
    2011
    $850,000
    2009
    2009
    $1.0M
    2000
    $1.4M
    1969
    Zoning & alternative use
    GID · Tempe, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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