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64 Broadway Rd Tempe, AZ 85282-1353

OFF-MARKET Office buildings Google Maps
41,876 SF 0.41 ac lot Built 1985
Entity Owned 7-yr Hold Free & Clear
Estimated value (blended)
$7.92M
Range $7.13M – $8.71M (±10%)
Property ID US07-1373261

Property summary

AI-generated overview

This Tempe, Maricopa County location offers a diverse range of flexible workspace solutions. The 18,909 square foot Class A building, renovated in 2019, features 350 suites with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are vacant. Options include private, fully furnished offices scalable from single occupancy to large teams, coworking spaces with dedicated desks, and virtual office packages. Amenities include high-speed Wi-Fi, administrative support, reception services, and access to common areas. Tailored solutions are available to accommodate businesses of all sizes, from a single desk to over 100. The building includes elevators. Flexible membership options are available, offering various levels of access and included services. This location provides a professional and collaborative environment, ideal for businesses seeking adaptable and efficient workspace solutions. The building offers a benefits program with exclusive discounts and procurement support.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Construction CONCRETE
Total area 41,876 SF
Lot 0.41 ac (18,025 SF)
Zoning code CSS
APN 133-16-121A
UPID US07-1373261

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
  • Physician Medical Clinic
  • Freight Service Logistics Company
  • Training Center Vocational School
  • Bank Loan Service
  • IT Consulting Firm (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.86M
Blend (final) Blend
$7.92M

Owner & transaction history

since 2019
7 recorded transactions
2019
$7.9M
2016
Price N/A
2000
$3.7M
1997
$773,587
1997
$5.4M
1994
$3.2M
1994
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

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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