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    Property profile & analytics

    6408 S Mcclintock Dr Tempe, AZ 85283

    • Strip malls
    • 8,525 SF
    • 9.78 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0919276
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 6408 S Mcclintock Dr

    Year built
    1976
    Construction
    CONCRETE
    Lot size
    9.78 lot acres
    Property size
    8,525 SF
    Zone code
    PCC-1
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    301-48-010L
    APU
    30148010L

    Description

    This exceptional retail property, Tempe Square, located at 6408 S McClintock Dr, Tempe, AZ 85283, offers a fantastic opportunity for businesses seeking a vibrant and accessible location in Maricopa County. The property is a 1,591 square foot retail space currently entirely vacant, presenting a unique chance to customize the space to perfectly suit your needs. The flexible layout allows for multiple configurations, making it ideal for a variety of retail uses, including the possibility of dividing the space into smaller units. The property is classified as commercial retail, and its previous use included a hair salon, indicating its suitability for similar businesses. The address is conveniently situated in Tempe, Arizona, providing excellent visibility and accessibility for customers. With a total of 1,591 square feet of vacant space, this property presents a significant opportunity for a business looking to establish or expand its presence in a thriving market. The property's location offers easy access to major transportation routes, ensuring convenient access for both employees and customers. This is a rare opportunity to secure a prime retail space in a high-demand area. The entire 1,591 square feet is available for lease, offering flexibility in design and layout. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,026,000
      Market price range: $2.17M - $7.03M
      AI Estimate
      $6,763,000
      Market price range: $2.00M - $6.76M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $4,280,000
      Current use
      RESTAURANT
      $5,945,000
      Change: +39% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $5,860,000
      Change: +37% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $4,505,000
      Change: +5% Conversion: Difficult
      RETAIL STORES
      $4,490,000
      Change: +5% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.912
    Latitude
    33.3626
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $168,713
    $0.00
    $0.00
    $3,185,976
    -
    $5,748,800
    $13,958,000
    $19,706,800

    Comparable in this City

    • Value Estimation
      $2,985,000
      5,742 SF

      6373 Rural Rd

      SHOPPING CENTER, STRIP CENTER • 5,742 SF
      6373 Rural Rd, Tempe, AZ 85283
      View Details
    • Value Estimation
      $8,785,000
      10,860 SF

      805 Guadalupe Rd

      SHOPPING CENTER, STRIP CENTER • 10,860 SF
      805 Guadalupe Rd, Tempe, AZ 85283-2935
      View Details
    • Value Estimation
      $10,930,000
      13,517 SF

      35 Baseline Rd

      SHOPPING CENTER, STRIP CENTER • 13,517 SF
      35 Baseline Rd, Tempe, AZ 85283-1280
      View Details
    • Value Estimation
      $16,195,000
      20,024 SF

      201 Baseline Rd

      SHOPPING CENTER, STRIP CENTER • 20,024 SF
      201 Baseline Rd, Tempe, AZ 85283-1243
      View Details
    • Value Estimation
      $6,655,000
      8,228 SF

      101 Baseline Rd

      SHOPPING CENTER, STRIP CENTER • 8,228 SF
      101 Baseline Rd, Tempe, AZ 85283-1201
      View Details
    • Value Estimation
      $2,840,000
      5,012 SF

      935 Guadalupe Rd

      SHOPPING CENTER, STRIP CENTER • 5,012 SF
      935 Guadalupe Rd, Tempe, AZ 85283
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      156,441 SF

      Tempe Retail Center For Sale

      Retail opportunity at a busy Tempe intersection near major freeways.
      Sec Mcclintock Dr & Guadalupe Rd, Tempe, AZ 85283
      View Details
    • Contact for pricing
      20,351 SF

      Tempe Retail Redevelopment Opportunity

      Highly visible site suitable for redevelopment or repurposing in Tempe.
      1204 E Baseline Rd, Tempe, AZ 85283
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      33,400 SF

      Retail Space at Fiesta Plaza

      Retail space available in South Tempe with high traffic volume.
      7420 South Rural Rd, Tempe, AZ 85283
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    • $4,500,000
      13,813 SF

      Prime Location Retail Opportunity

      High-traffic location near I-10 and Arizona Mills.
      1424 W Baseline Rd, Tempe, AZ 85283
      View Details
    • $5,700,000

      Retail Property with Credit Tenants

      NN Leased Investment Opportunity with O’Reilly and Sherwin-Williams.
      1424 W Baseline Rd, Tempe, AZ 85283
      View Details
    • Contact for pricing
      9,398 SF

      Retail Space at Guadalupe & McClintock

      Hard corner retail space with excellent visibility in Tempe.
      6350 S Mcclintock Dr, Tempe, AZ 85283
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      113,544 SF

      Retail Space Near Trader Joe's

      Retail space available in Tempe Square shopping center.
      6408 S Mcclintock Dr, Tempe, AZ 85283
      View Details
    • Contact for pricing
      1,588 SF

      Retail Space Near Trader Joe's

      Retail space available in a Trader Joe's anchored shopping center.
      6404-6454 S Mcclintock Dr, Tempe, AZ 85283
      View Details
    • Contact for pricing
      1,527 SF

      Retail Space in Tempe Center

      Retail space available in a busy Tempe shopping center.
      1849 E Guadalupe Rd, Tempe, AZ 85283
      View Details
    • Contact for pricing
      1,872 SF

      Retail Space in Tempe Center

      Retail space available in a busy Tempe shopping center.
      1835 E Guadalupe Rd, Tempe, AZ 85283
      View Details
    • Contact for pricing
      1,987 SF

      Retail Space in Tempe Center

      Retail space available in a busy Tempe shopping center.
      1855 E Guadalupe Rd, Tempe, AZ 85283
      View Details
    • $28 SF/Yr
      8,750 SF

      High Visibility Retail Space Tempe

      Retail space for lease with high visibility and corner location.
      6323 S Rural Rd, Tempe, AZ 85283
      View Details
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    Tempe, AZ 85283
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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