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    Property profile & analytics

    700 E Baseline Rd Tempe, AZ 85283

    • Office buildings
    • 1,484 SF
    • 0.72 lot acres
    For Lease
    View listing
    Last Sale
    Feb 01, 2023
    $1,160,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1051613
    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

    • Law Office of Alyson M Foster PLC / Law Firm
    • Desert Sport Chiropractic / Alternative Medicine Practice
    • The Arizona Credit Law Group, PLLC / Law Firm
    • The Shanker Law Firm / Law Firm
    • Kewenvoyouma Law PLLC / Law Firm

    Property Details for 700 E Baseline Rd

    Year built
    1972
    Construction
    STEEL FRAME
    Lot size
    0.72 lot acres
    Property size
    1,484 SF
    Zone code
    RO
    Property type
    Office buildings
    APN
    133-41-498A
    APU
    13341498A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $533,000
      Market price range: $175k - $534k
      AI Estimate
      $533,000
      Market price range: $175k - $534k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,020,000
      RETAIL STORES
      $780,000
      NEIGHBORHOOD: SHOPPING CENTER
      $745,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.931
    Latitude
    33.3786
    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
    $13,605
    $0.00
    $0.00
    $176,501
    -
    $562,600
    $507,100
    $1,069,700

    Comparable in this City

    • Value Estimation
      $535,000
      4,544 SF

      1968 Baseline Rd Ste, Unit 102

      OFFICE BUILDING • 4,544 SF
      1968 Baseline Rd Ste, Tempe, AZ 85283-1531
      View Details
    • Value Estimation
      $19,575,000
      96,586 SF

      7333 Hardy Dr

      OFFICE BUILDING • 96,586 SF
      7333 Hardy Dr, Tempe, AZ 85283-4478
      View Details
    • Value Estimation
      $1,405,000
      5,368 SF

      6532 Ash Ave

      OFFICE BUILDING • 5,368 SF
      6532 Ash Ave, Tempe, AZ 85283-3690
      View Details
    • Value Estimation
      $2,805,000
      7,805 SF

      5857 Kyrene Rd

      OFFICE BUILDING • 7,805 SF
      5857 Kyrene Rd, Tempe, AZ 85283-1731
      View Details
    • Value Estimation
      $8,870,000
      41,968 SF

      40 Baseline Rd

      OFFICE BUILDING • 41,968 SF
      40 Baseline Rd, Tempe, AZ 85283-1258
      View Details
    • Value Estimation
      $4,185,000
      19,631 SF

      1204 Baseline Rd

      OFFICE BUILDING • 19,631 SF
      1204 Baseline Rd, Tempe, AZ 85283-1454
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      46,928 SF

      Tempe Medical Office Investment

      100% leased medical office investment property in Tempe, Arizona.
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    • $1,800,000
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      Tempe Medical/Legal Investment Opportunity

      NNN investment opportunity near the 101 Freeway in Tempe.
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    • $5,700,000
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      Tempe Retail Space For Sale

      13,813 SqFt retail space with 5.53% CAP rate.
      1424 W Baseline Rd, Tempe, AZ 85283
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      Retail Space at Guadalupe & McClintock

      Hard corner retail space with excellent visibility in Tempe.
      6350 S Mcclintock Dr, Tempe, AZ 85283
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      Tempe Retail Center For Sale

      Retail opportunity at a busy Tempe intersection near major freeways.
      Sec Mcclintock Dr & Guadalupe Rd, Tempe, AZ 85283
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    Similar Nearby for Lease

    • Contact for pricing
      30,408 SF

      Tempe Office Building For Rent

      30,408 SF office building in Tempe, Arizona for rent.
      401 W Baseline Rd, Tempe, AZ 85283
      View Details
    • Contact for pricing

      Tempe Office Suites For Rent

      Office suites with individual utilities in a dynamic Tempe location.
      1250 E Baseline Rd, Tempe, AZ 85283
      View Details
    • Contact for pricing

      Tempe Office Space Available

      Professional office complex with vacancies in a vibrant Tempe location.
      700 E Baseline Rd, Tempe, AZ 85283
      View Details
    • Contact for pricing
      1,962 SF

      Tempe Office Space For Rent

      Office space in Tempe with Baseline frontage and parking.
      1980 E Baseline Rd, Tempe, AZ 85283
      View Details
    • Contact for pricing
      741 SF

      Tempe Office Space Available

      Centrally located office space near Loop 101 and ASU.
      2111 E Baseline Rd, Tempe, AZ 85283
      View Details
    • $1.27 SF/Yr

      Tempe Office and Flex Space

      Office and flex space available for lease in Tempe, Arizona.
      125 W Gemini Dr, Tempe, AZ 85283
      View Details
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    700 E Baseline Rd
    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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