Technical
Financial
Distress signals
Property profile

940 Baseline Rd Tempe, AZ 85283

OFF-MARKET
Strip malls
Property ID
US07-2292666
15,210 SF 20.37 ac lot Built 1978
Entity Owned 7-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 30,000 square foot retail space is ideally situated at 940 E Baseline Rd in Tempe, Arizona, within Maricopa County. The property is a single-tenant building, offering a significant opportunity for a business seeking a large, high-visibility location. The entire 30,000 square feet is currently vacant and available for lease, presenting a blank canvas for a prospective tenant to customize the space to their exact specifications. The property's address is easily accessible, boasting high traffic counts and excellent visibility along Baseline Road, a major thoroughfare in Tempe. This makes it an ideal location for businesses seeking maximum exposure to potential customers. The property type is classified as commercial retail, suitable for a wide range of retail uses. The zip code for this property is 85283. Given its size and location, this property represents a rare opportunity for a business seeking a substantial presence in the thriving Tempe market. Interested parties are encouraged to inquire for further details and leasing information. The property's geographic coordinates are latitude 33.3790649 and longitude -111.9260821.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1978
Construction CONCRETE
Total area 15,210 SF
Lot 20.37 ac (887,447 SF)
Zoning code PAD
APN 133-38-496
UPID US07-2292666

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
  • Furniture & Home Goods Home Decor Store

Location

940 Baseline Rd Tempe, AZ 85283-1313
Tempe metro Census 319401 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.15M

Owner & transaction history

Zoning & alternative use

PAD · Tempe, AZ
Top alternative use upside
Restaurant $10.6M +38.8%
Auto repair, garage $10.5M +36.9%
Industrial (general) $8.0M +5.3%

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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