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950 Elliot Rd Tempe, AZ 85284-1144

Office buildings Google Maps
42,626 SF 1.78 ac lot Built 1999
Entity Owned 9-yr Hold ~ Est. High Equity
Estimated value (blended)
$15.11M
Range $13.60M – $16.62M (±10%)
Property ID US07-0787889

Property summary

AI-generated overview

Acacia Court offers 105,281 square feet of Class B office space in two, two-story buildings, situated on 950-960 W Elliot Rd, Tempe, AZ 85284. This multi-tenant complex boasts high-end finishes and an attractive central courtyard. The property features 6 available spaces ranging from 1,613 to 8,199 square feet, ideal for businesses seeking executive or creative office environments. Located in the desirable South Tempe/Ahwatukee submarket, Acacia Court benefits from exceptional access to major transportation arteries. Elliot Road, a primary east-west thoroughfare, provides convenient commutes throughout Tempe, Mesa, Gilbert, and Chandler. Furthermore, the property enjoys proximity to Interstate 10, US 60 Superstition Freeway, and Loop 101 Freeway, ensuring easy access to all of metropolitan Phoenix and Phoenix Sky Harbor International Airport. The property offers a generous 4.1/1,000 parking ratio, ensuring ample parking for tenants and their guests. Built in 2000, this Maricopa County property presents a compelling opportunity for businesses seeking a well-located, high-quality office space.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1999
Construction STEEL FRAME
Total area 42,626 SF
Lot 1.78 ac (77,345 SF)
Zoning code GID
APN 301-90-005F
UPID US07-0787889

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
  • Employment Agency
  • Law Firm
  • (Bike/Boat/Book/etc) Store Hardware & Home Improvement
  • Postal Service Courier Service
  • Financial Advisor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$15.81M
Blend (final) Blend
$15.11M

Owner & transaction history

since 2016
7 recorded transactions
2019
Price N/A
2017
Price N/A
2016
$15.2M
2011
$9.5M
2005
$17.7M
1999
Price N/A
1999
Price N/A

Zoning & alternative use

GID · Tempe, AZ
Zoning description

General Industrial District is designed to provide, office uses, warehousing, wholesaling, assembling and manufacturing of building materials, machinery and other commodities to provide employment centers and production.

General category INDUSTRIAL
Top alternative use upside
Industrial (general) $22.5M +126.5%
Retail stores $22.4M +125.6%
Neighborhood: shopping center $21.4M +115.1%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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