1985 5Th StTempe, AZ 85281

Property Details for 1985 5Th St

Year built

1980

Construction

STEEL FRAME

Lot size

2.29 AC

Property size (Sq ft)

35,000 SF

Zone code

GID

Property type

Flex space

APN

132-39-007Q

APU

13239007Q

Description

This Tempe East Industrial submarket warehouse, located at 1985 E. 5th St (cross streets: 5th St & Smith), offers 1,750 square feet of immediately available space within a larger 35,175 square foot building. The property is zoned I-2 and situated in Maricopa County, Arizona, zip code 85281. Built in 1980, the building features a desirable 16-foot ceiling height, providing ample vertical space for various industrial uses. The property is designated as a multi-tenant building, offering a collaborative environment. Ample parking is available with 98 total spaces. The available space is ideal for automotive-related businesses or other industrial tenants seeking a well-located and functional warehouse in a thriving Tempe submarket. The property's location provides easy access to major transportation routes, enhancing logistical efficiency. This is a rare opportunity to secure warehouse space in a highly sought-after area. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $22,769,100

  6.5%

  $21,017,600

  7%

  $19,516,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,596,100

  Geo Method

  $11,596,100

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $10,788,500

  Mixed-Use / Specialty

  $10,758,600

  Hospitality / Lodging

  $7,904,330

  Office

  $10,703,600

  Institutional / Educational

  $11,187,600

  Residential Income

  $13,089,500

  Multifamily

  $15,651,700

  Automotive / Energy

  $9,589,410

  Parking / Income-Based Land

  $3,300,770

  Restaurant / Food Service

  $5,613,810

  Healthcare / Senior Housing

  $11,024,000

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.4252

Longitude

-111.901

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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