940 Baseline RdTempe, AZ 85283

Property Details for 940 Baseline Rd

Year built

1978

Construction

CONCRETE

Lot size

20.37 AC

Property size (Sq ft)

15,210 SF

Zone code

PAD

Property type

Strip malls

Property subtype

Neighborhood centers

APN

133-38-496

APU

13338496

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,040,570

  6.5%

  $2,806,680

  7%

  $2,606,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,438,410

  Geo Method

  $2,438,410

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,575,820

  Mixed-Use / Specialty

  $2,755,240

  Hospitality / Lodging

  $1,967,480

  Office

  $2,695,710

  Institutional / Educational

  $2,849,530

  Residential Income

  $3,333,950

  Multifamily

  $4,228,250

  Automotive / Energy

  $2,442,450

  Parking / Income-Based Land

  $883,796

  Restaurant / Food Service

  $1,344,590

  Healthcare / Senior Housing

  $2,867,930

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.3796

Longitude

-111.923

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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