940 Baseline RdTempe, AZ 85283

  • Retail properties
  • 15,210 SF
For Lease

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
Retail properties
Property subtype
Strip malls
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,787,872
    6.5%
    $3,496,498
    7%
    $3,246,748
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,908,446
    Geo Method
    $5,908,446
  • Alternative Use

    Use
    Valuation
    Residential
    $2,949,427
    Hospitality
    $2,701,659
    Educational
    $2,247,748
    Medical
    $2,325,052
    Retail
    $3,496,498
940 Baseline Rd, Tempe, Arizona

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

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
2016
$216,311
$624,035
$889,298
$1,513,333
-
$3,466,859
$4,940,544
$8,407,403

FAQs

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