401 Baseline RdTempe, AZ 85283

  • Office properties
  • 33,037 SF
For Lease
$16/SF/YR View listing

Property Details for 401 Baseline Rd

Year built
1986
Construction
STEEL FRAME
Lot size
1.35 AC
Property size (Sq ft)
33,037 SF
Zone code
CSS
Property type
Office properties
Property subtype
Office buildings
APN
301-03-018
APU
30103018

Description

This exceptional executive office suite, located at 401 W Baseline Rd in Tempe, Arizona, presents a unique opportunity. Situated within The Meridian, a Class B office building, this 2,783 square foot space is perfect for a business seeking a prominent presence in a thriving area. The building itself boasts a total of 30,408 square feet spread across two stories, constructed in 1986. The property is zoned CSS and features a single building with convenient access via Kyrene Rd. The address is 401 W Baseline Rd, Tempe, AZ 85283, within Maricopa County. This multiple-tenancy building offers a professional environment, ideal for businesses requiring a substantial and well-located office space. The suite's ample square footage provides flexibility for various layouts and configurations to meet specific business needs. The property's location in Tempe offers easy access to major transportation routes, amenities, and a vibrant business community. The Meridian's convenient location and substantial space make it an attractive option for businesses seeking a strategic location in the heart of Tempe. The property's APN is 301-03-018. This is a rare opportunity to secure a significant office space in a desirable Tempe location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $5,140,779
    6.5%
    $4,745,334
    7%
    $4,406,382
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,092,654
    Geo Method
    $5,092,654
  • Alternative Use

    Use
    Valuation
    Residential
    $5,884,215
    Hospitality
    $5,389,910
    Educational
    $4,484,341
    Medical
    $4,638,564
    Retail
    $6,975,642
401 Baseline Rd, Tempe, Arizona

Location Insight

City
Tempe
County
Maricopa
State
Arizona
Latitude
33.3777
Longitude
-111.944
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
2023
$35,997
-
-
$472,146
-
$957,300
$1,904,191
$2,861,491

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