401 Baseline RdTempe, AZ 85283

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 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.

• 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

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

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