2040 Rural RdTempe, AZ 58282

  • Office buildings
  • 2,184 SF
For Sale
$920,000 View listing

Property Details for 2040 Rural Rd

Year built
1985
Construction
CONCRETE
Lot size
0.27 AC
Property size (Sq ft)
2,184 SF
Zone code
RO
Property type
Office buildings
APN
133-25-040D
APU
13325040D

Description

This exceptional 2,157 square foot medical office building, constructed in 2001, presents a fantastic owner-user opportunity in Tempe, Arizona. Situated on a sizable 11,892 square foot lot at 2040 S Rural Rd, zip code 58282, this stand-alone building enjoys high visibility and ample parking, including a designated handicapped space. The well-designed interior is currently configured to accommodate a diverse range of medical practices. Features include a welcoming reception area with a dedicated children's section, multiple exam rooms, a convenient x-ray facility, and supporting spaces designed for optimal workflow. The building's layout is adaptable to suit various medical specialties, offering flexibility for future expansion or modification. The asking price for this turnkey medical office building is $920,000. This property represents a rare opportunity to acquire a well-established medical office building in a thriving Tempe location. Its prime location, ample parking, and adaptable layout make it an ideal investment for medical professionals seeking a comfortable and efficient workspace. The property is located in Maricopa County.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $384,149
    6.5%
    $354,599
    7%
    $329,271
  • Comparable approach

    Method
    Valuation
    Relative Method
    $336,664
    Geo Method
    $336,664
  • Alternative Use

    Use
    Valuation
    Residential
    $439,703
    Hospitality
    $402,766
    Educational
    $335,096
    Medical
    $346,621
    Retail
    $521,261

Location Insight

City
Tempe
County
Maricopa
State
Arizona
Latitude
33.4062
Longitude
-111.927
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
$5,390
-
-
$61,958
-
$293,300
$82,200
$375,500

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