625 Smith RdTempe, AZ 85288

Property Details for 625 Smith Rd

Year built

1985

Construction

CONCRETE

Lot size

2.89 AC

Property size (Sq ft)

40,365 SF

Zone code

GID

Property type

Flex space

APN

132-37-149B

APU

13237149B

Description

This exceptional Tempe, Arizona industrial property, located at 625 S Smith Rd, 85288, offers a prime opportunity for businesses seeking flexible warehouse or manufacturing space. The Fifth Street Commerce Center boasts a total of 17,390 square feet, with multiple tenancies available. Currently, 3,500 square feet of vacant space is immediately available for lease, divisible into units ranging from a minimum of 1,000 square feet to a maximum contiguous space of 1,500 square feet. The property is zoned I-1, ensuring suitability for a variety of industrial uses. Situated in Maricopa County, this location provides convenient access to major transportation routes, making logistics and distribution efficient. The building's modern design and functionality cater to diverse business needs, offering a productive and adaptable workspace. This is an excellent opportunity to secure high-quality industrial space in a thriving Tempe location. Contact us today to learn more about leasing options and to schedule a viewing. The property is located in Maricopa County, Arizona.

• CAP approach

  CAP return

  Valuation

  6%

  $26,272,800

  6.5%

  $24,251,800

  7%

  $22,519,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,380,800

  Geo Method

  $13,380,800

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $12,448,700

  Mixed-Use / Specialty

  $12,414,100

  Hospitality / Lodging

  $9,120,580

  Office

  $12,350,500

  Institutional / Educational

  $12,909,100

  Residential Income

  $15,103,700

  Multifamily

  $18,060,200

  Automotive / Energy

  $11,065,000

  Parking / Income-Based Land

  $3,808,710

  Restaurant / Food Service

  $6,477,580

  Healthcare / Senior Housing

  $12,720,400

Location Insight

City

Tempe

County

Maricopa

State

Arizona

Latitude

33.4242

Longitude

-111.9

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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