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Former Urgent Care Center-Free Standing Build 1804 W Elliot Rd 3,700 SF Office Building Tempe, AZ 85284 $1,295,000 ($350/SF) 6.91% Cap Rate
Investment Highlights
- Prime Tempe Owner-User Opportunity
- Rare Freestanding Medical Building Near I-10
- ±3,700 SF freestanding building on 0.69-acre parcel.
- Former HonorHealth Urgent Care
- Permitted Uses Include Retail-Office-Medical
Executive Summary
Designed for medical use, the building is fully built out and adaptable for a variety of uses, including medical, general office, or retail, making it an ideal fit for a wide range of owner-users seeking a high-profile location. Surrounded by major national retailers including Starbucks, Chipotle, Whataburger, Savers, Circle K, McDonald's and Coca-Cola, generating exceptional daily traffic. Ideal for medical practices, dental, veterinary, professional office, specialty retail, or investors seeking future occupancy.
The property is currently leased to HonorHealth on a triple net (NNN) basis through May 2027, with approximately 1.1 years remaining. The tenant has indicated no intention to renew, allowing for near-term occupancy with minimal downtime and capital investment.
The property is immediately surrounded by high-traffic retailers including Whataburger and Savers, along with a strong concentration of nearby auto dealerships and service businesses, creating a highly active commercial corridor with consistent daily traffic and excellent consumer draw.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$89,540
|
$24.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$89,540
|
$24.20
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $89,540 |
| Annual Per SF | $24.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $89,540 |
| Annual Per SF | $24.20 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- 24 Hour Access
- Banking
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Situated in South Tempe, this single-story, 3,700-square-foot medical office property at 1804 W Elliot Rd provides a rare opportunity to occupy a professionally designed and well-maintained facility. Constructed in 1997, the building offers functional and modern infrastructure to support a variety of medical or office users. Its design incorporates a flexible open layout, dedicated reception area, and interior improvements suited for healthcare, bio-tech, or general office functionality.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 3,700 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 3,700 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 3,700 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Situated in South Tempe, this single-story, 3,700-square-foot medical office property at 1804 W Elliot Rd provides a rare opportunity to occupy a professionally designed and well-maintained facility. Constructed in 1997, the building offers functional and modern infrastructure to support a variety of medical or office users. Its design incorporates a flexible open layout, dedicated reception area, and interior improvements suited for healthcare, bio-tech, or general office functionality.
Property Taxes
| Parcel Number | 301-41-134C | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $121,283 |
Property Taxes
