Office

8700 South Price Road

8700 south price road, tempe, AZ 85284

Price

Price on request

Market rate estimate — not broker-provided

Cost-of-Business Details

Medium Confidence

Low

$23.48/SF

Mid

$29.35/SF

High

$35.22/SF

Tier Used

tax_cap_reverse

Estimated from market cap rate (7.2%), property tax rate (0.01%), and wage-adjusted baseline.

Tier Resolution Trace

Tier 1insufficient_data

Tier 2successselected

Cost Breakdown

Component	Value	Detail	Source
Base Rent	$29.35/SF	—	tax_cap_reverse
Utilities	—	17.0¢/kWh	OpenEI URDB
Property Tax	—	0.0% eff. rate	API Ninjas
Labor Index	—	$1413/wk	BLS QCEW

Source Provenance (3)

Source	Type	Count	Year	Freshness	Peer
Market Reports	cap_rate	—	—	quarterly	—
API Ninjas	property_tax	—	—	annual	—
BLS QCEW	wage_index	—	—	quarterly	—

Data sources used

market_reportsproperty_taxwage_index

Description

Office for Lease in ASU Research Park Two-story building with single-use availability or multi-tenant plans available.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

8700 south price road, tempe, AZ 85284

Leaflet © OpenStreetMap contributors

Market Context

As of Q1 2026, the Phoenix office market showed cap rates around 7.2%. Source: multiple brokerages Q1 2026 market report.

Projected current pricing

low confidence

Projected asking rent

$20.76–$21.38/SF/yr

Estimated sale value

$134–$179/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 investingincre com data (cap rate 7.2%, asking rent trend-adjusted to today).

View the full Phoenix Office market report →

Compare it against other office listings for sale in Tempe, AZ to benchmark pricing and space — view the full market.

Office market FAQ

What is the typical cap rate for office in Phoenix?: About 7.2% as of Q1 2026, per multiple brokerages.

Unified Estimate

Medium Confidence

$24.95/SF-$33.75/SF

Mid: $29.35/SF

Cost-of-business estimate only; rate estimator unavailable.

Sale Price History

Market report quarterly trend fallbackFIPS 04013

Low Confidence

Avg Rent ($/SF/yr) (market data)

Market asking rent (quarterly avg)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.