Office

Acacia Court

950 w elliot road, tempe, AZ

Price

Price on request

Square Feet

66,449

Market rate estimate — not broker-provided

Cost-of-Business Details

Medium Confidence

Low

$17.50/SF/mo

Mid

$18.35/SF/mo

High

$24.00/SF/mo

Tier Used

direct_comps

Based on 8 comparable office lease listings in the area.

Tier Resolution Trace

Tier 1success8 compsselected

Cost Breakdown

Component	Value	Detail	Source
Base Rent	$18.35/SF/mo	—	direct_comps
Utilities	—	17.0¢/kWh	OpenEI URDB
Property Tax	—	0.0% eff. rate	API Ninjas
Labor Index	—	$1413/wk	BLS QCEW

Source Provenance (1)

Source	Type	Count	Year	Freshness	Peer
OpenSearch Listings	comparable_listings	8	—	real-time	—

Data sources used

listings

Location

950 w elliot road, tempe, AZ

Leaflet © OpenStreetMap contributors

Property Details

Building Size66,449 SF

Year Built1999

Lease Details

Available Space27,325 SF

Market Context

This office in Tempe, AZ is listed for lease across 66,449 SF. The building dates to 1999. It has been on the market for 65 days.

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 lease 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

$17.50/SF/mo-$21.10/SF/mo

Mid: $18.35/SF/mo

Total estimate for 66,449 SF

$1,219,339

Rate-first confidence-weighted blend with cost-of-business adjustment.

Lease Rate & Market Trend

Market report quarterly trend fallbackFIPS 04013

Low Confidence

Avg Rent ($/SF/mo) (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.

Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.