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    Grafton Milne, Tempe, AZ

    License ID: BR584594000
    The Menlo Group Commercial Real Estate
    Years of Experience
    8

    Service Locations

    Contact details

    Phone:
    (480) 659-1777

    Performance

    Listings
    16
    Total transactions
    6
    Total transactions amount
    $2M
    Price range
    $222k - 500k
    Average price
    $333k

    Listings

    For Sale (12)

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    • Contact for pricing
      17,760 SF

      Freestanding Office in North Mesa

      Freestanding office building with plentiful parking and monument signage.
      2610 E University Dr, Mesa, AZ 85213
      View Details
    • $480,000
      1,389 SF

      Ahwatukee Executive Office Condo

      Prime Ahwatukee location, move-in ready.
      4425 Agave Rd, Phoenix, AZ 85044
      View Details
    • $3,950,000
      17,760 SF

      Freestanding Office Building in Mesa

      Fully occupied office building with a long-term NNN lease.
      2610 E University Dr, Mesa, AZ 85213
      View Details
    • $450,000
      1,532 SF

      Freestanding Building Near Freeways

      Freestanding building with RM-4 zoning, suitable for various commercial uses.
      506 W University Dr, Mesa, AZ 85201
      View Details
    • Contact for pricing
      9,558 SF

      Tempe Freestanding Industrial Building

      9,558 SF industrial building in a dynamic Tempe location.
      411 W Gemini Dr, Tempe, AZ 85283
      View Details
    • $600,000

      Mesa Land with Development Plans

      0.8 acres with plans for a 6,300 SF office building.
      5305 E Main St, Mesa, AZ 85205
      View Details
    • $1,400,000

      Land with Approved Childcare Plans

      1.46 acres with approved childcare plans in Surprise, AZ.
      14548 W Parkwood Dr, Surprise, AZ
      View Details
    • $200,000

      Downtown Douglas Commercial Land Lots

      Two adjacent commercial land lots in downtown Douglas, Arizona.
      833 N G Ave, Douglas, AZ 85607
      View Details
    • $100,000

      Downtown Commercial Land Opportunity

      Two adjacent commercial lots in Downtown Douglas for sale.
      825 N G Ave, Douglas, AZ 85607
      View Details
    • $2,774,816

      Queen Creek Commercial Land Opportunity

      3.98 acres of commercial land in Queen Creek, Arizona.
      21433 E Ocotillo Rd, Queen Creek, AZ 85142
      View Details
    • $1,400,000

      Land Near 60 Freeway

      1.46 acres suitable for childcare facility near 60 Freeway.
      14548 W Parkwood Dr, Surprise, AZ 85374
      View Details
    • $395,000
      3,736 SF

      Retail Building in South Tucson

      Freestanding 3,736 SF retail building for sale.
      2238 S 6Th Ave, Tucson, AZ 85713
      View Details

    For Lease (4)

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    • Contact for pricing

      Professional Office Condo For Rent

      1,970 SF office condo in Ahwatukee Professional Plaza.
      4425 E Agave Rd, Phoenix, AZ 85044
      View Details
    • $27 SF/Yr
      2,681 SF

      Move-In Ready Medical Spa Office

      Prime commercial space near Dana Park and Banner Gateway Medical Center.
      3850 E Baseline Rd, Mesa, AZ 85206
      View Details
    • Contact for pricing

      Gilbert Commercial Land For Sale

      Commercially zoned land in Gilbert, approximately 0.68 acres.
      1331 N Leland Ct, Gilbert, AZ 85233
      View Details
    • $17 SF/Yr
      3,043 SF

      Mesa Dental Office Space Available

      Built-out dental office space in Mesa, Arizona for lease.
      107 N Greenfield Rd, Mesa, AZ 85205
      View Details

    Leases and Sales on Map

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    • For Lease

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    Grafton Milne, Tempe, AZ
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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