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    1272 S Price Rd Tempe, AZ 85281

    For Sale
    $699,000

    Land - Tempe, AZ

    Lot size:
    0.36 Acres
    Days on Market:
    89
    Last Refresh:
    Dec 14 at 7:06 am

    Property Features for 1272 S Price Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R3
    APN
    132-72-040
    Lot size
    0.36 Acres

    Building Details

    Architectural style
    Other

    DeLex Realty, LLC (602) 910-3002 [email protected]

    Listing agent John A Kovalik (602) 910-3002

    Listing date Sep 17, 2025

    MLS# 6891318 Listing URL

    Copyright © 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Tempe R3 Lot For Sale

    This Tempe lot is zoned R3 and is available for sale. It is ready for the construction of 7 spacious two-bedroom, two-bath units, each with additional flex space or an office. The sale includes architectural plans, engineering reports, and all necessary documentation required to obtain permits and begin construction. The property benefits from street frontage on the 101 Freeway (Price Road). New units have been constructed next door. The lot is located in the Apache Redevelopment zone, offering immediate freeway access and walking distance to the light rail park and ride. The seller has invested time and resources into developing the lot for multi-family use. Seller may carry with 1/2 down and negotiated terms. The lot size is 0.36 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Alpha Book Publisher Book Publisher

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.892359
    Latitude
    33.415838

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    FAQs

    What type of property is this?
    Residential land & home lot - Ready to build 7 units near freeway and light rail.
    Where is this residential land & home lot located?
    The property is located at 1272 S Price Rd Tempe, AZ.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Ready-to-build R3 lot with plans for 7 two-bedroom/2-bath units including flex space/office.; - Includes architectural plans, engineering, and documentation ready for permits.; - Excellent location with street frontage on 101 Freeway (Price Rd.) and walking distance to light rail.
    (602) 910-3002
    Request Owner's contact information
    1272 S Price Rd Tempe, AZ 85281
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    Tempe, AZ 85281
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    1272 S Price Rd Tempe, AZ 85281
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