Financial
Distress signals
Property profile

10214 N Tatum Blvd Phoenix, AZ 85028

FOR LEASE
Office buildings
Property ID
US07-3382388
11,916 SF 1.67 ac lot Built 1986
Last sale Aug 2022 · $7,301,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
10214 N Tatum Blvd, Phoenix, AZ 85028 For Lease
$8,600,000 4,296 SF available
10214 N Tatum Blvd, Phoenix, AZ 85028
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Property summary

AI-generated overview

The property is an office space located in Phoenix, Arizona, with approximately 1,558 square feet of interior area. It is housed within a garden-style building that includes landscaped atrium areas with fountains. The building is positioned in a central area with nearby retail, banking, and restaurant options, and it offers monument signage. The property is zoned C-O under the City of Phoenix.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$36k
Tax billed · 2023
Assessed value · 2024$495k
Effective rate7.20%

Value estimate

· Sep 2026
$8.60M
$7.74M – $9.46M
Sales comparison$4.51M
NOI build-up
Gross scheduled income$132k
Vacancy & credit loss−$34k
Operating expenses−$25k
NOI · 4,018,688.52% cap applied$74k

Realmo valuation models over county records and 19 qualifying comparable sales.

Recently sold

What actually traded nearby?
$256/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$89 – $378
Qualifying comparables19

Cap rate analysis

How does the asset earn?
4,018,688.52%
$74k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-O
The purpose of C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby r...
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.4
Auto Parts Store9.9
Building Supply9.8

Location

10214 N Tatum Blvd Phoenix, AZ 85028
County assessor Recorded deeds · 12 transfers 19 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
11405 Tatum, Phoenix, AZ 85028-2305 $6,200,000 May 2025 8,957 SF
3101 Shea, Phoenix, AZ 85028-3210 $3,100,000 Oct 2023 11,520 SF
4600 Shea, Phoenix, AZ 85028-6024 $3,800,000 Jul 2021 17,260 SF
11130 Tatum Blvd, Phoenix, AZ 85028-1674 $1,020,000 Jan 2020 11,890 SF
11260 Tatum Blvd, Phoenix, AZ 85028-2308 $1,530,000 Dec 2019 9,076 SF
3707 Shea, Phoenix, AZ 85028-3449 $650,000 Jan 2019 11,070 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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