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    637 48Th St Tempe, AZ 85281

    • Office buildings
    • 24,378 SF
    • 12.77 lot acres
    For Lease
    View listing
    $25 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US07-2114303
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Reliance Resource Staffing (RR Staffing) / Recruiter / Temp Agency
    • Resolute Tax Services, Arizona Tax Attorneys, IRS Audit Specialists / Bankruptcy Attorney / Attorney
    • Five Sharp Llc / General Contractor
    • Element Power / Solar Energy Company
    • True Footage - Phoenix / Real Estate Appraiser / Service Establishment

    Property Details for 637 48Th St

    Year built
    1998
    Construction
    CONCRETE
    Lot size
    12.77 lot acres
    Property size
    24,378 SF
    Zone code
    GID
    Property type
    Office buildings
    APN
    124-39-100
    APU
    12439100

    Description

    This exceptional multi-tenant property, Airport Business Center Phase II, offers a prime opportunity for businesses seeking flexible office and/or warehouse space in Tempe, Arizona. Located at 637 S 48th St #104, this two-story building boasts a total of 23,261 square feet, with 4,298 square feet currently available for lease. Built in 1980 and extensively renovated in 2021, the property features a blend of modern amenities and classic functionality. The building's zoning is GID, suitable for a variety of commercial uses. The 7.1-acre lot provides ample space and parking, with a total of 220 spaces available (120 covered and 100 surface), offering a generous 5 spaces per 1,000 square feet. The property is situated in the Tempe Northwest Industrial submarket of Maricopa County, providing easy access to major transportation routes. This versatile space is ideal for businesses requiring both office and warehouse functionality, offering a unique combination of executive office suites and distribution/warehouse space. The available space totals 4,298 square feet and is ready for immediate occupancy. Don't miss this chance to secure your ideal location in this thriving Tempe business center.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.976
    Latitude
    33.4242
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $196,013
    $0.00
    $0.00
    $1,506,171
    -
    $2,405,000
    $6,723,308
    $9,128,308

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    637 48Th St
    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
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