Property profile

1819 W Drake Dr Tempe, AZ 85283

FOR LEASE
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Property ID
US07-1288747
5,900 SF 8.01 ac Built 1987
Last sale Mar 2021·$10,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property is an industrial facility containing approximately 202,941 square feet and located within an industrial park setting in Tempe. It includes a range of bay sizes and provides truckwell, dock-high, and grade-level loading configurations. Clear interior heights vary from approximately 16 to 22 feet. Exterior parking is provided at an approximate ratio of 2.59 spaces per 1,000 square feet, and the site offers visibility from the I-10 Freeway. The property is zoned GID within the city of Tempe.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$87k
Tax billed · 2023
Assessed value · 2024$2.21M
Effective rate3.93%

Value estimate

· Nov 2026
$10.07M
$9.06M – $11.07M
Submarket $/SF estimate$6.24M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$529/SF
Submarket average, outlier-cleaned · 144 recorded sales of this use type
Observed band · Q1–Q3$140 – $1,058
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
GID
General Industrial District is designed to provide, office uses, warehousing, wholesaling, assembling and manufacturing of building mater...
General categoryINDUSTRIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency33.6
Restaurant24.4
Parking Facility18.4

Location

1819 W Drake Dr Tempe, AZ 85283
County assessor Recorded deeds · 6 transfers 6 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
6125 Ash, Tempe, AZ 85283-5624 $26,700,000 Jun 2025 9,958 SF
124 Orion, Tempe, AZ 85283-5618 $26,700,000 Jun 2025 19,632 SF
404 Guadalupe, Tempe, AZ 85283-3598 $7,450,000 Feb 2025 17,796 SF
2737 Baseline Rd, Tempe, AZ 85283-1051 $114,200 May 2024 19,532 SF
206 Julie, Tempe, AZ 85283-2895 $1,801,217 Jul 2023 8,590 SF
1655 Drake, Tempe, AZ 85283-4372 $812,500 Oct 2019 6,992 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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