Financial
Distress signals
Property profile

1050 Elliot Rd Tempe, AZ 85284

OFF-MARKET
Outlet malls
Property ID
US07-0858655
87,578 SF 5.9 ac lot Built 2019
Last sale Aug 2024 · $13,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A freestanding single-tenant retail building totaling 87,900 square feet is located at 1050 W Elliot Road in Tempe, and was completed in 2019 as a build-to-suit. The property fronts Elliott Road and is part of the Groves Shopping Centers retail complex, which includes national anchor tenants such as Walmart and Home Depot, along with additional nearby retail anchors that create surrounding retail draw. The site’s road frontage is described as being along a corridor with approximately 59,000

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?
$173k
Tax billed · 2023
Assessed value · 2024$2.26M
Effective rate7.67%

Value estimate

· Sep 2026
$13.00M
$11.70M – $14.30M
AI approach$13.00M
CAP approach$15.71M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$527/SF
Submarket average, outlier-cleaned · 53 recorded sales of this use type
Observed band · Q1–Q3$129 – $955
Qualifying comparables3

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?
PCC-2
The general PCC-2 district is intended to provide retailing, services and entertainment uses oriented to serve the needs of the neighborh...
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Garden Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Garden Center13.4
Realty agency13.2
Law Firm12.9

Location

1050 Elliot Rd Tempe, AZ 85284-1111
County assessor Recorded deeds · 5 transfers 3 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

5 recorded sales · 18 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1705 Ruby Dr, Tempe, AZ 85284-1060 $425,000 Jan 2025 29,785 SF
1746 Ruby, Tempe, AZ 85284-1037 $875,000 Aug 2023 71,803 SF
1275 Elliot, Tempe, AZ 85284-1101 $27,800,000 Jan 2022 103,970 SF
8475 Emerald, Tempe, AZ 85284-1064 $535,934 Jun 2021 25,824 SF
7760 Priest, Tempe, AZ 85284-1002 $6,602,500 Aug 2019 43,710 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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