Financial
Distress signals
Property profile

2640 Medtronic Way Tempe, AZ 85281

OFF-MARKET
Warehouses
Property ID
US07-0395505
20,934 SF 1.36 ac lot Built 1980
Last sale Mar 2025 · $4,100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This exceptional 21,000+ square foot industrial flex space in Tempe, Arizona, presents a compelling investment opportunity. Situated on a 1.36-acre lot, the property boasts a prime location less than one mile from the I-10 and 143 freeways, two miles from the 202 freeway and Sky Harbor Airport, and just three miles from Arizona State University. Its convenient access to major transportation arteries ensures seamless logistics and distribution. The building features two 12-foot overhead

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?
$24k
Tax billed · 2023
Assessed value · 2024$426k
Effective rate5.74%

Value estimate

· Sep 2026
$1.32M
$1.19M – $1.45M
Sales comparison$3.40M

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$192/SF
Submarket average, outlier-cleaned · 74 recorded sales of this use type
Observed band · Q1–Q3$149 – $259
Qualifying comparables8

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: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office10.9
Locksmith9.0
Veterinary Clinic8.9

Location

2640 Medtronic Way Tempe, AZ 85281-5136
County assessor Recorded deeds · 7 transfers 8 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
2035 4th, Tempe, AZ 85281-7206 $6,500,000 May 2025 23,184 SF
1401 Siesta, Tempe, AZ 85281-7434 $10,747,233 Oct 2024 24,897 SF
1618 Priest, Tempe, AZ 85281-2008 $4,500,000 Oct 2024 25,564 SF
2062 Cedar, Tempe, AZ 85281-7409 $6,635,000 Sep 2024 19,737 SF
2050 Cedar, Tempe, AZ 85281-7409 $6,635,000 Sep 2024 19,629 SF
1642 Priest, Tempe, AZ 85281-6204 $6,158,000 May 2024 21,303 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2640 Medtronic Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message