Financial
Distress signals
Property profile

1615 University Dr Tempe, AZ 85281

OFF-MARKET
Office buildings
Property ID
US07-1075563
18,696 SF 5.29 ac lot Built 1984
Last sale Dec 2023 · $10,690,140
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

This industrial/flex property includes approximately 64,072 square feet of space configured to accommodate industrial, flex, and office uses, with available suites sized at approximately 1,717 to 1,750 square feet. Suites feature varying amounts of office buildout and are equipped with HVAC and evaporative cooling systems, with HVAC and evaporative cooling maintenance provided as an operating expense. The building is served by 3-phase power, includes grade-level loading, and has parking with a

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?
$79k
Tax billed · 2023
Assessed value · 2024$1.42M
Effective rate5.54%

Value estimate

· Sep 2026
$13.03M
$11.73M – $14.33M
Sales comparison$12.59M

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$269/SF
ZIP average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$44 – $691
Qualifying comparables11

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 Office16.4
Hair Salon9.1
Laundry Service8.9

Location

1615 University Dr Tempe, AZ 85281-3257
County assessor Recorded deeds · 3 transfers 11 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1615 52nd, Tempe, AZ 85281-6233 $5,575,000 Dec 2025 20,379 SF
1628 3rd, Tempe, AZ 85281-2439 $2,723,430 Jul 2025 11,499 SF
1155 Rio Salado Pkwyb205, Tempe, AZ 85281-2598 $8,330,000 Jun 2025 31,728 SF
1725 17th, Tempe, AZ 85281-6229 $3,000,000 Jan 2025 11,807 SF
1830 University, Tempe, AZ 85281-3248 $4,700,000 Nov 2024 19,434 SF
738 52nd, Tempe, AZ 85281-7211 $4,176,000 Apr 2024 13,800 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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