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Property profile & analytics
OFF-MARKET
Estimated value
$2,200,000
Office buildings
1050 Southern Ave, Tempe, AZ 85282-5403
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0326894
Property summary
AI-generated overview
This exceptional Tempe executive office space, located at 1050 E Southern Ave, offers a variety of suite sizes perfect for businesses of all scales. The property, a Class B building constructed in 1968, boasts a total of 27,583 square feet, with 9,836 square feet currently vacant. Individual suites range from a minimum of 355 square feet to a maximum contiguous space of 1,976 square feet, providing flexibility for various business needs. The property is zoned RO and sits on a generous 97,180 square foot lot in the desirable Tempe submarket of Maricopa County, Arizona. Ample parking is available for tenants and their guests. The building's convenient location at the intersection of Southern Avenue and Terrace Road, east of Rural Road, provides easy access to major transportation routes. Nearby amenities include the Tempe Marketplace and Mill Avenue, offering a wealth of dining, retail, and entertainment options. This location is ideal for businesses seeking a vibrant and accessible work environment to attract and retain top talent. The property is situated in the 85282 zip code. Multiple tenancies are available.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Construction
CONCRETE
Total area
1,095 SF
Lot
2.05 ac (89,298 SF)
Zoning code
C-T
APN
133-32-002U
UPID
US07-0326894
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Terry J. Hanley DMD Dental Office
-
Bruce F Okun DDS Dental Office
-
Okun Dentistry Tempe Dental Office
-
R J Ghan Engineering Co Engineer
-
Almighty Personal Training Studio Landis Owens Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.20M
Owner & transaction history
Pcg Southern LLC · 1 yrs held
Pcg Southern LLC
since 2024
Last sale
$2.2M
4 recorded transactions
Zoning & alternative use
C-T · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tempe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tempe submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,200,000
ML approach
$2,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.20M
Range $1.98M – $2.42M · ±10% · vs last sale $2.20M (Oct 31 2024)
Last sale anchor
$2.20M
Oct 31 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$2,009 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$34,105
Tax year 2023
Assessed value
$691,928
Assessed 2024
Previous assessed
$776,866
-10.9% YoY
Effective rate
4.93%
On assessed value
Land market value
$2,667,400
Improvement market value
$1,526,103
Total market value
$4,193,503
Applied tax rate
31,600.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1968
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
12
Stories
1
Units
12
Total area
1,095 SF
Lot
2.05 ac (89,298 SF)
Zoning code
C-T
APN
133-32-002U
UPID
US07-0326894
Jurisdiction
MARICOPA
Zoning & alternative use
C-T · Tempe, AZ
Zoning C-T · permitted uses
C-T · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tempe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
12
Units
12
Lot
2.05 ac
Current owner
From public records · entity-resolved
Pcg Southern LLC
Entity
Mailing address
1362 N 430TH E, OREM, UT 84097-6235
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2024
$2,200,000
Pcg Southern LLC
Paulson Property Company LLC
Warranty Deed
$1,830,050 · First International Bank & Trust
May 1, 2000
$1,525,000
Paulson Property Co LLC
Virissino Trust
Grant Deed
$425,000 · Seller
Feb 9, 1993
—
Alvaro,r & Louise B Virissimo Tr
Virissimo
Quit Claim Deed
related
—
—
—
Paulson Property Co LLC
—
Deed Of Trust
related
$400,000 · Zions First National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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