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Property profile & analytics
OFF-MARKET
Estimated value
$8,540,000
Flex space
1102 Southern Ave Tempe, AZ 85282-4558
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-3386380
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1984
Construction
CONCRETE
Total area
43,492 SF
Lot
3.7 ac (161,083 SF)
Zoning code
GID
APN
123-40-039A
UPID
US07-3386380
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
-
Winsupply Tempe AZ Co. Production Facility Security Service
-
Protex General Contractor
-
Winsupply of Tempe Big Box & Wholesale Store Party Supply Store
-
Phoenix Windustrial Co Plumbing Service Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.54M
CAP Approach
CAP
$6.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.54M
Owner & transaction history
Vaf I 1102 West Southern LLC · 2 yrs held
Vaf I 1102 West Southern LLC
since 2024
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
GID · 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
$8,540,000
ML approach
$8,540,000
CAP Approach
CAP Return
Estimation
6%
$6,595,000
6.5%
$6,090,000
7%
$5,655,000
Blend value · Realmo final
$8.54M
Range $7.69M – $9.39M · ±10% · vs last sale $8.54M (Apr 22 2024)
Last sale anchor
$8.54M
Apr 22 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
$196 / 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
$51,033
Tax year 2023
Assessed value
$981,536
Assessed 2024
Previous assessed
$981,536
+0.0% YoY
Effective rate
5.20%
On assessed value
Land market value
$1,229,800
Improvement market value
$4,718,900
Total market value
$5,948,700
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
43,492 SF
Lot
3.7 ac (161,083 SF)
Zoning code
GID
APN
123-40-039A
UPID
US07-3386380
Jurisdiction
MARICOPA
Zoning & alternative use
GID · Tempe, AZ
Zoning GID · permitted uses
GID · 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
1984
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
3.7 ac
Current owner
From public records · entity-resolved
Vaf I 1102 West Southern LLC
Entity
Free & Clear · 2 yrs held
Mailing address
14241 DALLAS PKWY STE #1050, DALLAS, TX 75254-2960
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
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2024
—
Vaf I 1102 West Southern LLC
—
Deed
related
$69,100 · Sdf Reit Holdco LLC
Apr 22, 2024
$8,540,000
Vaf I 1102 West Southern LLC
Dct Az 2004 Rn Portfolio L LLC
Special Warranty Deed
—
Nov 21, 2006
$40,667
Dct-az 2004 Rn Portfolio L LLC
Dct Southern Leasing LLC
Grant Deed
—
Nov 21, 2006
$492,951
Dct-az 2004 Rn Portfolio LLC
Darby Southern LLC
Grant Deed
—
Nov 21, 2006
$570,686
Dct-az 2004 Rn Portfolio LLC
Seim Southern LLC
Grant Deed
—
Nov 21, 2006
$591,267
Dct-az 2004 Rn Portfolio LLC
Bindock Southern LLC
Grant Deed
—
Nov 21, 2006
$490,918
Dct-az 2004 Rn Portfolio LLC
Giorgetti Southern LLC
Grant Deed
—
Nov 21, 2006
$646,462
Dct-az 2004 Rn Portfolio LLC
Dixon M Southern LLC
Grant Deed
—
Nov 21, 2006
$336,590
Dct-az 2004 Rn Portfolio LLC
Dixon S Southern LLC
Grant Deed
—
Dec 7, 2005
$599,300
Bindock Southern LLC
Dct Southern Leasing LLC
Grant Deed
—
Oct 13, 2005
$655,046
Dixon M Southern LLC
Dct Southern Leasing LLC
Grant Deed
—
Oct 13, 2005
$497,947
Giorgetti Southern LLC
Dct Southern Leasing LLC
Grant Deed
—
Oct 13, 2005
$500,000
Drago Southern LLC
Dct Southern Leasing LLC
Grant Deed
—
Oct 13, 2005
$3,662,491
Dct Southern Leasing LLC
Dct-az 2004 Rn Portfolio L LLC
Quit Claim Deed
related
—
Oct 13, 2005
$578,763
Seim Southern LLC
Dct Southern Leasing LLC
Grant Deed
—
Oct 13, 2005
$342,076
Dixon S Southern LLC
Dct Southern Leasing LLC
Grant Deed
—
Oct 6, 2004
$3,867,830
Dct-az 2004 Rn Portfolio L LLC
Cabot Industrial Venture B LLC
Grant Deed
—
Oct 14, 1999
—
Brs-san Diego Commerce Center
Spt Real Estate Corp
Grant Deed
$24,107,513 · Wells Fargo Bank
May 13, 1997
$25,702,075
Spt Real Estate Corp E
Presidio Associates L P
Grant Deed
—
Jul 15, 1996
$1,255,567
Tempe Southern Business Center L
Cmd Southwest INC
Grant Deed
—
Feb 13, 1996
$19,493,319
Presidio Associates L P
Cmd Southwest INC
Grant Deed
$15,584,000 · Redevelopment Agency San Berna
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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