Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Industrial properties
113 Rockford Dr Tempe, AZ 85288-3013
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US07-0341345
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1980
Construction
CONCRETE
Total area
7,336 SF
Lot
0.55 ac (24,024 SF)
Zoning code
GID
APN
132-37-074
UPID
US07-0341345
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
-
Scottie Reid's Southwest Designs General Contractor Renovation Specialist
-
AZMF Precision CNC Services Industrial Manufacturer
-
Site Consultants Inc Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.34M
Owner & transaction history
113 Rockford LLC
113 Rockford LLC
since 2026
7 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.0M
+76.3%
Medical building
$1.5M
+29.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,160,000
Current use
OFFICE BUILDING
$2,045,000
Change: +76% · Conversion: Difficult
MEDICAL BUILDING
$1,500,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±10%
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
$182 / 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
$9,666
Tax year 2023
Assessed value
$173,580
Assessed 2024
Previous assessed
$135,065
+28.5% YoY
Effective rate
5.57%
On assessed value
Land market value
$792,700
Improvement market value
$259,300
Total market value
$1,052,000
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1980
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
7,336 SF
Lot
0.55 ac (24,024 SF)
Zoning code
GID
APN
132-37-074
UPID
US07-0341345
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
113 Rockford LLC
Entity
Mailing address
10350 N 131ST PL, SCOTTSDALE, AZ 85259-5348
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2026
$1,850,000
113 Rockford LLC
Hughes Industrial INC
Special Warranty Deed
$850,000 · Hughes Industrial INC
Apr 30, 2025
—
Hughes Industrial INC
Hughes Property Holdings LLC
Deed
related
$900,000 · Republicbankaz NA
Apr 16, 2021
—
Hughes Industrial INC
—
Deed
related
$195,000 · Banterra Bank
Apr 25, 2017
$733,260
Hughes Properties Holdings LLC
Sc Investments I LLC
Re-recorded Document
related
—
Mar 31, 2017
$733,260
Hughes Properties Holdings LLC
Sc Investments I LLC
Special Warranty Deed
$720,000 · Pinnacle Bank
Dec 30, 1999
$455,000
Sc Investment I LLC
Harris Trust Bank Of Arizona
Grant Deed
$235,000 · Bank Of America
Apr 29, 1997
—
Cowley Trust
Dorothy Cowley
Quit Claim Deed
related
—
Dec 26, 1996
—
Cowley Trust
Cowley Trust
Quit Claim Deed
related
—
—
—
Sc Investments I LLC
—
Deed Of Trust
related
$355,000 · Bank Of America
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.
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 113 Rockford Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
