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Property profile & analytics
FOR SALE
Commercial land
1200 E Rio Salado Pkwy Tempe, AZ 85288
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-1946821
For Sale
Contact for pricing
1200 E Rio Salado Pkwy, Tempe, AZ 85288
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
3.04 ac (132,323 SF)
Zoning code
PAD
APN
132-32-015
UPID
US07-1946821
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$33.75M
Owner & transaction history
Jlw Tempe Investments LLC · 1 yrs held
Jlw Tempe Investments LLC
since 2024
Last sale
$33.8M
7 recorded transactions
Zoning & alternative use
PAD · Tempe, AZ
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
$30,315,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$33.75M
Range $30.38M – $37.13M · ±10% · vs last sale $33.75M (Oct 28 2022)
Last sale anchor
$33.75M
Oct 28 2022
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
—
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
$81,497
Tax year 2023
Assessed value
$928,245
Assessed 2024
Previous assessed
$4,453,000
-79.2% YoY
Effective rate
8.78%
On assessed value
Land market value
$6,188,300
Total market value
$6,188,300
Applied tax rate
31,601.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Heating
NONE
Lot
3.04 ac (132,323 SF)
Zoning code
PAD
APN
132-32-015
UPID
US07-1946821
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Tempe, AZZoning PAD · permitted uses
PAD · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
zoning and development code
Building & site characteristics
From public records
Heating
NONE
Lot
3.04 ac
Current owner
From public records · entity-resolved
Jlw Tempe Investments LLC
Entity
Mailing address
5020 MAIN ST STE H, TACOMA, WA 98407-3252
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2024
$35,318,416
Jlw Tempe Investments LLC
South Pier Lot 1 LLC
Deed
—
Oct 28, 2022
—
South Pier Lot 1 LLC
South Pier Tempe Holdings LLC
Intrafamily Transfer
related
$11,500,000 · Bi 86 LLC
Jun 30, 2022
$33,750,000
South Pier Lot 6 Owner LLC
South Pier Tempe Holdings LLC
Deed
—
Aug 20, 2021
—
South Pier Tempe Holdings LLC
—
Deed
related
$26,192,000 · Trez Capital (2016) Corporation
Feb 10, 2020
—
South Pier Tempe Holdings LLC
Townlake Partners LLC
Warranty Deed
$18,665,000 · Tig Romspen Us Master Mtg LP
Oct 11, 2019
—
Townlake Partners LLC
—
Deed
related
$18,665 · Tig Romspen Us Master Mtg LP
Apr 6, 2015
$3,705,022
Townlake Partners LLC
Pier At Town Lake LLC
Warranty Deed
—
Feb 18, 2015
—
Townlake Partners LLC|pier At Town Lake LLC
Pier At Town Lake LLC
Quit Claim Deed
related
—
Jan 20, 2011
—
Pier At Town Lake LLC
—
Deed Of Trust
related
$23,500,000 · Sunbank
—
—
Pier At Town Lake LLC
—
Deed Of Trust
related
$4,650,000 · Washington Trust Bank
—
—
Townlake Partners LLC
—
Deed Of Trust
related
$18,665 · Tig Romspen Us Master Mtg LP
—
—
Pier At Town Lake LLC
—
Deed Of Trust
related
$1,500,000 · Bank Midwest NA
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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