Property profile

1205 Park Ln Tempe, AZ 85281

OFF-MARKET
Flex space
Property ID
US07-1347398
18,250 SF 0.09 ac lot Built 1986
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1986
Construction CONCRETE
Total area 18,250 SF
Lot 0.09 ac (3,973 SF)
Zoning code GID
APN 124-56-073
UPID US07-1347398

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Distribution Center Logistics Company
  • Construction Company General Contractor
  • Construction Company
  • Garden Center

Location

1205 Park Ln Tempe, AZ 85281-6926
Tempe metro Census 319710 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2020
Last sale
$29.1M
7 recorded transactions
2020
$29.1M
2019
Price N/A
2015
$13.9M
2007
$34.4M
2000
Price N/A
1994
$10.8M
1993
Price N/A

Zoning & alternative use

GID · Tempe, AZ
Zoning description

General Industrial District is designed to provide, office uses, warehousing, wholesaling, assembling and manufacturing of building materials, machinery and other commodities to provide employment centers and production.

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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