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Property profile & analytics
OFF-MARKET
Estimated value
$84,985,000
Office buildings
1225 Washington St Tempe, AZ 85288-1236
Individually Owned
15-yr Hold
Free & Clear
Property ID
US07-0038517
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
STEEL FRAME
Total area
154,560 SF
Lot
8.38 ac (364,831 SF)
Zoning code
GID
APN
124-19-028
UPID
US07-0038517
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
-
Acronis (Bike/Boat/Book/etc) Store Corporate Office
-
SonicWall (Bike/Boat/Book/etc) Store Corporate Office
-
Berkshire Law Office, PLLC Law Firm Child Welfare Organization
-
Nationwide Credit Inc Accounting Firm Loan Service
-
OS National LLC Title Company Escrow Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$85.37M
Blend (final)
Blend
$84.99M
Owner & transaction history
Jpmc 2005-ldp4 Papago Spectrum · 15 yrs held
Jpmc 2005-ldp4 Papago Spectrum
since 2010
5 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$107.7M
+150.0%
Auto repair, garage
$106.3M
+146.5%
Retail stores
$81.4M
+88.8%
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
RESTAURANT
$107,740,000
Change: +150% · Conversion: Moderate
AUTO REPAIR, GARAGE
$106,250,000
Change: +146% · Conversion: Difficult
RETAIL STORES
$81,390,000
Change: +89% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$77,605,000
Change: +80% · Conversion: Difficult
Blend value · Realmo final
$84.99M
Range $76.49M – $93.48M · ±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
$550 / 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
Assessed value
$7,971,216
Assessed 2024
Previous assessed
$6,917,844
+15.2% YoY
Land market value
$3,197,800
Improvement market value
$45,112,600
Total market value
$48,310,400
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
1998
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
REFRIGERATOR
Buildings
2
Stories
4
Units
2
Total area
154,560 SF
Lot
8.38 ac (364,831 SF)
Zoning code
GID
APN
124-19-028
UPID
US07-0038517
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
RESTAURANT
Est. value
$107.7M
AUTO REPAIR, GARAGE
Est. value
$106.3M
RETAIL STORES
Est. value
$81.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$77.6M
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1998
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
4
Buildings
2
Units
2
Lot
8.38 ac
Current owner
From public records · entity-resolved
Jpmc 2005-ldp4 Papago Spectrum
Individual
Free & Clear · 15 yrs held
Mailing address
199 FREMONT ST STE #1150, SAN FRANCISCO, CA 94105-6641
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2020
—
Alidade Papago Spectrum LLC
—
Deed
related
$155,582,500 · Associated Bk
Dec 21, 2018
—
Aidade Papago Spectrum LLC
—
Deed
related
$21,905,000 · First American Title Insurance
Nov 23, 2010
$15,000,000
Jpmc 2005-ldp4 Papago Spectrum
Petrowski,lawrence C
Trustees Deed
—
—
—
Alidade Papago Spectrum LLC
—
Loan Modification
related
$155,582,500 · Associated Bk
—
—
Nnn Papago Spectrum LLC
—
Deed Of Trust
related
$19,000,000 · Lasalle 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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