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Property profile & analytics
OFF-MARKET
Estimated value
$5,220,000
Banks
1232 Baseline Rd Tempe, AZ 85283-1404
Entity Owned
9-yr Hold
Free & Clear
Property ID
US07-0967485
Property summary
AI-generated overview
This exceptional 1.41-acre industrial property, located at 1232 E BASELINE Road Unit 1B-2A, Tempe, AZ, is offered at $4,300,000. The property features off-highway parking for convenient access and a nearby bus stop at the east entrance. The main entrance is situated at the rear of the building, with additional side personnel doors allowing for limited loading and unloading. The property has recently undergone a complete remodel and is currently being prepared for new occupancy following the previous tenant's departure on April 15th. Exterior painting is also currently in progress. This property presents a unique opportunity for businesses seeking a well-maintained, conveniently located industrial space in the thriving Tempe market. The ample acreage provides significant potential for expansion or future development. The combination of recent renovations, convenient access, and prime location makes this an attractive investment opportunity. The property's size and features make it suitable for a variety of industrial uses. The seller is a licensed real estate agent.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1987
Construction
CONCRETE
Total area
19,120 SF
Lot
1.41 ac (61,202 SF)
Zoning code
C-C
APN
133-38-003G
UPID
US07-0967485
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
-
First Credit Union Credit Union
-
CFM (Bike/Boat/Book/etc) Store Corporate Office
-
Catalyst Computer Technologies LLC Tech Support Center IT Consulting Firm
-
FetchRev Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.83M
Blend (final)
Blend
$5.22M
Owner & transaction history
Dominatio III LLC · 9 yrs held
Dominatio III LLC
since 2016
4 recorded transactions
Zoning & alternative use
C-C · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.22M
Range $4.70M – $5.74M · ±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
$273 / 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
$44,922
Tax year 2023
Assessed value
$675,072
Assessed 2024
Previous assessed
$585,990
+15.2% YoY
Effective rate
6.65%
On assessed value
Land market value
$988,400
Improvement market value
$3,512,082
Total market value
$4,500,482
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
19,120 SF
Lot
1.41 ac (61,202 SF)
Zoning code
C-C
APN
133-38-003G
UPID
US07-0967485
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Tempe, AZ
Zoning C-C · permitted uses
C-C · 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
1987
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
1.41 ac
Current owner
From public records · entity-resolved
Dominatio III LLC
Entity
Free & Clear · 9 yrs held
Mailing address
6950 W MORELOS PL STE #1, CHANDLER, AZ 85226-4203
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2016
—
Dominatio III LLC
Dominatio LLC
Quit Claim Deed
—
Sep 30, 2014
$1,420,000
Dominatio LLC
First Cu
Grant Deed
—
Jun 24, 1991
$760,000
Federal Cr First
Bgp Corp
Grant Deed
related
—
Dec 1, 1987
—
Baseline Group L
—
Deed Of Trust
related
—
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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