Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,605,000
Industrial properties
124 Julie Dr Tempe, AZ 85283-2876
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-3469700
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1986
Construction
CONCRETE
Total area
10,560 SF
Lot
0.71 ac (30,753 SF)
Zoning code
GID
APN
301-82-036
UPID
US07-3469700
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
-
Sims Business Systems Big Box & Wholesale Store
-
Office Supplies Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.61M
Blend (final)
Blend
$6.61M
Owner & transaction history
Sims Properties LLC · 21 yrs held
Sims Properties LLC
since 2004
7 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.4M
+31.9%
Auto repair, garage
$7.3M
+30.0%
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)
$5,580,000
Current use
RESTAURANT
$7,360,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,260,000
Change: +30% · Conversion: Easy
RETAIL STORES
$5,560,000
Change: 0% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$5,300,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$6.61M
Range $5.94M – $7.27M · ±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
$625 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$16,182
Tax year 2022
Assessed value
$249,546
Assessed 2024
Previous assessed
$199,801
+24.9% YoY
Effective rate
6.48%
On assessed value
Land market value
$407,900
Improvement market value
$1,104,500
Total market value
$1,512,400
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
10,560 SF
Lot
0.71 ac (30,753 SF)
Zoning code
GID
APN
301-82-036
UPID
US07-3469700
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
$5.6M
RESTAURANT
Est. value
$7.4M
AUTO REPAIR, GARAGE
Est. value
$7.3M
RETAIL STORES
Est. value
$5.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.3M
INDUSTRIAL (GENERAL) Current
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
1986
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Sims Properties LLC
Entity
Mailing address
2170 E RNCH RD, TEMPE, AZ 85284-3546
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2016
—
Sims Properties LLC
—
Trustees Deed
related
$100,000 · Midfirst Bk
Sep 7, 2004
—
Sims Properties LLC
Sims,connie J
Quit Claim Deed
related
—
Aug 31, 1998
$600,000
Sims,connie J
Mahoney,donald J
Trustees Deed
$673,936 · Bank Of Casa Grande Valley
Aug 31, 1998
$300,000
Mahoney,donald J
Mahoney Properties
Trustees Deed
related
—
Aug 31, 1998
—
Mahoney Properties
Young Trust
Trustees Deed
related
—
Aug 30, 1994
—
Young,eric S & Viva
Lemay Trust
Trustees Deed
related
—
Jun 30, 1994
—
Michele Cox
Cox
Quit Claim Deed
related
—
Apr 28, 1994
—
Mark L Koupal
Koupal
Quit Claim Deed
related
—
Apr 26, 1994
—
Richard C Lemay
Lemay Estate
Quit Claim Deed
related
—
Dec 14, 1989
$371,000
Richard C Lemay
Tempe Commerce C
Grant Deed
—
—
—
Connie J Sims
—
Deed Of Trust
related
$310,000 · Business Development Finance
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 124 Julie 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.
