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    125 W Gemini Dr Tempe, AZ 85283
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    Property profile & analytics

    125 W Gemini Dr Tempe, AZ 85283

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    • Flex space
    • 20,148 SF
    • 1.11 lot acres
    For Lease
    View Listing →
    Tempe Office Space Available For Lease
    Contact for pricing
    7,417 SF

    Tempe Office Space Available

    Office suites available in Tempe, ranging from 1,940 to 7,417 SF.

    125 W Gemini Dr, Tempe, AZ 85283
    View Listing
    Property ID
    US07-0832838
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Elevate Sports Massage / Alternative Medicine Practice / Spa & Massage Center
    • Schiller Heating & Cooling, Inc. / HVAC Service / General Contractor
    • Bumbo / Home Decor Store / Department Store
    • Crew IQ / (Bike/Boat/Book/etc) Store / Corporate Office
    • Redline Electric & Solar / Electrical Service / General Contractor

    Property Details for 125 W Gemini Dr

    Year built
    1986
    Construction
    CONCRETE
    Lot size
    1.11 lot acres
    Property size
    20,148 SF
    Zone code
    GID
    Property type
    Flex space
    APN
    301-82-061
    APU
    30182061

    Description

    This exceptional industrial property, the Tempe Commerce Center, presents a prime leasing opportunity. Located at 125 W Gemini Dr, Tempe, AZ 85283 (cross streets Guadalupe & Ash), this warehouse/distribution space offers 3,955 square feet of immediately available space within a larger 193,868 square foot building. The building, constructed in 1985, boasts a desirable 17-foot ceiling height, ideal for various industrial uses. The property is zoned GID and situated in the Tempe Southwest Industrial submarket of Maricopa County. This multi-tenant building provides a strategic location for businesses seeking efficient warehouse and distribution operations in the thriving Tempe market. The available space is perfect for a variety of businesses needing immediate occupancy. The property's location offers easy access to major transportation routes, ensuring seamless logistics and distribution capabilities. This is an excellent opportunity to secure a well-maintained warehouse space in a highly sought-after Tempe location. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.941
    Latitude
    33.3663
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,939
    $0.00
    $0.00
    $401,825
    -
    $413,500
    $2,021,800
    $2,435,300

    Comparable in this City

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    • Value Estimation
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      6809 Harl Ave

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    • Value Estimation
      $4,500,000
      27,344 SF

      7425 Harl Ave

      LIGHT INDUSTRIAL • 27,344 SF
      7425 Harl Ave, Tempe, AZ 85283-4378
      View Details

    Similar Nearby for Sale

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      9,558 SF

      Tempe Freestanding Industrial Building

      9,558 SF industrial building in a dynamic Tempe location.
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      View Details
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      Tempe Industrial Park with Visibility

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      Tempe Retail Space For Sale

      13,813 SqFt retail space with 5.53% CAP rate.
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      Retail Space at Guadalupe & McClintock

      Hard corner retail space with excellent visibility in Tempe.
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      Tempe Retail Center For Sale

      Retail opportunity at a busy Tempe intersection near major freeways.
      Sec Mcclintock Dr & Guadalupe Rd, Tempe, AZ 85283
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    • Contact for pricing
      30,000 SF

      Prime Retail Space Available

      30,000 SF retail space in a prime location.
      940 E Baseline Rd, Tempe, AZ 85283
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    Similar Nearby for Lease

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      Adaptable flex space featuring office buildout and convenient freeway access.
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      Tempe Office and Flex Space

      Office and flex spaces available for lease in Tempe.
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      Tempe Office and Industrial Suites

      Office and industrial suites available for lease in Tempe.
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      Tempe Office/Flex Space Available

      Office and flex spaces available for lease in Tempe.
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      Office and flex space available for lease in Tempe.
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      Tempe Office and Flex Space

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    View Listing
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    Tempe, AZ 85283
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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