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Property profile & analytics
OFF-MARKET
Estimated value
$3,220,000
Office buildings
1255 Rio Salado Pkwy Ste 213, Tempe, AZ 85281-2893
Trust Owned
7-yr Hold
Free & Clear
Property ID
US07-1815827
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
CONCRETE
Total area
43,457 SF
Lot
0.04 ac (1,899 SF)
Zoning code
GID
APN
124-25-065
UPID
US07-1815827
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.51M
Blend (final)
Blend
$3.22M
Owner & transaction history
Herscotiz Living Trust · 7 yrs held
Herscotiz Living Trust
since 2019
7 recorded transactions
Zoning & alternative use
GID · 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
$3.22M
Range $2.90M – $3.54M · ±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
$74 / 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
$3,652
Tax year 2023
Assessed value
$107,102
Assessed 2024
Previous assessed
$88,757
+20.7% YoY
Effective rate
3.41%
On assessed value
Land market value
$129,800
Improvement market value
$519,300
Total market value
$649,100
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
2008
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
43,457 SF
Lot
0.04 ac (1,899 SF)
Zoning code
GID
APN
124-25-065
UPID
US07-1815827
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.
Building & site characteristics
From public records
Year built
2008
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
Herscotiz Living Trust
Trust
Free & Clear · 7 yrs held
Mailing address
1255 W RIO SALADO PKWY STE #211, TEMPE, AZ 85281-2893
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2019
—
Herscotiz Living Trust
Riverside Cii LLC
Grant Deed
related
—
Aug 24, 2012
$612,300
Rio View LLC
Swvp Rio Salado LLC
Warranty Deed
$384,716 · Jpmorgan Chase Bank NA
Feb 22, 2011
—
Corporate Holdings II LLC
Hof-biltmore Rio Salado II LLC
Trustees Deed
related
—
Dec 16, 2010
$3,030,000
Swvp Rio Salado LLC
Corporate Holdings II LLC
Grant Deed
—
Dec 15, 2010
—
Corporate Holdings II LLC
Hof-biltmore Rio Salado II LLC
Deed In Lieu Of Foreclosure
related
—
Dec 13, 2007
—
Hof-biltmore Rio Salado II LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Rio View LLC
—
Deed Of Trust
related
$480,895 · J P Morgan Chase Bank
—
—
Rio View LLC
—
Deed Of Trust
related
$380,000 · Us Small Business Admn
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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