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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Warehouses
128 Riv Dr Tempe, AZ 85288-3011
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-2902131
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Construction
CONCRETE
Total area
7,020 SF
Lot
0.55 ac (24,024 SF)
Zoning code
GID
APN
132-37-078
UPID
US07-2902131
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
$1.20M
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.55M
Owner & transaction history
Monsters INC LLC · 2 yrs held
Monsters INC LLC
since 2024
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.0M
+44.3%
Medical building
$1.4M
+5.9%
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
$1,685,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,295,000
6.5%
$1,195,000
7%
$1,110,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,355,000
Current use
OFFICE BUILDING
$1,960,000
Change: +44% · Conversion: Difficult
MEDICAL BUILDING
$1,435,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.85M (Apr 17 2024)
Last sale anchor
$1.85M
Apr 17 2024
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
$221 / 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
$10,068
Tax year 2023
Assessed value
$174,092
Assessed 2024
Previous assessed
$133,348
+30.6% YoY
Effective rate
5.78%
On assessed value
Land market value
$792,700
Improvement market value
$262,400
Total market value
$1,055,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
7,020 SF
Lot
0.55 ac (24,024 SF)
Zoning code
GID
APN
132-37-078
UPID
US07-2902131
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
WAREHOUSE, STORAGE Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
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
1980
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Monsters INC LLC
Entity
Mailing address
128 S RIV DR, TEMPE, AZ 85288-3011
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2024
$1,850,000
Monsters INC LLC
128 River LLC
Special Warranty Deed
—
May 19, 2022
$1,700,000
128 River LLC
River Property Holdings LLC
Special Warranty Deed
—
Sep 1, 2021
$1,208,800
River Property Holdings LLC
Sa & Ja Enterprises LLC
Special Warranty Deed
$1,000,000 · Jerry Workman Etux
Jun 19, 2018
—
Sj & Ja Ents LLC
—
Deed
related
$288,915 · Wells Fargo Bk
Jun 30, 2010
—
Sj & Ja Ents LLC
—
Trustees Deed
related
$500,000 · Wells Fargo Bank
Mar 16, 2001
—
Sj & Ja Enterprises LLC
Sj & Ja Enterprises
Quit Claim Deed
related
$242,000 · Wells Fargo Bank Arizona
Apr 16, 1997
$295,000
Sj & Ja Enterprises L P
B & J Enterprise
Grant Deed
$235,000 · Community Bank Of Minnesota
—
—
Sj & Ja Ents LLC
—
Deed Of Trust
related
$500,000 · Wells Fargo Bank
—
—
Sj & Ja Ents LLC
—
Deed Of Trust
related
$500,000 · Wells Fargo Bank
—
—
Sj & Ja Ents LLC
—
Deed Of Trust
related
$270,000 · Wells Fargo Bank
—
—
Sj & Ja Ents LLC
—
Loan Modification
related
$366,821 · Wells Fargo Bank
—
—
Sj & Ja Ents LLC
—
Deed Of Trust
related
$60,000 · Wells Fargo Bank
—
—
Sj & Ja Enterprises LLC
—
Deed Of Trust
related
$160,000 · Wells Fargo Bank Arizona
—
—
Sj & Ja Ents LLC
—
Loan Modification
related
$288,915 · Wells Fargo Bk
—
—
Sj & Ja Ents LLC
—
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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