Technical
Financial
Distress signals
Property profile

128 Riv Dr Tempe, AZ 85288

OFF-MARKET
Warehouses
Property ID
US07-2902131
7,020 SF 0.55 ac lot Built 1980
Entity Owned 2-yr Hold ~ Est. High Equity
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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

Location

128 Riv Dr Tempe, AZ 85288-3011
Tempe metro Census 318400 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.20M
Comparable Approach Comparable
$1.36M
Blend (final) Blend
$1.69M

Owner & transaction history

since 2024
Last sale
$1.9M
7 recorded transactions
2024
$1.9M
2022
$1.7M
2021
$1.2M
2018
Price N/A
2010
Price N/A
2001
Price N/A
1997
$295,000

Zoning & alternative use

GID · Tempe, AZ
Zoning description

General Industrial District is designed to provide, office uses, warehousing, wholesaling, assembling and manufacturing of building materials, machinery and other commodities to provide employment centers and production.

General category INDUSTRIAL
Top alternative use upside
Office building $2.0M +44.3%
Medical building $1.4M +5.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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