Property profile

1302 Drivers Way Tempe, AZ 85284

OFF-MARKET
Flex space
Property ID
US07-0018800
14,600 SF 1.28 ac lot Built 1998
Entity Owned 20-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1998
Construction CONCRETE
Total area 14,600 SF
Lot 1.28 ac (55,757 SF)
Zoning code GID
APN 301-53-065
UPID US07-0018800

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor
  • Construction Company General Contractor
  • General Contractor Construction Company
  • Financial Advisor

Location

1302 Drivers Way Tempe, AZ 85284-1048
Tempe metro Census 319910 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$11.08M
Blend (final) Blend
$1.48M

Owner & transaction history

since 2006
3 recorded transactions
2006
$1.3M
2006
$1.6M
2001
$905,000

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
Restaurant $10.2M +31.9%
Auto repair, garage $10.0M +30.0%

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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