Property profile

1337 University Dr Tempe, AZ 85288

OFF-MARKET
Flex space
Property ID
US07-1553121
3,826 SF 0.39 ac lot Built 1985
Entity Owned ~ Est. High Equity
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Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1985
Construction CONCRETE
Total area 3,826 SF
Lot 0.39 ac (16,825 SF)
Zoning code GID
APN 132-59-051
UPID US07-1553121

Cap rate & NOI

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

Location

1337 University Dr Tempe, AZ 85288-4216
Tempe metro Census 319103 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
by Request
Comparable Approach Comparable
$783k
Blend (final) Blend
$430k

Owner & transaction history

since 2025
5 recorded transactions
2025
$910,000
2009
$490,000
2009
$377,500
1994
$375,000
1969
Price N/A

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 $1.1M +76.3%
Medical building $785,000 +29.4%
Warehouse, storage $740,000 +22.2%

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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