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Property profile & analytics
OFF-MARKET
Estimated value
$8,520,000
Industrial properties
1350 23rd St Tempe, AZ 85282-1837
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US07-3290683
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1970
Construction
CONCRETE
Total area
15,600 SF
Lot
0.92 ac (40,093 SF)
Zoning code
GID
APN
123-35-010D
UPID
US07-3290683
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
Current use
Occupant on record · Public records
-
Document Technologies / Managed IT Services Big Box & Wholesale Store
-
Managed IT Services (Bike/Boat/Book/etc) Store Corporate Office
-
ICON Technical Solutions Inc Business Networking Company
-
Icon Technical Solutions Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.52M
Blend (final)
Blend
$8.52M
Owner & transaction history
Doc Tech Investments LLC · 15 yrs held
Doc Tech Investments LLC
since 2011
7 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.9M
+17.6%
Auto repair, garage
$10.7M
+16.0%
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
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,245,000
Current use
RESTAURANT
$10,875,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,725,000
Change: +16% · Conversion: Easy
RETAIL STORES
$8,215,000
Change: -11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$7,990,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$8.52M
Range $7.67M – $9.37M · ±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
$546 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$17,237
Tax year 2022
Assessed value
$324,126
Assessed 2024
Previous assessed
$248,217
+30.6% YoY
Effective rate
5.32%
On assessed value
Land market value
$392,100
Improvement market value
$1,572,300
Total market value
$1,964,400
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1970
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
15,600 SF
Lot
0.92 ac (40,093 SF)
Zoning code
GID
APN
123-35-010D
UPID
US07-3290683
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
INDUSTRIAL (GENERAL) Current
Est. value
$9.2M
RESTAURANT
Est. value
$10.9M
AUTO REPAIR, GARAGE
Est. value
$10.7M
RETAIL STORES
Est. value
$8.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.0M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1970
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Doc Tech Investments LLC
Entity
Mailing address
1350 W 23RD ST, TEMPE, AZ 85282-1837
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2011
$851,000
Doc Tech Investments LLC
Borrego Springs Bank National Assoc
Special Warranty Deed
$815,000 · Republicbankaz N A
Dec 17, 2010
$875,000
Borrego Springs Bk
Cal-western Reconveyance
Trustees Deed
related
—
Mar 21, 2007
$1,400,000
Aaron L Ingersoll
G & J Properties
Grant Deed
$1,232,500 · Borrego Springs Bank
Nov 2, 1993
$360,000
G Properties
Ups Thrift Paln
Grant Deed
$281,000 · Caliber Bank
—
—
Doc Tech Investments LLC
—
Deed Of Trust
related
$609,000 · Us Small Business Admn
—
—
Doc Tech Investments LLC
—
Deed Of Trust
related
$756,250 · Republic Bank
—
—
G Properties
—
Deed Of Trust
related
$225,000 · Bank One Arizona
—
—
G Properties
—
Deed Of Trust
related
$225,000 · Bank One Arizona
—
—
G Properties
—
Deed Of Trust
related
$90,000 · East Valley Community Bank
—
—
G Properties
—
Deed Of Trust
related
$2,500 · East Valley Community Bank
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.
Try Rey
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