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Property profile & analytics
OFF-MARKET
Estimated value
$2,255,000
Warehouses
1445 Mckellips Rd, Tempe, AZ 85288-1307
Entity Owned
9-yr Hold
Free & Clear
Property ID
US07-0823998
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2001
Construction
STEEL FRAME
Total area
8,000 SF
Lot
1 ac (43,560 SF)
Zoning code
I-1
APN
132-07-003B
UPID
US07-0823998
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
-
Tri-City Storage Solutions Storage Facility
-
Phoenix Barmitzvahs Event Planning Wedding Service
-
Wholesale Bedding (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$2.26M
Owner & transaction history
Tri City Storage Solutions LLC · 9 yrs held
Tri City Storage Solutions LLC
since 2017
7 recorded transactions
Zoning & alternative use
I-1 · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.2M
+44.3%
Medical building
$1.6M
+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
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
WAREHOUSE, STORAGE
$1,545,000
Current use
OFFICE BUILDING
$2,230,000
Change: +44% · Conversion: Difficult
MEDICAL BUILDING
$1,640,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$2.26M
Range $2.03M – $2.48M · ±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
$282 / 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
$23,523
Tax year 2023
Assessed value
$287,727
Assessed 2024
Previous assessed
$811,342
-64.5% YoY
Effective rate
8.18%
On assessed value
Land market value
$666,800
Improvement market value
$1,077,000
Total market value
$1,743,800
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
EVAPORATIVE
Buildings
4
Stories
1
Units
4
Rooms
2
Bathrooms
1
Total area
8,000 SF
Lot
1 ac (43,560 SF)
Zoning code
I-1
APN
132-07-003B
UPID
US07-0823998
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Tempe, AZ
Zoning I-1 · permitted uses
I-1 · 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
$1.5M
OFFICE BUILDING
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$1.6M
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
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Units
4
Rooms
2
Bathrooms
1
Lot
1 ac
Current owner
From public records · entity-resolved
Tri City Storage Solutions LLC
Entity
Free & Clear · 9 yrs held
Mailing address
65 S SYCAMORE 2ND STE #2, MESA, AZ 85202-1143
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2020
—
Tri City Storage Solutions LLC
—
Deed
related
$2,268,000 · Western Alliance Bk
Nov 27, 2018
—
Tri City Storage Solutions LLC
—
Loan Modification
related
$1,875,000 · Western Alliance Bk
Apr 11, 2017
—
Tri City Storage Solutions LLC
Swanson Thomas & M Trust
Grant Deed
related
—
Feb 1, 2017
—
Tri City Storage Solutions LLC
Swanson Thomas & M Trust
Grant Deed
—
Nov 2, 2016
—
Swanson,thomas & Melinda Trust
—
Deed
related
$1,500,000 · Western Alliance Bk
Mar 17, 2004
—
Swanson,tr
Swanson,thomas & Melinda
Quit Claim Deed
related
—
May 13, 1994
$80,000
Thomas R Swanson
Scott
Grant Deed
—
Apr 2, 1993
—
Ann M Scott
Pennington Trust
Grant Deed
related
—
Apr 1, 1993
—
Scott Family Trust
Scott
Quit Claim Deed
related
—
Jul 17, 1992
—
Pennington Family Trust
Pennington
Quit Claim Deed
related
—
—
—
Swanson,thomas & Melinda Trust
—
Loan Modification
related
$1,500,000 · Western Alliance Bk
—
—
Tri City Storage Solutions LLC
—
Loan Modification
related
$2,268,000 · Western Alliance Bk
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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