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Property profile & analytics
OFF-MARKET
Estimated value
$46,360,000
Industrial properties
1505 17th St Tempe, AZ 85281-6225
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US07-0142509
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1978
Construction
CONCRETE
Total area
20,400 SF
Lot
1.62 ac (70,666 SF)
Zoning code
GID
APN
124-58-079D
UPID
US07-0142509
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$46.36M
Blend (final)
Blend
$46.36M
Owner & transaction history
1515 17th Street LLC · 15 yrs held
1515 17th Street LLC
since 2010
7 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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)
$29,775,000
Current use
Blend value · Realmo final
$46.36M
Range $41.72M – $51.00M · ±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
$2,273 / 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
$27,917
Tax year 2023
Assessed value
$451,704
Assessed 2024
Previous assessed
$341,989
+32.1% YoY
Effective rate
6.18%
On assessed value
Land market value
$530,500
Improvement market value
$2,207,100
Total market value
$2,737,600
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
1978
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
20,400 SF
Lot
1.62 ac (70,666 SF)
Zoning code
GID
APN
124-58-079D
UPID
US07-0142509
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
$29.8M
INDUSTRIAL (GENERAL) Current
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
1978
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.62 ac
Current owner
From public records · entity-resolved
1515 17th Street LLC
Entity
Mailing address
1505 W 17TH ST, TEMPE, AZ 85281-6225
Ownership since
2010
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
Dec 2, 2010
$1,590,000
1515 17th Street LLC
Terrence R White
Special Warranty Deed
$1,176,000 · Bank Of Arizona NA
May 26, 2005
$1,625,000
White Trust
Prospector Props Of Tempe LLC
Grant Deed
—
Oct 5, 2000
$1,230,000
Prospector Properties Tempe Ll
Sg & H Partners LP
Grant Deed
$984,000 · Firstar Bank
Dec 30, 1998
—
Sg LP
Sator,frank E
Quit Claim Deed
related
—
Jan 30, 1991
$700,000
California Shirt
Pixley Richards
Grant Deed
—
Apr 9, 1990
—
Richards Pixley
Dsm Plastic Prod
Grant Deed
related
—
Oct 12, 1989
—
D S M Plastic Pr
Silverlake INC
Grant Deed
related
—
Apr 24, 1989
—
Silverlake INC
—
Deed Of Trust
related
—
—
—
Prospector Properties Of Tempe
—
Deed Of Trust
related
$870,000 · Compass Bank
—
—
Frank E Sator
—
Deed Of Trust
related
—
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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