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Property profile & analytics
OFF-MARKET
Estimated value
$14,275,000
Flex space
1520 Mineral Rd, Tempe, AZ 85283-4354
Entity Owned
Free & Clear
Property ID
US07-0659348
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1982
Construction
CONCRETE
Total area
45,662 SF
Lot
0.95 ac (41,251 SF)
Zoning code
GID
APN
301-42-045
UPID
US07-0659348
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
-
Setjoo Academy Vocational School Training Center
-
Setjoo Answers Tech Support Center IT Consulting Firm
-
Windshield Express Auto Repair Shop Vehicle Inspection Center
-
Tempe Towing Service Auto Repair Shop
-
Huss Brewing Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.92M
Blend (final)
Blend
$14.28M
Owner & transaction history
Tempe 1520 Properties Bk7 LLC
Tempe 1520 Properties Bk7 LLC
since 2025
Last sale
$14.3M
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
$10,935,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$22,925,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$14.28M
Range $12.85M – $15.70M · ±10% · vs last sale $14.25M (Jun 12 2025)
Last sale anchor
$14.25M
Jun 12 2025
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
$313 / 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
$34,495
Tax year 2023
Assessed value
$752,483
Assessed 2024
Previous assessed
$538,934
+39.6% YoY
Effective rate
4.58%
On assessed value
Land market value
$464,200
Improvement market value
$4,096,300
Total market value
$4,560,500
Applied tax rate
281,600.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
45,662 SF
Lot
0.95 ac (41,251 SF)
Zoning code
GID
APN
301-42-045
UPID
US07-0659348
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$22.9M
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
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Tempe 1520 Properties Bk7 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
8888 E RAINTREE DR STE #155, SCOTTSDALE, AZ 85260-3952
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2025
$14,250,000
Tempe 1520 Properties Bk7 LLC
Pegasus Tempe Owner LLC
Special Warranty Deed
—
Oct 15, 2021
$11,408,000
Pegasus Tempe Owner LLC
Mineral Road Trust Partners LLC
Special Warranty Deed
—
Nov 8, 2016
—
Mineral Road Trust Ptrs LLC
—
Deed
related
$3,400,000 · Us Bk
Aug 16, 2002
$3,250,000
Mineral Road Trust Partners Ll
Mineral Road LLC
Grant Deed
related
$2,720,000 · California Bank & Trust
Aug 24, 1998
$2,915,000
Mineral Road LLC
Spica Group
Grant Deed
—
Dec 31, 1987
—
56th Stree South
—
Deed Of Trust
related
—
—
—
Mineral Road Trust Ptrs LLC
—
Deed Of Trust
related
$3,300,000 · Canada Life Assurance Co
—
—
Mineral Road Trust Ptrs LLC
—
Deed Of Trust
related
$3,400,000 · Us 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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