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Property profile & analytics
FOR LEASE
Distribution centers
1524 W 14Th St Tempe, AZ 85281
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0541509
For Lease
1 / 4
Contact for pricing
1524 W 14Th St, Tempe, AZ 85281
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Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1977
Construction
CONCRETE
Total area
172,960 SF
Lot
3.13 ac (136,269 SF)
Zoning code
GID
APN
124-58-044
UPID
US07-0541509
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
-
Electro Wire Genuine Cable Group Building Supply Electrical Service
-
Connect Air Genuine Cable Group Telecommunications Service
-
EIS BEST GLOBAL SALES INC Corporate Office
-
EIS | Engineered & Industrial Solutions Big Box & Wholesale Store
-
EIS Fabrication Solutions Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$29.40M
Comparable Approach
Comparable
$29.60M
Blend (final)
Blend
$29.33M
Owner & transaction history
Mdh F3 Bayou West LLC · 1 yrs held
Mdh F3 Bayou West LLC
since 2024
Last sale
$32.3M
7 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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.
Zone name
General Industrial District
General category
INDUSTRIAL
Zone area
4,720.51 ac
Source
Realmo
Top alternative use upside
Office building
$46.6M
+40.2%
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
$28,705,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$31,850,000
6.5%
$29,400,000
7%
$27,300,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$33,235,000
Current use
OFFICE BUILDING
$46,590,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$29.33M
Range $26.39M – $32.26M · ±10% · vs last sale $32.25M (Sep 30 2024)
Last sale anchor
$32.25M
Sep 30 2024
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
$170 / 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
$130,785
Tax year 2023
Assessed value
$3,710,322
Assessed 2024
Previous assessed
$2,880,191
+28.8% YoY
Effective rate
3.52%
On assessed value
Land market value
$754,500
Improvement market value
$21,732,300
Total market value
$22,486,800
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1977
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
172,960 SF
Lot
3.13 ac (136,269 SF)
Zoning code
GID
APN
124-58-044
UPID
US07-0541509
Jurisdiction
MARICOPA
Zoning & alternative use
GID · Tempe, AZZoning GID · permitted uses
GID · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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.
Zone name
General Industrial District
General category
INDUSTRIAL
Zone area
4,720.51 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$33.2M
OFFICE BUILDING
Est. value
$46.6M
WAREHOUSE, STORAGE Current
OFFICE 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
1977
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
3.13 ac
Current owner
From public records · entity-resolved
Mdh F3 Bayou West LLC
Entity
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Ownership since
2024
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
Dec 30, 2024
$32,250,000
Mdh F3 Bayou West LLC
Bcor Tlc Owner LLC
Special Warranty Deed
$258,089 · Wells Fargo Bank NA
Jan 14, 2022
—
Bcore Tlc Owner LLC
—
Deed
related
$690,000,000 · Wells Fargo Bank NA
Oct 7, 2021
$35,125,000
Bcore Tlc Owner LLC
Nbinv Af2 LLC
Special Warranty Deed
—
Oct 12, 2017
$18,100,000
Nbinv Af2 LLC
Lba Realty Fund II-co X Ll
Grant Deed
—
Mar 18, 2013
—
Lba Realty Fund II Company X LLC
Lba Realty Fund II Company III LLC
Special Warranty Deed
$37,000,000 · Jpmorgan Chase Bank NA
Feb 3, 2011
—
Lba Realty Fund II-co III LLC
—
Deed Of Trust
related
$4,900,000 · Massachusetts Mutual Life Ins
Feb 1, 2006
$14,000,000
Lba Realty Fund II-co III LLC
Nshe State College LLC
Grant Deed
—
Dec 6, 2005
$14,000,000
Nshe State College LLC
Tempe Industrial LLC
Grant Deed
—
Oct 4, 2004
—
Tempe Industrial LLC
Owner Name Unavailable
Grant Deed
related
$6,450,000 · American Investors Life Ins
May 14, 2004
$12,000,000
12131 Western Industrial LLC
Vj 14th Street LLC
Grant Deed
$5,557,650 · Wells Fargo Bank
May 14, 2004
—
Vj La Fontanel LLC
Vj 14th Street LLC
Grant Deed
related
—
Jan 29, 1999
$5,350,000
Vj 14th St LLC
Broadway Stores INC
Grant Deed
$6,650,000 · Fremont Investment & Loan
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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