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Property profile & analytics
OFF-MARKET
Estimated value
$3,415,000
Distribution centers
1544 Mineral Rd, Tempe, AZ 85283
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-0715637
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1982
Construction
CONCRETE
Total area
16,867 SF
Lot
1.33 ac (57,752 SF)
Zoning code
GID
APN
301-42-052
UPID
US07-0715637
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
$2.87M
Comparable Approach
Comparable
$3.21M
Blend (final)
Blend
$3.42M
Owner & transaction history
Constellation Holdings Group LLC · 3 yrs held
Constellation Holdings Group LLC
since 2023
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.2M
+29.9%
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
$3,475,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,105,000
6.5%
$2,865,000
7%
$2,665,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,240,000
Current use
OFFICE BUILDING
$4,210,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$3.42M
Range $3.07M – $3.76M · ±10% · vs last sale $3.86M (Jan 6 2023)
Last sale anchor
$3.86M
Jan 6 2023
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
$202 / 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
$22,751
Tax year 2023
Assessed value
$402,980
Assessed 2024
Previous assessed
$319,498
+26.1% YoY
Effective rate
5.65%
On assessed value
Land market value
$698,400
Improvement market value
$1,743,900
Total market value
$2,442,300
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
16,867 SF
Lot
1.33 ac (57,752 SF)
Zoning code
GID
APN
301-42-052
UPID
US07-0715637
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
WAREHOUSE, STORAGE Current
Est. value
$3.2M
OFFICE BUILDING
Est. value
$4.2M
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
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
Constellation Holdings Group LLC
Entity
Mailing address
15953 E LONESOME LN, GILBERT, AZ 85298-9534
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2023
$3,856,050
Constellation Holdings Group LLC
Mineral St LLC
Special Warranty Deed
$1,534,420 · Western Alliance Bank
Jan 13, 2020
—
Mineral St LLC
—
Deed
related
$1,118,000 · Wells Fargo Bank NA
Apr 13, 2010
$1,450,000
Mineral St LLC
Kalliope Investments LLC
Grant Deed
$1,486,800 · Alliance Bank Of Arizona
Jan 14, 1999
$1,006,500
Kalliope Investments LLC
Coulter,william R & Julie R
Trustees Deed
$812,000 · Bank One Arizona
Jan 14, 1999
—
William R Coulter
Coulter Properies LP
Quit Claim Deed
related
—
Jun 26, 1998
$71,860
Coulter,william R & Julie R
Fbr/drake LLC
Trustees Deed
—
Jun 26, 1998
$765,260
Coulter Propertis LP
Fbr/drake LLC
Trustees Deed
—
Jul 31, 1995
$522,000
Drake L L C Fbr
Tempe Investment Corp
Grant Deed
$200,000 · Seller
Jul 1, 1991
$780,000
Tempe Investment
Arizona State Op
Grant Deed
$600,000 · Seller
—
—
Kalliope Investments LLC
—
Deed Of Trust
related
$1,000,000 · J P Morgan Chase Bank
—
—
Mineral St LLC
—
Deed Of Trust
related
$1,617,500 · Alliance Bank Of Arizona
—
—
Kalliope Investments LLC
—
Deed Of Trust
related
$812,000 · Bank One Arizona
—
—
Kalliope Investments LLC
—
Deed Of Trust
related
$1,000,000 · Bank One NA
—
—
Kalliope Investments LLC
—
Deed Of Trust
related
$250,000 · Bank One Arizona
—
—
Mineral St LLC
—
Deed Of Trust
related
$726,000 · Business Development Finance
—
—
Kalliope Investments LLC
—
Deed Of Trust
related
$400,000 · Bank One NA
—
—
Kalliope Investments LLC
—
Deed Of Trust
related
$250,000 · Bank One Arizona
—
—
Kalliope Investments LLC
—
Deed Of Trust
related
$250,000 · Bank One Arizona
—
—
Business Dev Finance Corp Cdc
—
Deed Of Trust
related
$898,300 · Alliance Bank Of Arizona
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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