Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1555 10th Pl Tempe, AZ 85281-5247

    • Commercial real estate
    • 0.06 lot acres
    OFF-MARKET
    Last Sale
    Sep 24, 2024
    $10,750,000
    Value Estimations
    $10,750,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1539472
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • AGC Nelco America, Inc. / Industrial Manufacturer / Production Facility
    • BFD Nutrition / (Bike/Boat/Book/etc) Store / Pharmacy
    • FloorsASAP / Carpet & Flooring Store

    Property Details for 1555 10th Pl

    Lot size
    0.06 lot acres
    Zone code
    GID
    Property type
    Commercial real estate
    APN
    124-60-005C
    APU
    12460005C

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,750,000
      ML approach
      $10,750,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.965
    Latitude
    33.4165
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $295
    $0.00
    $0.00
    $2,690
    -
    $16,300
    $0.00
    $16,300

    Comparable in this City

    • Value Estimation by Request
      64,072 SF

      1605 University Dr

      Flex space • 64,072 SF
      1605 University Dr, Tempe, AZ 85281
      View Details
    • Value Estimation by Request
      1.95 Acres

      Swc Mcclintock Rd And Apache Blvd

      Multifamily properties • 16,725 SF
      0 Swc Mcclintock Rd And Apache Blvd, Tempe, AZ 85281
      View Details
    • Value Estimation by Request
      0.11 Acres

      1802 Randall Dr

      COMMERCIAL (GENERAL) • 0.11 Acres
      1802 Randall Dr, Tempe, AZ 85281-4575
      View Details
    • Value Estimation by Request
      0.61 Acres

      1375 Rio Salado Pkwy

      COMMERCIAL (GENERAL) • 0.61 Acres
      1375 Rio Salado Pkwy, Tempe, AZ 85281
      View Details
    • Value Estimation by Request
      0.35 Acres

      3 Rio Salado Pkwy

      COMMERCIAL (GENERAL) • 0.35 Acres
      3 Rio Salado Pkwy, Tempe, AZ 85281
      View Details
    • Value Estimation by Request
      0.08 Acres

      1440 University Dr

      COMMERCIAL (GENERAL) • 0.08 Acres
      1440 University Dr, Tempe, AZ 85281-3226
      View Details

    Similar Nearby for Sale

    • $329,000
      0.11 Acres

      Tempe Land Near ASU

      Residential lot in desirable Tempe location near ASU.
      1190 S Maple Ave, Tempe, AZ 85281
      View Details
    • $4,250,000
      1.36 Acres

      Tempe Industrial Flex Space Investment

      High-exposure, multi-use industrial property.
      2640 Medtronic Way, Tempe, AZ 85281
      View Details
    • New
      $675,000
      0.36 Acres

      Tempe Multifamily R-3 Lot

      Rare Tempe lot with freeway frontage and high traffic.
      1272 S Price Rd, Tempe, AZ 85281
      View Details
    • New
      $1,200,000

      Tempe Condos Bulk Sale

      Eight condos for sale in Tempe, located in an Opportunity Zone.
      510 W University Dr, Tempe, AZ 85281
      View Details
    • Contact for pricing

      Tempe Land Near ASU Campus

      Infill land near ASU with utilities and irrigation access.
      1986 E University Dr, Tempe, AZ 85281
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      AZ, Tempe - Hayden Ferry Lake

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      60 Rio Salado Pkwy, Tempe, AZ 85281
      View Details
    • Contact for pricing

      Industrial Space For Lease

      Industrial space available for lease in Tempe, Arizona.
      1505 E Weber Dr, Tempe, AZ 85281
      View Details
    • Contact for pricing
      1,167 SF

      Restaurant Space Near ASU Campus

      1,167 SF restaurant space for lease near ASU.
      1932 E University Dr, Tempe, AZ 85281
      View Details
    • Contact for pricing
      1,356 SF

      Tempe Retail Space For Rent

      Retail space available in a busy Tempe shopping center.
      2000 E Rio Salado Pkwy, Tempe, AZ 85281
      View Details
    • Contact for pricing
      4,512 SF

      Tempe Warehouse Space Available

      Warehouse spaces with A/C cooling, easy freeway access for lease.
      2414 W 12Th St, Tempe, AZ 85281
      View Details
    • $15 SF/Yr
      1,895 SF

      Medical Office Space Available

      Medical office space with exam rooms, reception, and ADA access.
      2428 E Apache Blvd, Tempe, AZ 85281
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1555 10th Pl
    Tempe, AZ 85281-5247
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!