Property profile

1555 Elna Rae St Tempe, AZ 85281

OFF-MARKET
Warehouses
Property ID
US07-1155608
10,050 SF 0.68 ac lot Built 2005
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2005
Construction CONCRETE
Total area 10,050 SF
Lot 0.68 ac (29,561 SF)
Zoning code GID
APN 124-60-044
UPID US07-1155608

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Factory Production Facility

Location

1555 Elna Rae St Tempe, AZ 85281-5219
Tempe metro Census 319710 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.54M
Blend (final) Blend
$890k

Owner & transaction history

since 2014
7 recorded transactions
2022
Price N/A
2014
$900,000
2012
$755,000
2004
$310,390
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

GID · Tempe, AZ
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.

General category INDUSTRIAL
Top alternative use upside
Office building $2.7M +40.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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