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Property profile & analytics
OFF-MARKET
Estimated value
$22,450,000
Office buildings
1600 Desert Dr Tempe, AZ 85288-1797
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US07-1527547
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Construction
CONCRETE
Total area
91,680 SF
Lot
5.73 ac (249,468 SF)
Zoning code
GID
APN
124-19-008B
UPID
US07-1527547
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
-
Electronic Payment Exchange Corporate Office Business Park
-
Priority 1 Logistics Company Freight Service
-
IMEG Engineering Corporate Office
-
BOWMAN CONSULTING General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.90M
Blend (final)
Blend
$22.45M
Owner & transaction history
Swvp Ptech LLC
Swvp Ptech LLC
since 2025
Last sale
$23.1M
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$25,570,000
Current use
Blend value · Realmo final
$22.45M
Range $20.21M – $24.70M · ±10% · vs last sale $23.10M (May 15 2025)
Last sale anchor
$23.10M
May 15 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
$245 / 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
$181,553
Tax year 2023
Assessed value
$2,045,007
Assessed 2024
Previous assessed
$2,351,797
-13.0% YoY
Effective rate
8.88%
On assessed value
Land market value
$4,092,000
Improvement market value
$8,301,981
Total market value
$12,393,981
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1994
Construction
CONCRETE
Heating
HOT WATER
Cooling
REFRIGERATOR
Stories
3
Total area
91,680 SF
Lot
5.73 ac (249,468 SF)
Zoning code
GID
APN
124-19-008B
UPID
US07-1527547
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
OFFICE BUILDING Current
Est. value
$25.6M
OFFICE BUILDING Current
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
1994
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
3
Lot
5.73 ac
Current owner
From public records · entity-resolved
Swvp Ptech LLC
Entity
Mailing address
415 FISHER RD, GROSSE POINTE, MI 48230-1602
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
29 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2025
$23,100,000
Swvp Ptech LLC
Cio Papago Tech Holdings LLC
Special Warranty Deed
—
Jan 4, 2021
—
Beazer Hms Hldgs
Drp Az 1 LLC
Grant Deed
related
—
Jun 17, 2020
—
Beazer Homes Sales INC
Hms Hldgs Beazer
Quit Claim Deed
related
—
Sep 30, 2019
—
Beazer Homes Sales INC
Hms Hldgs Beazer
Correction Deed
related
—
Sep 20, 2019
—
Beazer Homes Sales INC
Hms Hldgs Beazer
Correction Deed
related
—
Sep 6, 2019
—
Beazer Homes Sales INC
Beazer Hms Hldgs Corp
Correction Deed
related
—
Aug 23, 2019
—
Beazer Homes Sales INC
Hms Hldgs Beazer
Correction Deed
related
—
Jul 16, 2019
—
Beazer Homes Sales INC
Hms Hldgs Beazer
Correction Deed
related
—
May 24, 2019
—
Beazer Homes Sales INC
Beazer Homes Holding LLC
Correction Deed
related
—
Mar 28, 2019
—
Beazer Homes Sales INC
Hms Hldgs Beazer
Correction Deed
related
—
Feb 28, 2019
—
Beazer Homes Sales INC
Hms Hldgs Beazer
Correction Deed
related
—
Feb 22, 2019
—
Beazer Homes Sales INC
Beazer Hms Hldgs Corp
Correction Deed
related
—
Jan 29, 2019
—
Beazer Homes Sales INC
Hms Hldgs Beazer
Correction Deed
related
—
Jan 25, 2019
—
Beazer Homes Sales INC
Beazer Hms Hldgs Corp
Correction Deed
related
—
Jan 18, 2019
—
Beazer Homes Sales INC
Beazer Hms Hldgs
Quit Claim Deed
related
—
Dec 31, 2018
—
Beazer Homes Sales INC
Beazer Hms Hldgs Corp
Quit Claim Deed
related
—
Dec 28, 2018
—
Beazer Homes Sales INC
Beazer Homes Holdings LLC
Quit Claim Deed
related
—
Nov 9, 2018
—
Beazer Homes Sales INC
Beazer Hms Hldgs Corp
Quit Claim Deed
related
—
Oct 19, 2017
$17,399,629
Cio Papago Tech Holdings Ll
Wdp Desert Drive LLC
Grant Deed
—
May 3, 2013
$5,300,000
Wdp Desert Drive LLC Drive
Bokf NA
Grant Deed
—
Dec 29, 2009
$9,894,000
Bank Of Ok
Palmer Andrea M
Trustees Deed
related
—
May 1, 2009
—
Papago Paragon Partners LLC
New Floorz LLC
Quit Claim Deed
related
—
Mar 31, 2005
$1,634,801
Papago Paragon Partners LLC
Salt Riv Project Agricultural
Grant Deed
—
Dec 30, 2004
$11,350,000
Papago Paragon Partners LLC
Three-five Systems INC
Grant Deed
$10,800,000 · Specialty Trust INC
Sep 9, 2004
—
Dart,trust
City Of Tempe
Grant Deed
related
—
Jul 16, 2004
—
Three-five Systems INC
City Of Tempe
Grant Deed
related
—
—
—
Wdp Desert Drive LLC
—
Deed Of Trust
related
$3,997,385 · National Bk/az
—
—
Papago Paragon Partners LLC
—
Deed Of Trust
related
$12,500,000 · Bank Of Oklahoma
—
—
Papago Paragon Partners LLC
—
Deed Of Trust
related
$30,000 · Hollowbrook Capital Group LLC
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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