Property profile

1602 Priest Dr Ste 101 Tempe, AZ 85281

OFF-MARKET
Medical Office Space
Property ID
US07-1815811
10,389 SF 0.04 ac lot Built 2009
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2009
Construction CONCRETE
Total area 10,389 SF
Lot 0.04 ac (1,942 SF)
Zoning code GID
APN 124-58-131
UPID US07-1815811

Cap rate & NOI

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

Location

1602 Priest Dr Ste, Unit 101 Tempe, AZ 85281-6485
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
$1.43M
Blend (final) Blend
$1.19M

Owner & transaction history

since 2023
Last sale
$950,000
3 recorded transactions
2023
$950,000
2021
Price N/A
2011
$581,728

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

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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