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Property profile & analytics
OFF-MARKET
Estimated value
$33,085,000
Flex space
1719 University Dr Tempe, AZ 85281-3256
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0929240
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1982
Construction
CONCRETE
Total area
10,302 SF
Lot
4.7 ac (204,601 SF)
Zoning code
GID
APN
124-60-004J
UPID
US07-0929240
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
-
Brand Print Ship LLC (Bike/Boat/Book/etc) Store Printing Service
-
SL Diversified Printing LLC Marketing & Advertising Advertising Agency
-
Boho Camper Vans Car Dealership
-
ICONIC MOTORCARS Car Dealership
-
Artisan Ice Big Box & Wholesale Store Distribution Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$26.13M
Blend (final)
Blend
$33.09M
Owner & transaction history
Bkm Gateway University Park 306 LLC · 2 yrs held
Bkm Gateway University Park 306 LLC
since 2023
Last sale
$37.6M
6 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
$37,930,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$33.09M
Range $29.78M – $36.39M · ±10% · vs last sale $37.61M (Dec 21 2023)
Last sale anchor
$37.61M
Dec 21 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
$3,212 / 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
$107,235
Tax year 2023
Assessed value
$3,110,267
Assessed 2024
Previous assessed
$2,316,063
+34.3% YoY
Effective rate
3.45%
On assessed value
Land market value
$860,900
Improvement market value
$17,989,200
Total market value
$18,850,100
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1982
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Buildings
8
Stories
1
Units
8
Total area
10,302 SF
Lot
4.7 ac (204,601 SF)
Zoning code
GID
APN
124-60-004J
UPID
US07-0929240
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.
Building & site characteristics
From public records
Year built
1982
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
8
Units
8
Lot
4.7 ac
Current owner
From public records · entity-resolved
Bkm Gateway University Park 306 LLC
Entity
Mailing address
1701 QUAIL ST STE #100, NEWPORT BEACH, CA 92660-2796
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2023
$37,609,860
Bkm Gateway University Park 306 LLC
Gateway Pbp Uni I LLC
Special Warranty Deed
$32,500,000 · First Citizens Bank & Trust Co
Dec 22, 2020
—
Gateway Pbp Uni I LLC
—
Deed
related
$15,450,000 · Miscellaneous Ins Co
Nov 21, 2014
$15,811,693
Gateway Pbp Uni I LLC
Ps Business Parks LP
Special Warranty Deed
$23,800,000 · Prudential Insurance Company Of Ame
Nov 9, 2005
—
Pcw Properties INC
—
Trustees Deed
related
$1,600,000 · Arizona Business Bank
Jan 2, 1997
$7,200,000
American Office Park Properties
Ps Partners 7 Ltd
Grant Deed
—
—
—
Gateway Pbp Uni I LLC
—
Deed Of Trust
related
$15,450,000 · Miscellaneous Ins Co
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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