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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Office buildings
180 Ash Ave 5, Tempe, AZ 85281-2832
Entity Owned
1-yr Hold
Free & Clear
Property ID
US07-2190768
Property summary
AI-generated overview
This exceptional 2,900 square foot executive office building, located at 180 S Ash Ave in Tempe, Arizona (zip code 85281), presents a unique investment opportunity. Originally constructed in 1910 and renovated in 1990, this two-story building sits on a 0.24-acre lot (APN 132-29-980) and is zoned for Pad, City of Tempe. The property boasts neo-classical architecture, showcasing rusticated concrete block construction, a testament to its rich history. Relocated in 1970 to its current location, this historically significant building offers a blend of classic charm and modern functionality. Its single-tenancy setup provides a private and prestigious workspace. The building's historical significance, combined with its prime Tempe location, makes it an ideal owner-user investment. The asking price is $1,300,000. This is a rare chance to own a piece of Tempe's history while enjoying the benefits of a modern, well-maintained commercial space. The property's unique character and prestigious address are sure to impress clients and visitors alike. Don't miss this opportunity to acquire a truly distinctive commercial property in a thriving Arizona market.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1910
Construction
CONCRETE
Total area
2,646 SF
Lot
0.03 ac (1,322 SF)
Zoning code
CC
APN
132-29-980
UPID
US07-2190768
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
-
The Law Office of Kyle T. Green PLLC Law Firm
-
Richardson David L Law Firm
-
Munoz Law Office Law Firm
-
UNDERKUT PIPELINE LLC Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$775k
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.02M
Owner & transaction history
Anton Rx LLC · 1 yrs held
Anton Rx LLC
since 2025
Last sale
$1.1M
5 recorded transactions
Zoning & alternative use
CC · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+95.5%
Neighborhood: shopping center
$1.3M
+86.4%
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
$1,275,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$840,000
6.5%
$775,000
7%
$720,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$715,000
Current use
RETAIL STORES
$1,395,000
Change: +96% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,330,000
Change: +86% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10% · vs last sale $1.10M (Dec 28 2024)
Last sale anchor
$1.10M
Dec 28 2024
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
$385 / 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
$5,968
Tax year 2023
Assessed value
$83,655
Assessed 2024
Previous assessed
$72,811
+14.9% YoY
Effective rate
7.13%
On assessed value
Land market value
$101,400
Improvement market value
$405,600
Total market value
$507,000
Applied tax rate
31,602.0000
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
1910
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Total area
2,646 SF
Lot
0.03 ac (1,322 SF)
Zoning code
CC
APN
132-29-980
UPID
US07-2190768
Jurisdiction
MARICOPA
Zoning & alternative use
CC · Tempe, AZ
Zoning CC · permitted uses
CC · 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
$715,000
RETAIL STORES
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
OFFICE BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1910
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
Anton Rx LLC
Entity
Free & Clear · 1 yrs held
Mailing address
234 E 15TH ST, TEMPE, AZ 85281-6610
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2025
$1,100,000
Anton Rx LLC
180 Richardson Real Estate LLC
Warranty Deed
—
Jan 12, 2021
—
180 Richardson Real Estate LLC
David L Richardson
Quit Claim Deed
—
Feb 7, 2020
—
David L Richardson
—
Deed
related
$30,098 · Macayos Depot Cantina R/e Hldg
Mar 14, 2008
$995,000
David L Richardson
Mill Properties LLC
Grant Deed
—
—
—
David L Richardson
—
Deed Of Trust
related
$30,098 · Macayos Depot Cantina R/e Hldg
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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