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Property profile & analytics
OFF-MARKET
Estimated value
$2,375,000
Warehouses
1809 Holbrook Ln, Tempe, AZ 85281-6051
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0086653
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Construction
CONCRETE
Total area
12,414 SF
Lot
1.01 ac (43,908 SF)
Zoning code
GID
APN
133-05-014B
UPID
US07-0086653
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
-
Motion Tactic Marketing & Advertising (Bike/Boat/Book/etc) Store
-
GT Medical Technologies Inc. Production Facility Factory
-
Menlo Group Real Estate Agency
-
Menlo Business Brokerage Business Broker
-
Simplex Research Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.38M
Blend (final)
Blend
$2.38M
Owner & transaction history
Menlo Property Holdings I LLC · 10 yrs held
Menlo Property Holdings I LLC
since 2016
7 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.3M
+40.2%
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
WAREHOUSE, STORAGE
$2,385,000
Current use
OFFICE BUILDING
$3,345,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$2.38M
Range $2.14M – $2.61M · ±10%
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
$191 / 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
$22,693
Tax year 2023
Assessed value
$298,007
Assessed 2024
Previous assessed
$230,843
+29.1% YoY
Effective rate
7.61%
On assessed value
Land market value
$1,023,100
Improvement market value
$783,000
Total market value
$1,806,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
12,414 SF
Lot
1.01 ac (43,908 SF)
Zoning code
GID
APN
133-05-014B
UPID
US07-0086653
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
WAREHOUSE, STORAGE Current
Est. value
$2.4M
OFFICE BUILDING
Est. value
$3.3M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1980
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Menlo Property Holdings I LLC
Entity
Mailing address
2260 W BROADWAY RD STE #102, MESA, AZ 85202-1899
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2021
—
Menlo Property Holdings I LLC
—
Deed
related
$1,844,500 · Bell Bank
Sep 12, 2017
—
Menlo Property Holdings I LLC
—
Deed
related
$1,125,000 · Arizona Busn Bk
Dec 21, 2016
—
Menlo Property Holdings I LLC
—
Trustees Deed
related
$1,125,000 · Arizona Busn Bk
Mar 24, 2016
$935,000
Menlo Property Holdings I LLC
4front Holdings LLC
Warranty Deed
$701,250 · Arizona Business Bank
Apr 23, 2012
$650,000
4front Holdings LLC
Clod LLC
Special Warranty Deed
$582,000 · Us Bank NA
Mar 15, 2011
$510,000
Clod LLC
Sterling Svgs Bk
Grant Deed
—
Oct 5, 2010
$397,600
Sterling Svgs Bk
Baron,carol M
Trustees Deed
related
—
Nov 22, 2005
—
Bozovich Family Trust
Bozovich Family Trust
Quit Claim Deed
related
—
Nov 22, 2005
$985,000
Todd M Scwallie
Marboz LLC
Grant Deed
$914,000 · Sonoma National Bank
Jan 8, 2004
—
Bozovich,tr
Bozovich,nicholas G
Quit Claim Deed
related
—
Apr 9, 1987
$70,184
Nick R Bozovich
—
Grant Deed
related
—
—
—
Menlo Property Holdings I LLC
—
Deed Of Trust
related
$922,000 · Southwestern Busn Financing
—
—
Menlo Property Holdings I LLC
—
Deed Of Trust
related
$1,125,000 · Arizona Busn Bk
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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