Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1819 W Drake Dr Tempe, AZ 85283
    Back to Search
    Property profile & analytics

    1819 W Drake Dr Tempe, AZ 85283

    View on Map
    • Flex space
    • 5,900 SF
    • 8.01 lot acres
    For Sale
    $8,710,000
    View Listing →
    Tempe Industrial Park with Visibility For Sale
    $8,710,000
    202,941 SF

    Tempe Industrial Park with Visibility

    202,941 SF industrial space with I-10 visibility.

    1819, 1825, 1829, 1839 & 1849 W. Drake Dr., Tempe, AZ 85283
    View Listing
    Property ID
    US07-1288747
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Elliot Park 10 / Business Park
    • Center For Tox Services Inc / Laboratory

    Property Details for 1819 W Drake Dr

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    8.01 lot acres
    Property size
    5,900 SF
    Zone code
    GID
    Property type
    Flex space
    APN
    301-41-174A
    APU
    30141174A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,065,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,241,000
      Market price range: $825k - $6.24M
      AI Estimate
      $6,241,000
      Market price range: $825k - $6.24M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.969
    Latitude
    33.3543
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $86,848
    $0.00
    $0.00
    $2,211,215
    -
    $3,536,100
    $9,865,200
    $13,401,300

    Comparable in this City

    • Value Estimation
      $3,100,000
      19,532 SF

      2737 Baseline Rd Ste, Unit 24

      LIGHT INDUSTRIAL • 19,532 SF
      2737 Baseline Rd Ste, Tempe, AZ 85283-1051
      View Details
    • Value Estimation
      $20,190,000
      22,916 SF

      405 Guadalupe Rd

      LIGHT INDUSTRIAL • 22,916 SF
      405 Guadalupe Rd, Tempe, AZ 85283-3518
      View Details
    • Value Estimation
      $12,080,000
      18,293 SF

      6809 Harl Ave

      LIGHT INDUSTRIAL • 18,293 SF
      6809 Harl Ave, Tempe, AZ 85283-4321
      View Details
    • Value Estimation
      $10,885,000
      16,429 SF

      6745 Harl Ave

      LIGHT INDUSTRIAL • 16,429 SF
      6745 Harl Ave, Tempe, AZ 85283-4376
      View Details
    • Value Estimation
      $4,500,000
      27,344 SF

      7425 Harl Ave

      LIGHT INDUSTRIAL • 27,344 SF
      7425 Harl Ave, Tempe, AZ 85283-4378
      View Details
    • Value Estimation by Request
      9,958 SF

      6125 Ash Ave

      LIGHT INDUSTRIAL • 9,958 SF
      6125 Ash Ave, Tempe, AZ 85283-5624
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Tempe Industrial Park with Visibility

      202,941 SF industrial space with I-10 visibility.
      1819 W Drake Dr, Tempe, AZ 85283
      View Details
    • Contact for pricing
      9,558 SF

      Tempe Freestanding Industrial Building

      9,558 SF industrial building in a dynamic Tempe location.
      411 W Gemini Dr, Tempe, AZ 85283
      View Details
    • $5,700,000
      13,813 SF

      Tempe Retail Space For Sale

      13,813 SqFt retail space with 5.53% CAP rate.
      1424 W Baseline Rd, Tempe, AZ 85283
      View Details
    • Contact for pricing

      Retail Space at Guadalupe & McClintock

      Hard corner retail space with excellent visibility in Tempe.
      6350 S Mcclintock Dr, Tempe, AZ 85283
      View Details
    • Contact for pricing

      Tempe Retail Center For Sale

      Retail opportunity at a busy Tempe intersection near major freeways.
      Sec Mcclintock Dr & Guadalupe Rd, Tempe, AZ 85283
      View Details
    • $1,800,000
      5,024 SF

      Tempe Medical/Legal Investment Opportunity

      NNN investment opportunity near the 101 Freeway in Tempe.
      2163 E Baseline Rd, Tempe, AZ 85283
      View Details

    Similar Nearby for Lease

    • $1.27 SF/Yr

      Tempe Office and Flex Space

      Office and flex space available for lease in Tempe.
      148 W Orion St, Tempe, AZ 85283
      View Details
    • $1.17 SF/Yr

      Tempe Office and Flex Space

      Office and flex space available for lease in Tempe.
      6100 S Maple Ave, Tempe, AZ 85283
      View Details
    • Contact for pricing

      Tempe Industrial, Flex, Office Space

      202,941 SF industrial, flex, and office space for lease.
      1805 SOUTH Harl Ave, Tempe, AZ 85283
      View Details
    • Contact for pricing
      2,314 SF

      Tempe Flex Space Available

      Flex space with heavy office buildout and fenced yard.
      206 W Julie Dr, Tempe, AZ 85283
      View Details
    • $1.25 SF/Yr
      16,200 SF

      Tempe Industrial Space For Lease

      Versatile Tempe office/flex space available.
      2105-2231 48Th St, Tempe, AZ 85283
      View Details
    • Contact for pricing

      Tempe Office Spaces Available

      Multiple office spaces available for rent in Tempe, Arizona.
      110 S Ash Ave, Tempe, AZ 85283
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1819 W Drake Dr
    Tempe, AZ 85283
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1819 W Drake Dr, Tempe, AZ, 85283
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!