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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Flex space
1820 3rd St, Tempe, AZ 85288-2902
Entity Owned
1-yr Hold
Free & Clear
Property ID
US07-1282733
Property summary
AI-generated overview
This exceptional Tempe industrial property, located at 1820 E 3rd St, offers a rare combination of building and yard space. The 4,909 square foot warehouse boasts two dock-high roll-up doors for convenient access, 800 AMP, 3-phase power, and air conditioning, creating a comfortable and efficient workspace. The building is situated on a substantial 32,286 square foot lot, providing ample outdoor space for equipment storage, material staging, or potential future development. This expansive yard is a unique feature in this area. The property is zoned GID, allowing for a wide variety of industrial uses. The building also includes a canopy for sheltered storage. Its convenient location in Tempe, Arizona (zip code 85281), offers easy access to major freeways. Priced at $2,250,000, this NNN-leased, vacant property presents a significant opportunity for businesses seeking a versatile and spacious industrial facility. The property's features make it ideal for a variety of industrial operations. This is a truly unique opportunity to acquire a well-equipped industrial building with significant yard space in a prime Tempe location.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1971
Construction
CONCRETE
Total area
4,096 SF
Lot
0.74 ac (32,286 SF)
Zoning code
GID
APN
132-41-041
UPID
US07-1282733
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
-
Auto dealership in Tempe Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$838k
Blend (final)
Blend
$1.17M
Owner & transaction history
Masyno Tempe LLC · 1 yrs held
Masyno Tempe LLC
since 2025
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+76.3%
Medical building
$840,000
+29.4%
Warehouse, storage
$790,000
+22.2%
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
OFFICE BUILDING
$1,140,000
Change: +76% · Conversion: Difficult
MEDICAL BUILDING
$840,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$790,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±10% · vs last sale $1.50M (Feb 8 2025)
Last sale anchor
$1.50M
Feb 8 2025
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
$286 / 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
$7,826
Tax year 2023
Assessed value
$218,989
Assessed 2024
Previous assessed
$202,555
+8.1% YoY
Effective rate
3.57%
On assessed value
Land market value
$1,065,400
Improvement market value
$261,806
Total market value
$1,327,206
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
1971
Construction
CONCRETE
Heating
NONE
Cooling
EVAPORATIVE
Stories
1
Total area
4,096 SF
Lot
0.74 ac (32,286 SF)
Zoning code
GID
APN
132-41-041
UPID
US07-1282733
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
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$840,000
WAREHOUSE, STORAGE
Est. value
$790,000
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1971
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Masyno Tempe LLC
Entity
Free & Clear · 1 yrs held
Mailing address
44622 N SONORAN ARROYO LN, NEW RIVER, AZ 85087-5821
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
May 8, 2025
$1,500,000
Masyno Tempe LLC
J24 15 LLC
Special Warranty Deed
—
Jan 10, 2020
—
J2415 LLC
Platinum Landscapres LLC
Warranty Deed
—
Nov 5, 2019
$750,000
Platinum Landscapes LLC
1820 E 3rd St Mai LLC
Special Warranty Deed
$311,000 · Cdc Small Business Finance Corp
Mar 19, 2013
—
Michael Dambrosi
Dambrosi,gloria J
Quit Claim Deed
—
Mar 19, 2013
$323,000
1820 E 3rd St Mai LLC
Bronze Investments
Warranty Deed
—
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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