Technical
Financial
Distress signals
Property profile

1840 Broadway Rd Tempe, AZ 85282

OFF-MARKET
Medical Office Space
Property ID
US07-1402563
30,950 SF 4.46 ac lot Built 1970
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1970
Construction CONCRETE
Total area 30,950 SF
Lot 4.46 ac (194,452 SF)
Zoning code GID
APN 133-05-002C
UPID US07-1402563

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Counselor Psychologist
  • Physician
  • Medical Clinic
  • Pediatrician Medical Clinic
  • Physician

Location

1840 Broadway Rd Tempe, AZ 85282-1614
Tempe metro Census 319202 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.92M
Blend (final) Blend
$9.92M

Owner & transaction history

since 2016
6 recorded transactions
2016
$3.8M
2015
$3.8M
2009
Price N/A
1999
$2.4M
1998
Price N/A
1993
$1.2M

Zoning & alternative use

GID · Tempe, AZ
Zoning description

General Industrial District is designed to provide, office uses, warehousing, wholesaling, assembling and manufacturing of building materials, machinery and other commodities to provide employment centers and production.

General category INDUSTRIAL
Top alternative use upside
Retail stores $16.3M +157.2%
Neighborhood: shopping center $15.9M +150.2%
Office building $9.4M +47.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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