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Property profile & analytics
OFF-MARKET
Warehouses
1846 3rd St Tempe, AZ 85288-2990
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-1188701
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Construction
CONCRETE
Total area
7,096 SF
Lot
0.13 ac (5,624 SF)
Zoning code
GID
APN
132-41-049
UPID
US07-1188701
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
-
Desert Vehicle conversions LLC Auto Repair Shop
-
SPN Performance Auto Repair Shop
-
AJ's Auto Works Inc./SXS Extreme Rehab/GAK Trailer repair Auto Repair Shop
-
We Don't Lift Racing Auto Parts Store
-
KP Automotive LLC Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pelican Tempe Holdings LLC · 3 yrs held
Pelican Tempe Holdings LLC
since 2023
Last sale
$450,000
7 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,729
Tax year 2023
Assessed value
$43,032
Assessed 2024
Previous assessed
$36,822
+16.9% YoY
Effective rate
6.34%
On assessed value
Land market value
$52,100
Improvement market value
$208,700
Total market value
$260,800
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
1987
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
7,096 SF
Lot
0.13 ac (5,624 SF)
Zoning code
GID
APN
132-41-049
UPID
US07-1188701
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.
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Pelican Tempe Holdings LLC
Entity
Mailing address
1846 E 3RD ST, TEMPE, AZ 85288-2990
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2023
$450,000
Pelican Tempe Holdings LLC
Ajs Auto Body LLC
Special Warranty Deed
$382,500 · Harvest Small Business Finance LLC
Jul 25, 2003
—
Ajs Auto Body LLC
Tankersley,scott B
Grant Deed
$289,000 · Sonoma National Bank
Feb 13, 2003
—
Scott B Tankeasley
Tanks Auto Body INC
Quit Claim Deed
related
—
Oct 15, 2002
—
Scott B Tankersley
Tankersley,gary R
Quit Claim Deed
related
—
Apr 5, 1993
$185,000
Tank's Auto Body INC
Dcsj LP
Grant Deed
$185,000 · Seller Carry Back
Dec 11, 1987
—
Dana Kar Ermisch
—
Deed Of Trust
related
—
—
—
Joseph Ascolese
—
Deed Of Trust
related
$222,657 · Seller
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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