Property profile

1847 Southern Ave Tempe, AZ 85282

OFF-MARKET
Medical Office Space
Property ID
US07-0347881
6,624 SF 0.66 ac lot Built 1982
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1982
Construction STEEL FRAME
Total area 6,624 SF
Lot 0.66 ac (28,967 SF)
Zoning code RO
APN 133-36-003T
UPID US07-0347881

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
  • Medical Clinic Pediatrician
  • Medical Clinic
  • Physician
  • Weight Loss Service
  • Physician

Location

1847 Southern Ave Tempe, AZ 85282-5881
Tempe metro Census 319402 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.93M
Blend (final) Blend
$750k

Owner & transaction history

since 2023
5 recorded transactions
2023
Price N/A
2017
$725,000
2016
Price N/A
1999
$680,000
1969
Price N/A

Zoning & alternative use

RO · Tempe, AZ
Zoning description

The R/O district allows professional and administrative services, live work, and limited retail uses on small parcels located between higher intensity commercial and multi use zones and residential zones.

General category COMMERCIAL
Top alternative use upside
Office building $2.0M +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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