Property profile

1861 3rd St Tempe, AZ 85288

OFF-MARKET
Industrial properties
Property ID
US07-0929511
6,868 SF 0.63 ac lot Built 2010
Entity Owned 24-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL LOFT BUILDING
Year built 2010
Construction CONCRETE
Total area 6,868 SF
Lot 0.63 ac (27,362 SF)
Zoning code GID
APN 132-41-025
UPID US07-0929511

Cap rate & NOI

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

Location

1861 3rd St Tempe, AZ 85288-2941
Tempe metro Census 318400 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
$1.40M
Blend (final) Blend
$605k

Owner & transaction history

since 2002
1 recorded transaction
2002
$515,000

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
Office building $1.9M +76.3%
Medical building $1.4M +29.4%

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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