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1914 3rd St Tempe, AZ 85281-2489

OFF-MARKET Warehouses Google Maps
9,424 SF 0.83 ac lot Built 1985
Entity Owned 9-yr Hold Free & Clear
Estimated value (blended)
$1.71M
Range $1.54M – $1.88M (±10%)
Property ID US07-1049578

Property summary

AI-generated overview

This exceptional 10,107-square-foot freestanding industrial building in Tempe, Arizona, presents a unique opportunity for a single tenant. Located at 1914 W 3rd St, in the Tempe Northwest Industrial submarket of Maricopa County, this property offers a versatile space suitable for executive office, manufacturing, or warehouse operations. Built in 1981, the building boasts a substantial 16-foot ceiling height, providing ample vertical space for various uses. The property includes one loading dock and one dock-high door, facilitating efficient loading and unloading. Power is robust, featuring 400 Amps, 277/480 V, 3 Ph and 600 Amps, 120/208 V, 3 Ph service. The entire building is currently vacant, offering immediate occupancy. The property is zoned GID by the City of Tempe, ensuring compliance with various business operations. This single-tenant building provides privacy and control, ideal for businesses seeking a dedicated space. Interested parties should schedule a viewing after 3:00 PM. The property's location in the thriving Tempe Northwest Industrial submarket offers excellent access to major transportation routes and a skilled workforce. This is a rare opportunity to secure a substantial, well-equipped industrial space in a prime Tempe location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1985
Construction CONCRETE
Total area 9,424 SF
Lot 0.83 ac (36,000 SF)
Zoning code GID
APN 124-38-235
UPID US07-1049578

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
  • Production Facility
  • Electronics & Wireless Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.71M
Blend (final) Blend
$1.71M

Owner & transaction history

since 2017
3 recorded transactions
2017
Price N/A
2004
Price N/A
1997
$4.6M

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 $2.5M +40.2%

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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