Property profile

1964 University Dr Tempe, AZ 85288

OFF-MARKET
Warehouses
Property ID
US07-3228136
7,800 SF 3.14 ac lot Built 1977
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1977
Construction CONCRETE
Total area 7,800 SF
Lot 3.14 ac (136,885 SF)
Zoning code GID
APN 132-39-009B
UPID US07-3228136

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
  • Storage Facility

Location

1964 University Dr Tempe, AZ 85288-4603
Tempe metro Census 318400 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history

since 2023
Last sale
$20.3M
7 recorded transactions
2023
Price N/A
2023
$20.3M
2022
Price N/A
2019
$4.5M
2017
Price N/A
2017
$4.5M
2017
Price N/A

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

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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