Property profile

2039 Ml Ave Tempe, AZ 85282

OFF-MARKET
Medical Office Space
Property ID
US07-0397960
1,652 SF 0.38 ac lot Built 1960
Entity Owned 7-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1960
Construction CONCRETE
Total area 1,652 SF
Lot 0.38 ac (16,445 SF)
Zoning code CSS
APN 133-23-018C
UPID US07-0397960

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
  • Spa & Massage Center
  • Medical Clinic Skin Care Clinic
  • Drug Testing Service
  • Hair Salon

Location

2039 Ml Ave Tempe, AZ 85282-2137
Tempe metro Census 319600 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
$530k
Blend (final) Blend
$540k

Owner & transaction history

since 2019
5 recorded transactions
2019
Price N/A
2018
Price N/A
2017
$830,000
2015
$600,000
1999
$380,000

Zoning & alternative use

CSS · Tempe, AZ
Zoning description

balconies, pedestrian arcades, covered (non-enclosed) bicycle parking and similar architectural features placed on or in front of the street-facing side of the building are allowed within the setback. d Properties zoned…

General category COMMERCIAL
Top alternative use upside
Retail stores $870,000 +157.2%
Neighborhood: shopping center $845,000 +150.2%
Office building $500,000 +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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