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2051 Cedar St Tempe, AZ 85281-7405

OFF-MARKET Warehouses Google Maps
15,336 SF 0.88 ac lot Built 1987
Entity Owned 8-yr Hold ~ Est. High Equity
Estimated value (blended)
$890k
Range $801k – $979k (±10%)
Property ID US07-0164204

Property summary

AI-generated overview

This 15,265 square foot Class B industrial property, situated on 0.88 acres in Maricopa County, offers multiple tenancy options. Built in 1984, the building currently has 980 square feet of vacant space, with two available units ranging from 700 to 980 square feet. The property features convenient access to major transportation arteries, including the Loop 101, Loop 202, and US-60 freeways, ensuring efficient logistics. Building amenities include a 10x10 grade-level door for easy loading and unloading, air conditioning in the office space, and evaporative cooling in the warehouse area. Each suite also includes a restroom. The property's versatile design caters to a variety of manufacturing, flex, and warehouse operations. This is an excellent opportunity for businesses seeking a well-located and functional industrial space in a thriving area. The property's multi-tenant configuration provides flexibility for businesses of varying sizes. The combination of convenient location, functional features, and available space makes this property an attractive investment.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1987
Construction CONCRETE
Total area 15,336 SF
Lot 0.88 ac (38,133 SF)
Zoning code GID
APN 133-01-439
UPID US07-0164204

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
  • Recording Studio
  • (Bike/Boat/Book/etc) Store Printing Service
  • Building Supply General Contractor
  • Recording Studio
  • Car Dealership

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.58M
Blend (final) Blend
$890k

Owner & transaction history

since 2017
7 recorded transactions
2017
$915,000
2017
Price N/A
2010
$600,000
2010
$499,974
2007
$1.3M
2004
$800,000
2004
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
Top alternative use upside
Office building $4.1M +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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