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Property profile & analytics
OFF-MARKET
Flex space
2105 48th St, Tempe, AZ 85282-1019
Entity Owned
~
Est. High Equity
Property ID
US07-0410255
Property summary
AI-generated overview
This exceptional Tempe industrial property, Buttes Business Center I & II, offers a rare opportunity to lease 1,640 square feet of versatile flex/manufacturing space. Located at 2105-2231 S 48th St, Tempe, AZ 85282, this property boasts a total of 16,200 square feet across multiple buildings, providing ample room for expansion. Built in 1966, the buildings feature a desirable 14-foot ceiling height, ideal for various industrial uses. The space is zoned I-1 and situated in the Tempe Southwest Industrial submarket of Maricopa County. The property offers ample parking for employees and clients. Electrical service includes 120V/208A/3-phase power. This multi-tenant property presents a fantastic opportunity for businesses seeking a well-located, functional industrial space in a thriving area. The available space is part of a larger complex, offering potential for growth and collaboration. The property's convenient location in Tempe provides easy access to major transportation routes and a skilled workforce. Don't miss this chance to secure your business's future in this prime industrial location. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1978
Construction
CONCRETE
Total area
13,503 SF
Lot
6.92 ac (301,566 SF)
Zoning code
GID
APN
123-31-001E
UPID
US07-0410255
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Mesa Gold Grillz LLC (Bike/Boat/Book/etc) Store
-
Fastest Labs of Tempe Drug Testing Service
-
Clin Path Diagnostics LLC Medical Clinic
-
Bald Eagle Turbine Logistics Company Moving Company
-
Work Construction Staffing And More LLC Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tempe 2105 Properties Bk7 LLC
Tempe 2105 Properties Bk7 LLC
since 2025
Last sale
$35.0M
7 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tempe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tempe submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$88,038
Tax year 2023
Assessed value
$1,685,624
Assessed 2024
Previous assessed
$1,269,220
+32.8% YoY
Effective rate
5.22%
On assessed value
Land market value
$2,185,500
Improvement market value
$8,030,400
Total market value
$10,215,900
Applied tax rate
31,600.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1978
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
7
Stories
1
Units
7
Total area
13,503 SF
Lot
6.92 ac (301,566 SF)
Zoning code
GID
APN
123-31-001E
UPID
US07-0410255
Jurisdiction
MARICOPA
Zoning & alternative use
GID · Tempe, AZ
Zoning GID · permitted uses
GID · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tempe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
7
Units
7
Lot
6.92 ac
Current owner
From public records · entity-resolved
Tempe 2105 Properties Bk7 LLC
Entity
Mailing address
8888 E RAINTREE DR STE #155, SCOTTSDALE, AZ 85260-3952
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2025
$34,950,000
Tempe 2105 Properties Bk7 LLC
Pegasus Tempe Owner LLC
Special Warranty Deed
—
Oct 15, 2021
$33,600,000
Pegasus Tempe Owner LLC
Presson Bell LLC
Special Warranty Deed
—
Apr 27, 2017
—
Presson Corp
—
Deed
related
$8,075,000 · Miscellaneous Ins Co
Dec 28, 2007
—
Presson Corp
Presson Advisory LLC
Quit Claim Deed
related
—
Oct 30, 2001
—
Maricopa County (az)
Salt River Project Agricultura
Quit Claim Deed
related
—
Aug 29, 2000
$11,000,000
Presson Pv Four LLC
Principal Life Insurance Co
Grant Deed
$8,650,000 · Pfl Life Insurance Co
Dec 23, 1996
$7,950,000
Principal Mutual Life Insurance
Maryland Investment L P
Grant Deed
—
Feb 1, 1995
$4,500,000
Meadows Investment L P Maryland
Koll Business Center
Grant Deed
$3,400,000
—
—
Presson Corp
—
Deed Of Trust
related
$8,075,000 · Miscellaneous Ins Co
—
—
Presson Corp
—
Deed Of Trust
related
$8,075,000 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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