Property profile

215 Ldg Dr Tempe, AZ 85283

OFF-MARKET
Office buildings
Property ID
US07-0823120
25,904 SF 6.53 ac lot Built 1993
Individually Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1993
Construction CONCRETE
Total area 25,904 SF
Lot 6.53 ac (284,490 SF)
Zoning code GID
APN 301-47-737C
UPID US07-0823120

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
  • Charitable Organization Social Service Agency

Location

215 Ldg Dr Tempe, AZ 85283-3652
Tempe metro Census 319908 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
$9.12M
Blend (final) Blend
$9.13M

Owner & transaction history

since 2015
5 recorded transactions
2018
Price N/A
2015
Price N/A
1991
$280,000
1969
Price N/A
1969
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
Industrial (general) $13.7M +111.8%
Retail stores $13.6M +111.0%
Neighborhood: shopping center $13.0M +101.2%

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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