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Property profile & analytics
FOR LEASE
Flex space
2211 W 1St St Tempe, AZ 85281
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-2835145
For Lease
1 / 12
Contact for pricing
2211 W 1St St, Tempe, AZ 85281
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Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1988
Construction
CONCRETE
Total area
8,580 SF
Lot
2.88 ac (125,419 SF)
Zoning code
GID
APN
124-39-098E
UPID
US07-2835145
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
-
Commercial Vending Corp Big Box & Wholesale Store
-
Premier Products Inc Building Supply Hardware & Home Improvement
-
BIO-CHEM EXTERMINATING Garden Center
-
Phoenix Valley Restoration LLC. General Contractor
-
Gridiron Studios Industrial Manufacturer Production Facility
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
First St Owner LLC · 1 yrs held
First St Owner LLC
since 2024
Last sale
$6.8M
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
$45,785
Tax year 2023
Assessed value
$802,808
Assessed 2024
Previous assessed
$630,020
+27.4% YoY
Effective rate
5.70%
On assessed value
Land market value
$586,200
Improvement market value
$4,279,300
Total market value
$4,865,500
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
For Lease
Year built
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
8,580 SF
Lot
2.88 ac (125,419 SF)
Zoning code
GID
APN
124-39-098E
UPID
US07-2835145
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
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
2.88 ac
Current owner
From public records · entity-resolved
First St Owner LLC
Entity
Mailing address
2323 W UNIVERSITY DR, TEMPE, AZ 85281-7223
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
$6,750,000
First St Owner LLC
1st Avenue Investments LLC
Warranty Deed
$5,600,000 · Archway Real Estate Income Fund I R
Aug 26, 2020
$3,250,000
1st Avenue Investments LLC
Harbor View Business Park LLC
Special Warranty Deed
$2,300,000 · First Fidelity Bank
Dec 12, 2007
$2,700,000
Harbor View Business Park LLC
Jeter Marjorie J Fam Trust
Grant Deed
$1,900,000 · Union Bank Of California
Feb 26, 2002
—
Jeter Trust
Jeter,marjorie J
Quit Claim Deed
related
—
May 27, 1999
—
Jeter Trust
Jeter,russell D & Marjorie J
Quit Claim Deed
related
—
Jun 27, 1994
$400,000
Russell D Jeter
Burrell
Grant Deed
—
Feb 18, 1994
$310,000
Burrell,roy B & Cindy
Agrawal
Trustees Deed
$160,000 · Seller Carry Back
Feb 18, 1994
—
Rajiv Agrawal
Agrawal
Quit Claim Deed
related
—
May 11, 1993
$395,000
Rajiv Agrawal
Gp Financial
Trustees Deed
—
Feb 8, 1991
$357,000
G P Financial
Seaverns
Grant Deed
related
$357,000 · Seller
Dec 21, 1990
$150,000
Haupt Brandi
Citizens Sav Ban
Trustees Deed
—
—
—
Harbor View Business Park LLC
—
Loan Modification
related
$1,200,000 · Bankers Tr
—
—
Jeter Marjorie J Family Trust
—
Deed Of Trust
related
$825,000 · Scott Glenn R Living Tr (tr)
—
—
Harbor View Business Park LLC
—
Deed Of Trust
related
$800,000 · Bankers Tr
—
—
Russell D Jeter
—
Deed Of Trust
related
$850,000
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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