Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    227 Vaughn St Tempe, AZ 85283-3647

    • Warehouses
    • 8,737 SF
    • 0.58 lot acres
    OFF-MARKET
    Value Estimations
    $1,880,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1163871
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mc Farland Machine & Engineer / Industrial Manufacturer

    Property Details for 227 Vaughn St

    Year built
    1996
    Construction
    CONCRETE
    Lot size
    0.58 lot acres
    Property size
    8,737 SF
    Zone code
    I-1
    Property type
    Warehouses
    APN
    301-47-724A
    APU
    30147724A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,880,000
      Market price range: $1.30M - $2.26M
      AI Estimate
      $1,880,000
      Market price range: $1.30M - $2.26M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,680,000
      Current use
      OFFICE BUILDING
      $2,180,000
      Change: +30% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.941
    Latitude
    33.3608
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,198
    $0.00
    $0.00
    $235,752
    -
    $346,800
    $1,082,000
    $1,428,800

    Comparable in this City

    • Value Estimation by Request
      193,868 SF

      148 Orion St

      Distribution properties • 193,868 SF
      148 Orion St, Tempe, AZ 85283
      View Details
    • Value Estimation by Request
      356,904 SF

      6840-6860 Harl Ave

      Distribution properties • 356,904 SF
      6840-6860 Harl Ave, Tempe, AZ 85283
      View Details
    • Value Estimation by Request

      9018 Avenida Del Yaqui

      STORAGE YARD (JUNK, SALVAGE)
      9018 Avenida Del Yaqui, Guadalupe, AZ 85283-2507
      View Details
    • Value Estimation
      $525,000
      2,023 SF

      9031 Interstate 10

      WAREHOUSE, STORAGE • 2,023 SF
      9031 Interstate 10, Guadalupe, AZ 85283-2539
      View Details
    • Value Estimation
      $1,865,000
      9,811 SF

      132 Julie Dr

      WAREHOUSE, STORAGE • 9,811 SF
      132 Julie Dr, Tempe, AZ 85283-2876
      View Details
    • Value Estimation
      $8,825,000
      53,617 SF

      6505 Kyrene Rd

      MINI-WAREHOUSE, STORAGE • 53,617 SF
      6505 Kyrene Rd, Tempe, AZ 85283-3519
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Tempe Industrial Park with Visibility

      202,941 SF industrial space with I-10 visibility.
      1819 W Drake Dr, Tempe, AZ 85283
      View Details
    • Contact for pricing
      9,558 SF

      Tempe Freestanding Industrial Building

      9,558 SF industrial building in a dynamic Tempe location.
      411 W Gemini Dr, Tempe, AZ 85283
      View Details
    • $5,700,000
      13,813 SF

      Tempe Retail Space For Sale

      13,813 SqFt retail space with 5.53% CAP rate.
      1424 W Baseline Rd, Tempe, AZ 85283
      View Details
    • Contact for pricing

      Retail Space at Guadalupe & McClintock

      Hard corner retail space with excellent visibility in Tempe.
      6350 S Mcclintock Dr, Tempe, AZ 85283
      View Details
    • Contact for pricing

      Tempe Retail Center For Sale

      Retail opportunity at a busy Tempe intersection near major freeways.
      Sec Mcclintock Dr & Guadalupe Rd, Tempe, AZ 85283
      View Details

    Similar Nearby for Lease

    • $1.18 SF/Yr
      19,562 SF

      Tempe Industrial/Office Space For Lease

      Industrial and office spaces available for lease near freeways and airport.
      110 W Orion St, Tempe, AZ 85283
      View Details
    • $0.69 SF/Yr
      2,492 SF

      Tempe Warehouse Space Available

      Warehouse space featuring grade level access and EVAP cooling.
      1820 W Drake Dr, Tempe, AZ 85283
      View Details
    • Contact for pricing
      2,938 SF

      Tempe Industrial Space Available

      Industrial complex with truckwell, dock high, and grade level loading.
      1829 W Drake Dr, Tempe, AZ 85283
      View Details
    • Contact for pricing
      12,000 SF

      Tempe Warehouse with Office Space

      12,000 SF warehouse with 1,415 SF office for rent.
      1840 W Drake Dr, Tempe, AZ 85283
      View Details
    • Contact for pricing
      16,000 SF

      Tempe Industrial Complex Space Available

      Industrial complex with varying bay sizes and freeway proximity.
      1849 W Drake Dr, Tempe, AZ 85283
      View Details
    • Contact for pricing
      19,736 SF

      Tempe Industrial Complex Space Available

      Industrial complex with truckwell, dock high, and grade level loading.
      7160 S Harl Ave, Tempe, AZ 85283
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    227 Vaughn St
    Tempe, AZ 85283-3647
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!