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    Property profile & analytics
    OFF-MARKET Estimated value $3,750,000
    Warehouses

    2640 Medtronic Way, Tempe, AZ 85281-5136

    20,934 SF 1.36 ac lot Built 1980
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US07-0395505
    Property summary
    AI-generated overview

    This exceptional 21,000+ square foot industrial flex space in Tempe, Arizona, presents a compelling investment opportunity. Situated on a 1.36-acre lot, the property boasts a prime location less than one mile from the I-10 and 143 freeways, two miles from the 202 freeway and Sky Harbor Airport, and just three miles from Arizona State University. Its convenient access to major transportation arteries ensures seamless logistics and distribution. The building features two 12-foot overhead doors, two 400-amp electrical panels, and a clean room, catering to diverse operational needs. With 53 parking spaces, including nine covered spaces, ample parking is readily available. The current layout is adaptable for single-owner occupancy or multi-tenant use, offering flexibility for various business models. The property benefits from excellent highway visibility and includes an existing monument sign. The building is fully air-conditioned, providing a comfortable and efficient work environment. Potential uses include production, distribution, manufacturing, laboratory, and office space. This property represents a rare opportunity to acquire a well-located, versatile industrial asset in a thriving market.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1980
    Construction CONCRETE
    Total area 20,934 SF
    Lot 1.36 ac (59,390 SF)
    Zoning code GID
    APN 124-56-039A
    UPID US07-0395505
    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
    • Engineering Arts Engineer
    • Tjm Electronic Associates Factory Production Facility
    • DarkPulse Inc Factory Production Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.40M
    Blend (final) Blend
    $3.75M
    Owner & transaction history
    Wulff Properties 2 Lc LLC · 1 yrs held
    Wulff Properties 2 Lc LLC
    since 2025
    Last sale
    $4.1M
    7 recorded transactions
    2025
    2025
    $4.1M
    2001
    $10
    2000
    $1.3M
    1993
    $650,000
    1988
    1969
    Zoning & alternative use
    GID · Tempe, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $5.6M +40.2%
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