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Property profile & analytics
OFF-MARKET
Estimated value
$2,220,000
Flex space
3121 Park Dr Tempe, AZ 85282-3126
Entity Owned
Free & Clear
Property ID
US07-1135647
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1985
Construction
CONCRETE
Total area
5,608 SF
Lot
0.35 ac (15,348 SF)
Zoning code
GID
APN
123-28-137
UPID
US07-1135647
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
-
xtra laboratories Gym & Fitness Center Alternative Medicine Practice
-
Fuego CBD Gym & Fitness Center Alternative Medicine Practice
-
GSL Electric Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.94M
Blend (final)
Blend
$2.22M
Owner & transaction history
Tempe 3015 Properties Bk7 LLC
Tempe 3015 Properties Bk7 LLC
since 2025
Last sale
$15,650
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,325,000
Current use
RETAIL STORES
$2,955,000
Change: -11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,870,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.22M
Range $2.00M – $2.44M · ±10% · vs last sale $16k (Jun 12 2025)
Last sale anchor
$16k
Jun 12 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$396 / SF
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
$5,476
Tax year 2023
Assessed value
$111,870
Assessed 2024
Previous assessed
$84,762
+32.0% YoY
Effective rate
4.89%
On assessed value
Land market value
$95,300
Improvement market value
$582,700
Total market value
$678,000
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
1985
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
5,608 SF
Lot
0.35 ac (15,348 SF)
Zoning code
GID
APN
123-28-137
UPID
US07-1135647
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.3M
RETAIL STORES
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Tempe 3015 Properties Bk7 LLC
Entity
Free & Clear · 0 yrs held
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
$15,650
Tempe 3015 Properties Bk7 LLC
Pegasustempe Owner LLC
Special Warranty Deed
—
Oct 15, 2021
$11,306,000
Pegasus Tempe Owner LLC
Presson Pv 46 LLC
Special Warranty Deed
—
Nov 16, 2020
—
Presson Pv 46 LLC
—
Deed
related
$4,000,000 · National Bk/az
Jun 18, 2018
$4,000,000
Presson Pv 46 LLC
Lawrence Semiconductor Invs In
Grant Deed
—
Oct 30, 2001
$6,050,000
Lawrence Semiconductor Inv INC
Bedford Property Investor INC
Grant Deed
$4,537,500 · Comerica Bank California
Nov 24, 1998
$4,570,000
Bedford Property Investors
Fidelity Mutual Life Ins
Grant Deed
—
—
—
Lawrence Semiconductor Invs In
—
Deed Of Trust
related
$2,200,000 · Alliance Bank Of Arizona
—
—
Arizona Industrial Hardware
—
Deed Of Trust
related
$400,500
—
—
Presson Pv 46 LLC
—
Deed Of Trust
related
$4,000,000 · National Bk/az
—
—
Fred M Gagel
—
Deed Of Trust
related
$400,500
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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