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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Industrial properties
318 Riv Dr Tempe, AZ 85288-3086
Trust Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-0974154
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1997
Construction
CONCRETE
Total area
7,840 SF
Lot
0.55 ac (24,024 SF)
Zoning code
GID
APN
132-37-083
UPID
US07-0974154
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
-
QuickStart Interlock Building Supply General Contractor
-
Capitol Wealth Dynamics Group Financial Advisor
-
QuickStart Ignition Interlock AZ Auto Parts Store
-
On the Rock Builders Inc Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.38M
Owner & transaction history
White,william T III Trust · 5 yrs held
White,william T III Trust
since 2020
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.2M
+76.3%
Medical building
$1.6M
+29.4%
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
$1,600,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,190,000
6.5%
$1,100,000
7%
$1,020,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,240,000
Current use
OFFICE BUILDING
$2,185,000
Change: +76% · Conversion: Difficult
MEDICAL BUILDING
$1,605,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±10% · vs last sale $1.19M (Aug 17 2020)
Last sale anchor
$1.19M
Aug 17 2020
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
$176 / 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
$13,082
Tax year 2023
Assessed value
$218,031
Assessed 2024
Previous assessed
$169,405
+28.7% YoY
Effective rate
6.00%
On assessed value
Land market value
$792,700
Improvement market value
$528,700
Total market value
$1,321,400
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
7,840 SF
Lot
0.55 ac (24,024 SF)
Zoning code
GID
APN
132-37-083
UPID
US07-0974154
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
$1.2M
OFFICE BUILDING
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
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
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
White,william T III Trust
Trust
Mailing address
3197 AIRPORT LOOP DR STE A, COSTA MESA, CA 92626-3424
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2020
$1,185,000
White,william T III Trust
C & C Property Investors LLC
Grant Deed
—
Dec 30, 2015
$784,000
C & C Property Invtrs LLC
Mt Securities LLC
Warranty Deed
$392,000 · Bank Of America
Apr 5, 2013
$615,000
Mt Securities LLC
Slechta Family LP
Warranty Deed
$515,000 · Slechta Family LP
Mar 23, 2001
—
Slechta Family LP
Slechta,lon & Jody A
Quit Claim Deed
related
$550,000 · Bank One NA
Sep 18, 1997
—
Lon Slechta
Lon Slechta
Quit Claim Deed
related
$580,000 · Money Store California
Oct 31, 1996
$84,084
Lon Slechta
Kurt H & Josefa Schuelke
Grant Deed
—
—
—
Mt Securities LLC
—
Deed Of Trust
related
$334,623 · Cdc Small Busn Fin
—
—
Mt Securities LLC
—
Deed Of Trust
related
$334,623 · Bank Of The West
—
—
Mt Securities LLC
—
Deed Of Trust
related
$224,300 · Bank Of The West
—
—
C & C Property Investors LLC
—
Deed Of Trust
related
$392,000 · Bank Of America
—
—
Slechta Family
—
Deed Of Trust
related
$595,000 · Bank One NA
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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