Technical
Financial
Distress signals
Property profile

405 Clark Dr Tempe, AZ 85288

OFF-MARKET
Warehouses
Property ID
US07-0411381
4,955 SF 0.55 ac lot Built 2002
Entity Owned 9-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2002
Construction CONCRETE
Total area 4,955 SF
Lot 0.55 ac (23,793 SF)
Zoning code GID
APN 132-37-042
UPID US07-0411381

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office
  • Hardware & Home Improvement Interior Design
  • Hardware & Home Improvement Interior Design

Location

405 Clark Dr Tempe, AZ 85288-3077
Tempe metro Census 318400 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.46M
Blend (final) Blend
$1.37M

Owner & transaction history

since 2016
5 recorded transactions
2016
Price N/A
2015
$1.3M
2015
Price N/A
1999
$300,000
1997
$237,930

Zoning & alternative use

GID · Tempe, AZ
Zoning description

General Industrial District is designed to provide, office uses, warehousing, wholesaling, assembling and manufacturing of building materials, machinery and other commodities to provide employment centers and production.

General category INDUSTRIAL
Top alternative use upside
Office building $1.4M +44.3%
Medical building $1.0M +5.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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