Technical
Financial
Distress signals
Property profile

408 Southern Ave Tempe, AZ 85282

OFF-MARKET
Office buildings
Property ID
US07-2873293
1,546 SF 0.19 ac lot Built 1982
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1982
Construction CONCRETE
Total area 1,546 SF
Lot 0.19 ac (8,407 SF)
Zoning code RO
APN 133-28-468
UPID US07-2873293

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
  • Dental Office
  • Dental Office
  • Dental Office
  • Association Or Organization
  • Dental Office

Location

408 Southern Ave Tempe, AZ 85282-5200
Tempe metro Census 319600 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2020
Last sale
$250,000
7 recorded transactions
2022
Price N/A
2020
$250,000
2009
$235,000
2007
Price N/A
2006
$278,280
2000
Price N/A
1996
$120,000

Zoning & alternative use

RO · Tempe, AZ
Zoning description

The R/O district allows professional and administrative services, live work, and limited retail uses on small parcels located between higher intensity commercial and multi use zones and residential zones.

General category COMMERCIAL

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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