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Financial
Distress signals
Property profile

420 S Smith Rd Tempe, AZ 85288

FOR SALE
Office buildings
Property ID
US07-1083901
17,226 SF 1.13 ac lot Built 1999
Last sale Aug 2026 · $4,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This freestanding office/flex property combines office space with warehouse space and includes a roll-up garage door providing access to the warehouse component. The building is supported by an outdoor patio/seating area and sits on a secured 1.13-acre lot with covered parking. The site is located in a Tempe area with convenient access to Arizona State University, Downtown Tempe, Phoenix Sky Harbor, Loop 101, Loop 202, SR-143, US-60, and I-10. The property is configured for mixed office and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$28k
Tax billed · 2023
Assessed value · 2024$362k
Effective rate7.81%

Value estimate

· Oct 2026
$2.49M
$2.24M – $2.73M
Submarket $/SF estimate$3.88M
NOI build-up
Gross scheduled income$511k
Vacancy & credit loss−$110k
Operating expenses−$100k
NOI · 6.73% cap applied$301k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$279/SF
Submarket average, outlier-cleaned · 199 recorded sales of this use type
Observed band · Q1–Q3$128 – $580
Qualifying comparables9

Cap rate analysis

How does the asset earn?
6.73%
$301k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GID
General Industrial District is designed to provide, office uses, warehousing, wholesaling, assembling and manufacturing of building mater...
General categoryINDUSTRIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office25.2
Law Firm23.2
Accounting Firm12.8

Location

420 S Smith Rd Tempe, AZ 85288
County assessor Recorded deeds · 6 transfers 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1805 Scottsdale, Tempe, AZ 85288-1556 $2,750,000 Jun 2025 9,923 SF
2130 University, Tempe, AZ 85288-4607 $3,200,000 Dec 2023 6,820 SF
125 Rockford, Tempe, AZ 85288-3013 $1,400,000 Sep 2022 5,840 SF
1666 Mcclintock, Tempe, AZ 85288-1600 $27,028,620 Apr 2021 5,874 SF
304 Rockford, Tempe, AZ 85288-3052 $1,134,954 Dec 2019 5,310 SF
2055 5th, Tempe, AZ 85288-3755 $2,150,000 Mar 2019 7,139 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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