You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.

424 Southern Ave Tempe, AZ 85282-5206

OFF-MARKET Office buildings Google Maps
3,872 SF 0.37 ac lot Built 1982
Entity Owned ~ Est. High Equity
Estimated value (blended)
$900k
Range $810k – $990k (±10%)
Property ID US07-2902063

Property summary

AI-generated overview

This Tempe, Arizona office building presents a compelling owner-user investment opportunity. The 3,950 square foot freestanding building, constructed in 1982 and zoned RO, is ideally situated on Southern Avenue, offering excellent visibility and convenient access to major freeways (US-60, I-10, and Loop 101). The property boasts recent upgrades, including modern solar panels for energy efficiency and a newly resurfaced roof, ensuring long-term sustainability. Its prime location provides proximity to numerous business and retail amenities. This Class B building offers a solid structure and a strategic investment opportunity for an owner-occupier seeking in-place rental income (Suite 102). The property's location between Rural Road and Mill Avenue in Tempe, Arizona, 85282, ensures high visibility and easy access to a thriving commercial area. This is a rare chance to acquire a well-maintained, energy-efficient office building in a highly desirable location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1982
Construction CONCRETE
Total area 3,872 SF
Lot 0.37 ac (16,015 SF)
Zoning code RO
APN 133-28-463
UPID US07-2902063

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
  • Foster Care Service Social Service Agency
  • Counselor Family Counselor
  • Counselor Family Counselor
  • Physician Medical Clinic
  • Counselor Practitioner Service Location

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$900k
CAP Approach CAP
$1.14M
Comparable Approach Comparable
$1.13M
Blend (final) Blend
$900k

Owner & transaction history

since 2026
Last sale
$900,000
7 recorded transactions
2026
$1.1M
2024
$900,000
2020
Price N/A
2014
$375,250
2004
Price N/A
1997
$435,000
1988
$586,000

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 424 Southern Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message