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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Office buildings
424 Southern Ave, Tempe, AZ 85282-5206
Entity Owned
~
Est. High Equity
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Helene M. Rollins, MSW Foster Care Service Social Service Agency
-
Marjorie A. Sergeant, LPC Counselor Family Counselor
-
New Solutions Counseling Services Counselor Family Counselor
-
Messer Janet PhD Physician Medical Clinic
-
Sanja Sobo 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
B5 Investment Holdings LLC
B5 Investment Holdings LLC
since 2026
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
RO · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$900,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
$1,230,000
6.5%
$1,135,000
7%
$1,055,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,175,000
Current use
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $900k (Sep 30 2024)
Last sale anchor
$900k
Sep 30 2024
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
$232 / 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
$8,653
Tax year 2023
Assessed value
$103,092
Assessed 2024
Previous assessed
$103,092
+0.0% YoY
Effective rate
8.39%
On assessed value
Land market value
$245,400
Improvement market value
$379,400
Total market value
$624,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
3,872 SF
Lot
0.37 ac (16,015 SF)
Zoning code
RO
APN
133-28-463
UPID
US07-2902063
Jurisdiction
MARICOPA
Zoning & alternative use
RO · Tempe, AZ
Zoning RO · permitted uses
RO · 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
OFFICE BUILDING Current
Est. value
$1.2M
OFFICE BUILDING Current
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
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
B5 Investment Holdings LLC
Entity
Mailing address
424 E SOUTHERN AVE, TEMPE, AZ 85282-5206
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2026
$1,100,000
B5 Investment Holdings LLC
Net Orbit INC
Special Warranty Deed
$880,000 · Bell Bank
Sep 30, 2024
$900,000
Net Orbit INC
Smallwood Curtis LLC
Special Warranty Deed
$653,800 · Bnc National Bank
Nov 12, 2020
—
Smallwood Curtis LLC
—
Deed
related
$235,000 · Zb NA
Mar 13, 2014
$375,250
Smallwood-curtis LLC
Ds Rental Properties LLC
Grant Deed
—
Aug 30, 2004
—
Ds Rental Properties LLC
—
Trustees Deed
related
$350,000 · Wells Fargo Bank
Aug 19, 1997
$435,000
S Rental Properties L L C D
Plaza 400 Enterprise INC
Grant Deed
$195,000 · Seller
Jan 21, 1988
$586,000
400 Enterp Plaza
—
Deed Of Trust
related
—
—
—
Ds Rental Properties LLC
—
Deed Of Trust
related
$170,000 · Wells Fargo Bank Arizona
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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