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    Property profile & analytics

    425 Gemini Dr Tempe, AZ 85283-1709

    • Industrial properties
    • 8,239 SF
    • 0.72 lot acres
    OFF-MARKET
    Value Estimations
    $5,565,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1363899
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Delta Diversified Enterprises Inc / General Contractor

    Property Details for 425 Gemini Dr

    Year built
    1979
    Construction
    CONCRETE
    Lot size
    0.72 lot acres
    Property size
    8,239 SF
    Zone code
    GID
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    301-82-015
    APU
    30182015

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,565,000
      Market price range: $1.15M - $8.72M
      AI Estimate
      $5,565,000
      Market price range: $1.15M - $8.72M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $4,355,000
      Current use
      RESTAURANT
      $5,745,000
      Change: +32% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $5,665,000
      Change: +30% Conversion: Easy
      RETAIL STORES
      $4,340,000
      Change: -0% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $4,135,000
      Change: -5% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.945
    Latitude
    33.3664
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $12,128
    $0.00
    $0.00
    $210,227
    -
    $415,300
    $858,800
    $1,274,100

    Comparable in this City

    • Value Estimation
      $6,605,000
      10,560 SF

      124 Julie Dr

      INDUSTRIAL LOFT BUILDING • 10,560 SF
      124 Julie Dr, Tempe, AZ 85283-2876
      View Details
    • Value Estimation
      $10,915,000
      13,840 SF

      426 Gemini Dr

      INDUSTRIAL LOFT BUILDING • 13,840 SF
      426 Gemini Dr, Tempe, AZ 85283-1709
      View Details
    • Value Estimation
      $6,260,000
      8,615 SF

      6504 Ash Ave

      INDUSTRIAL LOFT BUILDING • 8,615 SF
      6504 Ash Ave, Tempe, AZ 85283-3654
      View Details
    • Value Estimation
      $25,430,000
      24,038 SF

      1805 Drake Dr

      INDUSTRIAL LOFT BUILDING • 24,038 SF
      1805 Drake Dr, Tempe, AZ 85283-4340
      View Details
    • Value Estimation
      $915,000
      6,588 SF

      6534 Maple Ave

      INDUSTRIAL LOFT BUILDING • 6,588 SF
      6534 Maple Ave, Tempe, AZ 85283-3689
      View Details
    • Value Estimation by Request
      13,232 SF

      236 Ldg Dr

      INDUSTRIAL LOFT BUILDING • 13,232 SF
      236 Ldg Dr, Tempe, AZ 85283-3652
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      202,941 SF

      Tempe Industrial Park with Visibility

      202,941 SF industrial space with I-10 visibility.
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    • Contact for pricing
      9,558 SF

      Tempe Freestanding Industrial Building

      9,558 SF industrial building in a dynamic Tempe location.
      413 W Gemini Dr, Tempe, AZ 85283
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    • $1,015,000
      2,971 SF

      Tempe Office Condo Investment

      Tempe office condo for sale with easy highway access.
      5801 S Mcclintock Dr, Tempe, AZ 85283
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    • Contact for pricing
      33,400 SF

      Retail Space at Fiesta Plaza

      Retail space available in South Tempe with high traffic volume.
      7420 South Rural Rd, Tempe, AZ 85283
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    • $125,000
      0.11 Acres

      Vacant Lot in Guadalupe, AZ

      Vacant lot with utilities ready for builders, no HOA.
      8610 S Calle Maravilla --, Guadalupe, AZ 85283
      View Details
    • Contact for pricing

      Tempe Land Parcel For Sale

      0.55 acre land parcel with GID zoning in Tempe.
      6422 S Maple Ave, Tempe, AZ 85283
      View Details

    Similar Nearby for Lease

    • $1.32 SF/Yr
      22,277 SF

      Industrial Space For Lease

      Industrial space in Tempe, dock high loading, near I-10.
      6900 S Priest Dr, Tempe, AZ 85283
      View Details
    • $1.30 SF/Yr

      Industrial Space in Tempe

      Industrial property available for rent in Tempe, Arizona.
      7425 S Harl Ave, Tempe, AZ 85283
      View Details
    • $1.30 SF/Yr

      Industrial Space in I-10 Park

      Industrial space available for lease in I-10/Elliot Industrial Park.
      7425 S Harl Ave, Tempe, AZ 85283
      View Details
    • $1.28 SF/Yr
      2,190 SF

      Industrial Space Available For Rent

      Industrial space featuring warehouse and office components, available 11/1/25.
      6900 S Priest Dr, Tempe, AZ 85283
      View Details
    • $0.96 SF/Yr
      4,771 SF

      Tempe Flex Space Available

      Flex space featuring a showroom, offices, and frontage.
      5869 S Kyrene Rd, Tempe, AZ 85283
      View Details
    • $1.25 SF/Yr
      16,200 SF

      Tempe Industrial Space For Lease

      Versatile Tempe office/flex space available.
      2105-2231 48Th St, Tempe, AZ 85283
      View Details
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    425 Gemini Dr
    Tempe, AZ 85283-1709
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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