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Property profile & analytics
OFF-MARKET
Estimated value
$12,315,000
Distribution centers
475 Vaughn St, Tempe, AZ 85283-3672
Entity Owned
12-yr Hold
Free & Clear
Property ID
US07-3388749
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1987
Construction
CONCRETE
Total area
65,540 SF
Lot
3.31 ac (144,184 SF)
Zoning code
GID
APN
301-47-742
UPID
US07-3388749
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
-
VWR Scientific Products Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.31M
Blend (final)
Blend
$12.32M
Owner & transaction history
Liberty Property LP · 12 yrs held
Liberty Property LP
since 2013
7 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$16.4M
+29.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,595,000
Current use
OFFICE BUILDING
$16,355,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$12.32M
Range $11.08M – $13.55M · ±10%
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
$188 / 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
$65,731
Tax year 2023
Assessed value
$1,543,658
Assessed 2024
Previous assessed
$1,188,759
+29.9% YoY
Effective rate
4.26%
On assessed value
Land market value
$1,413,700
Improvement market value
$7,941,800
Total market value
$9,355,500
Applied tax rate
281,600.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
65,540 SF
Lot
3.31 ac (144,184 SF)
Zoning code
GID
APN
301-47-742
UPID
US07-3388749
Jurisdiction
MARICOPA
Zoning & alternative use
GID · Tempe, AZ
Zoning GID · permitted uses
GID · 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
WAREHOUSE, STORAGE Current
Est. value
$12.6M
OFFICE BUILDING
Est. value
$16.4M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1987
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
3.31 ac
Current owner
From public records · entity-resolved
Liberty Property LP
Entity
Free & Clear · 12 yrs held
Mailing address
1800 WAZEE ST STE #500, DENVER, CO 80202-2526
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2013
—
Liberty Property LP
Cabot III-az1mo1 LLC
Quit Claim Deed
related
—
Nov 8, 2011
$3,025,000
Cabot III-az1m01 LLC
Alliance Bk
Grant Deed
—
Oct 12, 2010
$2,902,555
Bk Alliance
Td Service Co Of Arizona
Trustees Deed
related
—
Jan 25, 2010
—
Waste Cont
475 Vaughn LLC
Grant Deed
related
—
Jan 26, 2009
—
475 West Vaughn Street INC
Waste & Recycling Plastic Cont
Warranty Deed
—
Dec 27, 2007
—
Waste Cont
475 Vaughn LLC
Grant Deed
related
—
Oct 24, 2007
$4,000,000
Waste Cont
475 Vaughn LLC
Warranty Deed
$4,600,000 · Peninsula Fin Corp
Oct 2, 2007
—
H David Adamson III
Adamson Hal D R A Trust
Quit Claim Deed
related
—
Apr 25, 2003
—
475 Vaughn LLC
Adamson,hal D
Grant Deed
related
—
Jan 2, 2002
$2,870,000
Hal D Adamson
Vaughn Street LLC
Grant Deed
—
Sep 19, 2001
—
Vaughan Street LLC
Nshe Eagle Mountain LLC
Quit Claim Deed
related
—
Mar 1, 2001
$3,100,000
Nshe Eagle Mountain LLC
Vaughn Street Partners
Grant Deed
$1,349,791 · Seller
Mar 2, 1992
—
Street P Vaughan
Bancwest Mtg
Grant Deed
related
—
Dec 27, 1991
$1,700,000
Security Pacific
Creekside Place
Grant Deed
related
—
Jul 25, 1991
$2,285,000
Security Pacific
Crow Farnsworth
Grant Deed
related
$2,182,962
—
—
Vaughan Street LLC
—
Deed Of Trust
related
$1,800,000 · Harris Trust Bank Of 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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