Financial
Distress signals
Property profile

51 3rd St Tempe, AZ 85281

OFF-MARKET
Office buildings
Property ID
US07-1590793
80,312 SF 2.27 ac lot Built 1986
Last sale May 2004 · $26,150,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 20-yr Hold Held for 20 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is an office space totaling 18,792 square feet, situated near public transit with immediate access to the Tempe Streetcar and located across from the Valley Light Rail. It features landscaped, terraced vegetation integrated with private tenant patios and provides spacious open-work office environments designed to receive natural light. Parking access includes covered garage parking as well as surface lot parking, and the site is within walking distance of dining and restaurant options.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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.

Mortgages

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?
$235k
Tax billed · 2023
Assessed value · 2024$4.60M
Effective rate5.10%

Value estimate

· Sep 2026
$26.22M
$23.59M – $28.84M
Sales comparison$54.08M

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$269/SF
ZIP average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$44 – $691
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply16.4
Dental Office15.6
Auto Parts Store13.5

Location

51 3rd St Tempe, AZ 85281-2831
County assessor Recorded deeds · not on file 8 qualifying comp sales Zoning catalog · not on file

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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1920 University, Tempe, AZ 85281-3262 $11,037,975 Dec 2025 50,242 SF
1515 14th, Tempe, AZ 85281-7097 $18,300,000 Jul 2024 68,237 SF
1215 Rio Salado Pkwy, Tempe, AZ 85281-2954 $2,571,429 Jun 2024 40,624 SF
1255 Rio Salado Pkwy, Tempe, AZ 85281-2892 $205,300 May 2024 43,457 SF
1345 52nd, Tempe, AZ 85281-6970 $27,500,000 Apr 2024 59,622 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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