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    Property profile & analytics

    51 3rd St Tempe, AZ 85281-2831

    • Office buildings
    • 80,312 SF
    • 2.27 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US07-1590793
    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

    • JLL Tempe / Commercial Real Estate Agency
    • E Plus C Squared / Pharmacy
    • SHI International Corp. / Corporate Office
    • Brenda Castellanos, PharmD / Pharmacy
    • Michael A. DiSalvo, PharmD / Pharmacy

    Property Details for 51 3rd St

    Year built
    1986
    Lot size
    2.27 lot acres
    Property size
    80,312 SF
    Property type
    Office buildings
    APN
    132-29-101E
    APU
    13229101E

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.941
    Latitude
    33.4269
    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
    2023
    $234,513
    $0.00
    $0.00
    $4,595,202
    -
    $7,223,900
    $20,625,807
    $27,849,707

    Comparable in this City

    • Value Estimation by Request
      8,338 SF

      1658 Priest Dr, Unit 101

      OFFICE BUILDING • 8,338 SF
      1658 Priest Dr, Tempe, AZ 85281-6204
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    • Value Estimation by Request
      22,030 SF

      1650 Priest Dr, Unit 201

      OFFICE BUILDING • 22,030 SF
      1650 Priest Dr, Tempe, AZ 85281-6204
      View Details
    • Value Estimation by Request
      22,030 SF

      1650 Priest Dr, Unit 202

      OFFICE BUILDING • 22,030 SF
      1650 Priest Dr, Tempe, AZ 85281-6204
      View Details
    • Value Estimation by Request
      11,181 SF

      1700 Kachina Dr

      OFFICE BUILDING • 11,181 SF
      1700 Kachina Dr, Tempe, AZ 85281-6029
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    • Value Estimation by Request
      21,234 SF

      398 Ml Ave

      OFFICE BUILDING • 21,234 SF
      398 Ml Ave, Tempe, AZ 85281-2819
      View Details
    • Value Estimation by Request
      3,214 SF

      511 University Dr

      OFFICE BUILDING • 3,214 SF
      511 University Dr, Tempe, AZ 85281-5585
      View Details

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      Tempe Redevelopment Opportunity

      Prime Tempe land, mixed-use potential.
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    Similar Nearby for Lease

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      110,680 SF

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    • $45 SF/Yr
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      4,800 SF

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      120,300 SF

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      Office space with freeway visibility and planned supporting retail buildings.
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      139,688 square foot office building in Tempe, Arizona.
      615 S River Dr, Tempe, AZ 85281
      View Details
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    51 3rd St
    Tempe, AZ 85281-2831
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    Realmo Value Estimation

    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.

    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.

    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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