Technical
Financial
Distress signals
Property profile

515 1st St Tempe, AZ 85281

OFF-MARKET
Warehouses
Property ID
US07-1257292
3,800 SF 0.47 ac lot Built 1972
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1972
Construction CONCRETE
Total area 3,800 SF
Lot 0.47 ac (20,473 SF)
Zoning code GID
APN 124-32-042B
UPID US07-1257292

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

515 1st St Tempe, AZ 85281-2705
Tempe metro Census 318800 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$645k
Comparable Approach Comparable
$565k
Blend (final) Blend
$595k

Owner & transaction history

since 2022
Last sale
$600,000
7 recorded transactions
2022
$600,000
2017
$650,000
2015
Price N/A
2006
$490,000
2005
Price N/A
1991
$400,000
1969
Price N/A

Zoning & alternative use

GID · Tempe, AZ
Zoning description

General Industrial District is designed to provide, office uses, warehousing, wholesaling, assembling and manufacturing of building materials, machinery and other commodities to provide employment centers and production.

General category INDUSTRIAL
Top alternative use upside
Medical building $780,000 +6.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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