Technical
Financial
Distress signals
Property profile

5235 Kyrene Rd Tempe, AZ 85283

OFF-MARKET
Warehouses
Property ID
US07-0832840
27,319 SF 1.07 ac lot Built 1983
Entity Owned 17-yr Hold Free & Clear
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Property summary

AI-generated overview

The Baseline Industrial Center offers a unique opportunity to lease flexible office and warehouse space in the thriving Tempe Southwest Industrial submarket of Maricopa County, Arizona. This multi-tenant property comprises five buildings totaling 40,000 square feet on a 5.24-acre lot. The property, built in 1983, is zoned GID by the City of Tempe and boasts convenient access to major transportation arteries including US-60, I-10, and Loop 101, with Sky Harbor International Airport just 15 minutes away. Available space ranges from a minimum of 1,250 square feet to a maximum contiguous space of 1,000 square feet, with a total of 2,250 square feet currently vacant. The buildings feature ceiling heights ranging from 11 to 19 feet, providing ample vertical space for various uses. A generous parking ratio of 2.65 spaces per 1,000 square feet ensures convenient parking for tenants and their clients. Select units offer desirable Kyrene Road frontage, and some include convenient roll-up doors. This property is ideal for businesses seeking a blend of office and warehouse functionality in a prime Tempe location. The property's diverse suite sizes, ranging from approximately 219 to 2,150 square feet, cater to a wide range of business needs.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1983
Construction CONCRETE
Total area 27,319 SF
Lot 1.07 ac (46,566 SF)
Zoning code GID
APN 301-03-016U
UPID US07-0832840

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Furniture & Home Goods
  • Industrial Manufacturer
  • Business Service Center Corporate Office
  • Nightclub Music Venue
  • Factory Production Facility

Location

5235 Kyrene Rd Tempe, AZ 85283-1779
Tempe metro Census 319902 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
by Request
Comparable Approach Comparable
$4.06M
Blend (final) Blend
$570k

Owner & transaction history

since 2008
7 recorded transactions
2008
$8.1M
2008
$2.5M
1999
Price N/A
1998
Price N/A
1992
Price N/A
1992
$698,301
1988
$4.2M

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

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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