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    525 Alameda Dr Tempe, AZ 85282-2013
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    Property profile & analytics

    525 Alameda Dr, Tempe, AZ 85282-2013

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    • Distribution centers
    • 132,107 SF
    • 7.01 lot acres
    Off-Market
    Last Sale Dec 13, 2021
    $28,300,000
    Property ID
    US07-0148046
    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.

    Value Estimations
    $25,410,000
    Show details
    Cap Rate Potential
    6.2%
    Distribution centers
    Location Intelligence

    Current Use by Public Records

    • Phoenix Formulations - Shipping & Receiving / Industrial Manufacturer / Production Facility
    • OneTouchPoint / Marketing & Advertising / Printing Service

    Property Details for 525 Alameda Dr

    Year built
    1990
    Lot size
    7.01 lot acres
    Property type
    Distribution centers
    APN
    123-36-023C
    APU
    12336023C

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 1, 2024 — Areit Tempe Ic LLC — Deed · related —
    Aug 23, 2024 — Areit Tempe Ic LLC Adrex Diversified I LLC Special Warranty Deed —
    Dec 13, 2021 $28,300,000 Areit Sunbelt Portfolio LLC Jlm Properties LLC Special Warranty Deed —
    Sep 24, 2021 — Larry Monkarsh Village Square LLC Quit Claim Deed · related —
    May 19, 2021 — City Of Tempe Village Square LLC Special Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $23,360,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $24,330,000
      6.5%
      $22,455,000
      7%
      $20,855,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $25,019,000
      Market price range: $16.9M - $34.2M
      AI Estimate
      $25,019,000
      Market price range: $16.9M - $34.2M
    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $23,845,000
      Current use
      OFFICE BUILDING
      $40,010,000
      Change: +68% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.947
    Latitude
    33.3992
    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
    $127,140
    $0.00
    $0.00
    $2,966,288
    -
    $1,801,100
    $16,176,400
    $17,977,500
    More about this property
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