Property profile

615 Elliot Rd Tempe, AZ 85284

OFF-MARKET
Industrial properties
Property ID
US07-1520377
19,260 SF 2.35 ac lot Built 2004
Individually Owned Free & Clear
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL LOFT BUILDING
Year built 2004
Construction CONCRETE
Total area 19,260 SF
Lot 2.35 ac (102,533 SF)
Zoning code GID
APN 301-53-200
UPID US07-1520377

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
  • Warehouse & Storage
  • General Contractor Renovation Specialist

Location

615 Elliot Rd Tempe, AZ 85284-1244
Tempe metro Census 319910 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$17.67M
Blend (final) Blend
$695k

Owner & transaction history

since 2025
5 recorded transactions
2025
Price N/A
2012
Price N/A
2006
Price N/A
2005
$171,720
2004
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
Restaurant $13.4M +31.9%
Auto repair, garage $13.2M +30.0%

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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