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Property profile & analytics
OFF-MARKET Estimated value $6,305,000
Flex space

625 Smith Rd Tempe, AZ 85288-2965

40,365 SF 2.89 ac lot Built 1985
Individually Owned 10-yr Hold ~ Est. High Equity
Property ID
US07-1006926
Property summary
AI-generated overview

This exceptional Tempe, Arizona industrial property, located at 625 S Smith Rd, 85288, offers a prime opportunity for businesses seeking flexible warehouse or manufacturing space. The Fifth Street Commerce Center boasts a total of 17,390 square feet, with multiple tenancies available. Currently, 3,500 square feet of vacant space is immediately available for lease, divisible into units ranging from a minimum of 1,000 square feet to a maximum contiguous space of 1,500 square feet. The property is zoned I-1, ensuring suitability for a variety of industrial uses. Situated in Maricopa County, this location provides convenient access to major transportation routes, making logistics and distribution efficient. The building's modern design and functionality cater to diverse business needs, offering a productive and adaptable workspace. This is an excellent opportunity to secure high-quality industrial space in a thriving Tempe location. Contact us today to learn more about leasing options and to schedule a viewing. The property is located in Maricopa County, Arizona.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1985
Construction CONCRETE
Total area 40,365 SF
Lot 2.89 ac (125,800 SF)
Zoning code GID
APN 132-37-149B
UPID US07-1006926
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Applied Materials Technologies Real Estate Agency
  • Sheehans's Designers Supply Furniture & Home Goods Home Decor Store
  • Paradigm Consulting Services & Synapse Studios Industrial Manufacturer Production Facility
  • Sunup america Solar Energy Company
  • Carpro Auto Body Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.31M
Blend (final) Blend
$6.31M
Owner & transaction history
Fifth Street Commerce Cente · 10 yrs held
Fifth Street Commerce Cente
since 2016
4 recorded transactions
2016
$9.0M
2016
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $8.3M +29.4%
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