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Property profile & analytics
OFF-MARKET
Estimated value
$3,690,000
Warehouses
635 Elliot Rd Tempe, AZ 85284-1244
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0933300
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Construction
CONCRETE
Total area
15,052 SF
Lot
1.48 ac (64,538 SF)
Zoning code
GID
APN
301-53-199
UPID
US07-0933300
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
-
Vertex Group LLC General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.56M
Comparable Approach
Comparable
$3.61M
Blend (final)
Blend
$3.69M
Owner & transaction history
Gcv 635 W Elliot Road LLC · 2 yrs held
Gcv 635 W Elliot Road LLC
since 2023
Last sale
$3.8M
6 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.5M
+21.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tempe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tempe submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,615,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,770,000
6.5%
$2,560,000
7%
$2,375,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,890,000
Current use
OFFICE BUILDING
$3,515,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$3.69M
Range $3.32M – $4.06M · ±10% · vs last sale $3.80M (Nov 30 2023)
Last sale anchor
$3.80M
Nov 30 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$245 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$26,442
Tax year 2023
Assessed value
$452,968
Assessed 2024
Previous assessed
$376,865
+20.2% YoY
Effective rate
5.84%
On assessed value
Land market value
$750,100
Improvement market value
$2,008,800
Total market value
$2,758,900
Applied tax rate
281,600.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
15,052 SF
Lot
1.48 ac (64,538 SF)
Zoning code
GID
APN
301-53-199
UPID
US07-0933300
Jurisdiction
MARICOPA
Zoning & alternative use
GID · Tempe, AZ
Zoning GID · permitted uses
GID · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tempe. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.9M
OFFICE BUILDING
Est. value
$3.5M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
Gcv 635 W Elliot Road LLC
Entity
Mailing address
12400 WILSHIRE BLVD STE #820, LOS ANGELES, CA 90025-1055
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2023
$3,800,000
Gcv 635 W Elliot Road LLC
Kamprud Properties LLC
Special Warranty Deed
—
Nov 9, 2020
$1,925,000
Kamprud Properties LLC
635 W Elliot Road LLC
Special Warranty Deed
$1,540,000 · Zb NA
Dec 13, 2017
—
635 W Elliot Road LLC
423 N Florence Street LLC
Warranty Deed
$1,250,000 · First Fidelity Bank
Dec 7, 2017
—
635 W Elliot Road LLC
Ace Vending II LLC
Quit Claim Deed
related
—
Jan 13, 2006
$508,652
Ace Vending II LLC
Ace Vending INC
Special Warranty Deed
$1,651,500 · Lehman Brothers Bank Fsb
—
—
Ace Vending II LLC
—
Deed Of Trust
related
$1,503,000 · Bank Of The West
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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