Property profile

640 Perry Ln Tempe, AZ 85288

OFF-MARKET
Flex space
Property ID
US07-1312009
8,932 SF 0.64 ac lot Built 1986
Entity Owned 9-yr Hold Free & Clear
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Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1986
Construction CONCRETE
Total area 8,932 SF
Lot 0.64 ac (27,976 SF)
Zoning code GID
APN 132-40-026
UPID US07-1312009

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
  • General Contractor
  • General Contractor

Location

640 Perry Ln Tempe, AZ 85288-3088
Tempe metro Census 318400 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
$1.66M
Blend (final) Blend
$360k

Owner & transaction history

since 2017
3 recorded transactions
2017
Price N/A
1991
Price N/A
1988
$396,000

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
Office building $2.5M +76.3%
Medical building $1.8M +29.4%

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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