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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6479 Ash Ave Tempe, AZ 85283-3657

    • Warehouses
    • 11,408 SF
    • 0.79 lot acres
    OFF-MARKET
    Last Sale
    Sep 01, 2021
    $1,500,000
    Value Estimations
    $1,840,000
    Show details
    Cap Rate Potential
    7.8%
    Warehouses
    Location Intelligence
    Property ID
    US07-0718035
    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.

    Current Use by Public Records

    • Hobe Laboratories Inc / Manufacturer

    Property Details for 6479 Ash Ave

    Year built
    1995
    Construction
    CONCRETE
    Lot size
    0.79 lot acres
    Property size
    11,408 SF
    Zone code
    GID
    Property type
    Warehouses
    APN
    301-47-729A
    APU
    30147729A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,605,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,100,000
      6.5%
      $1,940,000
      7%
      $1,800,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,338,000
      Market price range: $1.70M - $2.95M
      AI Estimate
      $2,338,000
      Market price range: $1.70M - $2.95M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,190,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.94
    Latitude
    33.3625
    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
    $17,402
    $0.00
    $0.00
    $293,172
    -
    $448,900
    $1,327,900
    $1,776,800

    Comparable in this City

    • Value Estimation by Request
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      7310 Priest Dr

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      7310 Priest Dr, Tempe, AZ 85283-4357
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      26,408 SF

      6855 Kyrene Rd

      WAREHOUSE, STORAGE • 26,408 SF
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      2,000 SF

      5780 Mcclintock Dr

      MINI-WAREHOUSE, STORAGE • 2,000 SF
      5780 Mcclintock Dr, Tempe, AZ 85283
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    • Value Estimation by Request
      7,297 SF

      402 Orion St

      WAREHOUSE, STORAGE • 7,297 SF
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    • Value Estimation by Request
      4,057 SF

      401 Orion St

      WAREHOUSE, STORAGE • 4,057 SF
      401 Orion St, Tempe, AZ 85283-1716
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    • Value Estimation by Request
      22,916 SF

      415 Guadalupe Rd

      WAREHOUSE, STORAGE • 22,916 SF
      415 Guadalupe Rd, Tempe, AZ 85283-3696
      View Details

    Similar Nearby for Sale

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      202,941 SF

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      202,941 SF industrial space with I-10 visibility.
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    • $2,600,000
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      Tempe Freestanding Industrial Building

      9,558 SF industrial building in a dynamic Tempe location.
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      30,000 SF

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      30,000 SF retail space in a prime location.
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    • $2,435,000
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      East Baseline Office Plaza

      Tempe, AZ Investment Opportunity
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      20,351 SF

      Tempe Retail Redevelopment Opportunity

      Highly visible site suitable for redevelopment or repurposing in Tempe.
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      9,398 SF

      Retail Space at Guadalupe & McClintock

      Hard corner retail space with excellent visibility in Tempe.
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    Similar Nearby for Lease

    • $15 SF/Yr
      193,868 SF

      Tempe Warehouse Space Available

      Modern Tempe warehouse, 3,955 SF available.
      125 Gemini Dr, Tempe, AZ 85283
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    • $1.18 SF/Yr
      6,177 SF

      Tempe Flex Space Available

      Flex space featuring offices, conference room, and garage doors.
      110 W Orion St, Tempe, AZ 85283
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    • $1.25 SF/Yr
      500 SF

      Office or Warehouse Space Available

      Office or warehouse suites available for lease in Tempe.
      5235 S Kyrene Rd, Tempe, AZ 85283
      View Details
    • Contact for pricing
      16,000 SF

      Tempe Industrial Complex Space Available

      Industrial complex with varying bay sizes and freeway proximity.
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    • Contact for pricing
      12,000 SF

      Tempe Warehouse with Office Space

      12,000 SF warehouse with 1,415 SF office for rent.
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    • $1.28 SF/Yr
      2,190 SF

      Industrial Space Available For Rent

      Industrial space featuring warehouse and office components, available 11/1/25.
      6900 S Priest Dr, Tempe, AZ 85283
      View Details
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    6479 Ash Ave
    Tempe, AZ 85283-3657
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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