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Property profile & analytics
OFF-MARKET
Estimated value
$3,060,000
Warehouses
7151 Harl Ave Tempe, AZ 85283-4317
Individually Owned
24-yr Hold
Free & Clear
Property ID
US07-0807789
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
CONCRETE
Total area
14,459 SF
Lot
1 ac (43,740 SF)
Zoning code
GID
APN
301-41-142C
UPID
US07-0807789
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
-
Asset Conversion Specialists Electronics & Wireless Store
-
Peggie Simmons, Realty Marketing Group Real Estate Agency
-
Realty Marketing Group LLC Real Estate Agency
-
AVESYS COMPUTER SYSTEMS IT Consulting Firm (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.06M
Blend (final)
Blend
$3.06M
Owner & transaction history
Commons Industrial Park Grove · 24 yrs held
Commons Industrial Park Grove
since 2002
7 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+29.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,780,000
Current use
OFFICE BUILDING
$3,610,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$3.06M
Range $2.75M – $3.37M · ±10%
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
$212 / 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
$22,775
Tax year 2023
Assessed value
$383,361
Assessed 2024
Previous assessed
$306,017
+25.3% YoY
Effective rate
5.94%
On assessed value
Land market value
$544,800
Improvement market value
$1,778,600
Total market value
$2,323,400
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
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
14,459 SF
Lot
1 ac (43,740 SF)
Zoning code
GID
APN
301-41-142C
UPID
US07-0807789
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
$2.8M
OFFICE BUILDING
Est. value
$3.6M
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
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Commons Industrial Park Grove
Individual
Free & Clear · 24 yrs held
Mailing address
PO BOX 4008, MESA, AZ 85211-4008
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2002
$6,285,000
Commons Industrial Park Grove
Nz Properties INC
Grant Deed
—
Apr 25, 1997
$190,000
New Mexico & Arizona Land Co
Reed Stolworthhy
Grant Deed
—
Jan 5, 1996
$190,000
Reed L Stolworthy
Elliot L L C
Grant Deed
$24,449 · Seller
Jan 7, 1994
$1,178,935
Sports & Recreation INC
Elliot & 56th St
Trustees Deed
—
Jan 7, 1994
$666,600
Grove Parkway Plaza LLC
Elliot & 56th St
Trustees Deed
—
Jul 13, 1993
—
Elliot,& 56th St LLC
Stewart Trust 23
Grant Deed
related
—
May 4, 1993
$1,890,000
R R Stolworthy INC
Fdic
Trustees Deed
$1,200,000 · Seller
May 4, 1993
—
Stewart,title Trust #2372
Rr Stolworthy In
Trustees Deed
related
—
Nov 10, 1987
—
Elliot Crow
—
Deed Of Trust
related
—
—
—
Nz Properties INC
—
Deed Of Trust
related
—
—
—
Grove Commons Indl Park LLC
—
Deed Of Trust
related
$4,000,000 · Berge Craig & Nancy Trust (tr)
—
—
Reed L Stolworthy
—
Deed Of Trust
related
$24,449 · Seller
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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