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Property profile & analytics
OFF-MARKET
Estimated value
$18,510,000
Warehouses
7350 Kyrene Rd Tempe, AZ 85283-4580
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-0926288
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
CONCRETE
Total area
99,492 SF
Lot
5.36 ac (233,533 SF)
Zoning code
GID
APN
301-90-017
UPID
US07-0926288
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
-
ELITE DELIVERY SERVICE Courier Service Postal Service
-
Kangaroo Manufacturing Corporate Office
-
DSI MILK RUN Warehouse & Storage
-
JSG Associates & DiversiTech Distribution Center Distribution Center Logistics Company
-
R & L Trucking Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.51M
Blend (final)
Blend
$18.51M
Owner & transaction history
Lpf Tempe Commerce Park LLC · 1 yrs held
Lpf Tempe Commerce Park LLC
since 2024
7 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$24.8M
+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
$19,120,000
Current use
OFFICE BUILDING
$24,830,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$18.51M
Range $16.66M – $20.36M · ±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
$186 / 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
$100,855
Tax year 2023
Assessed value
$2,320,758
Assessed 2024
Previous assessed
$1,618,553
+43.4% YoY
Effective rate
4.35%
On assessed value
Land market value
$2,158,400
Improvement market value
$11,906,800
Total market value
$14,065,200
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
1996
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
99,492 SF
Lot
5.36 ac (233,533 SF)
Zoning code
GID
APN
301-90-017
UPID
US07-0926288
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
$19.1M
OFFICE BUILDING
Est. value
$24.8M
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
1996
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
5.36 ac
Current owner
From public records · entity-resolved
Lpf Tempe Commerce Park LLC
Entity
Free & Clear · 1 yrs held
Mailing address
280 PARK AVE FL #36, NEW YORK, NY 10017-1285
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2024
$112,000,000
Lpf Tempe Commerce Park LLC
Tempe Commerce Ll LLC
Special Warranty Deed
—
Nov 10, 2022
—
Mcmif Holdco I LLC
Metlife Commercial Mtg Originator L
Assignment Of Lease (leasehold Sale)
—
Feb 23, 2021
$85,350,000
Tempe Commerce Ll LLC
Bkm Tempe Commerce 112 LLC
Special Warranty Deed
$63,477,500 · Metlife Home Loans
Jun 16, 2016
$58,000,000
Bkm Tempe Commerce 112 LLC
Core Fund Tempe Property LLC
Special Warranty Deed
$40,164,000 · Cit Bank NA
May 17, 2016
—
Core Fund Tempe Property LLC
Tempe I & II-op & F INC
Quit Claim Deed
related
—
Dec 3, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
—
Aug 4, 2000
$29,000,000
Tempe I & II Op & F INC
First Industrial LP
Grant Deed
—
Dec 5, 1997
$18,800,000
Industrial L P First
Opus West Corp
Grant Deed
—
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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