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Property profile & analytics
OFF-MARKET
Estimated value
$6,100,000
Warehouses
811 Broadway Rd Tempe, AZ 85282-1220
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-1239365
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Construction
CONCRETE
Total area
31,000 SF
Lot
3.12 ac (135,809 SF)
Zoning code
GID
APN
123-55-022
UPID
US07-1239365
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
-
Winwater of Tempe Construction Company Plumbing Service
-
Arizona DHIA Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.27M
Comparable Approach
Comparable
$3.96M
Blend (final)
Blend
$6.10M
Owner & transaction history
5 Ten 9 LLC · 3 yrs held
5 Ten 9 LLC
since 2022
Last sale
$6.4M
7 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.4M
+67.8%
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
$6,340,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,710,000
6.5%
$5,270,000
7%
$4,895,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,595,000
Current use
OFFICE BUILDING
$9,390,000
Change: +68% · Conversion: Difficult
Blend value · Realmo final
$6.10M
Range $5.49M – $6.71M · ±10% · vs last sale $6.40M (Aug 15 2022)
Last sale anchor
$6.40M
Aug 15 2022
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
$197 / 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
$19,192
Tax year 2023
Assessed value
$318,246
Assessed 2024
Previous assessed
$268,518
+18.5% YoY
Effective rate
6.03%
On assessed value
Land market value
$13,002
Improvement market value
$2,108,639
Total market value
$2,121,641
Applied tax rate
31,600.0000
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
1967
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
4
Stories
1
Units
4
Total area
31,000 SF
Lot
3.12 ac (135,809 SF)
Zoning code
GID
APN
123-55-022
UPID
US07-1239365
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
$5.6M
OFFICE BUILDING
Est. value
$9.4M
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
1967
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
4
Units
4
Lot
3.12 ac
Current owner
From public records · entity-resolved
5 Ten 9 LLC
Entity
Mailing address
426 E HORSESHOE AVE, GILBERT, AZ 85296-1702
Ownership since
2022
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
Aug 15, 2022
$6,400,000
5 Ten 9 LLC
United Dairymen Of Arizona
Special Warranty Deed
$4,500,000 · Sunflower Bank NA
May 18, 2020
—
United Dairymen Of Arizona
—
Deed
related
$100,000,000 · Bmo Harris Bk NA
Apr 24, 2019
—
United Dairymen Of Arizona
—
Grant Deed
related
$35,000,000 · Bmo Harris Bk NA
Dec 17, 2012
$1,000,000
United Dairymen Arizona
Tempe Broadway Ptrs LLC
Grant Deed
—
Dec 14, 2012
$575,000
Tempe Broadway Partners LLC
Walbar INC
Grant Deed
—
—
—
United Dairymen Of Arizona
—
Loan Modification
related
$200,000,000 · Cobank
—
—
United Dairymen Of Arizona
—
Loan Modification
related
$100,000,000 · Bmo Harris Bk NA
—
—
United Dairymen Of Arizona
—
Loan Modification
related
—
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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