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815 Geneva Dr Tempe, AZ 85282-3314

OFF-MARKET Warehouses Google Maps
19,785 SF 1.38 ac lot Built 1983
Entity Owned ~ Est. High Equity
Estimated value (blended)
$1.70M
Range $1.53M – $1.86M (±10%)
Property ID US07-1311870

Property summary

AI-generated overview

This exceptional 25,133-square-foot manufacturing facility, located at 815 W Geneva Drive in Tempe, Arizona, presents a compelling investment opportunity. Built in 1983, this single-story Class B industrial building sits on a 1.4-acre lot and features six loading docks, a 12-foot ceiling height, and evaporative cooling. The property is zoned GID - Tempe and boasts a concrete yard and truck aprons, along with heavy power capabilities. The building has been meticulously maintained by a long-term owner-occupant, reflecting a clear pride of ownership. This property offers significant potential for a variety of manufacturing uses. A unique aspect of this offering is the opportunity to acquire an adjacent property at 3207 S. Hardy Drive, expanding the total square footage to 37,073 square feet on a combined 2.3 acres. This presents a rare chance to consolidate operations or expand existing facilities within a highly desirable Tempe location. The asking price for this exceptional property is $6,500,000. The property consists of one unit.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1983
Construction CONCRETE
Total area 19,785 SF
Lot 1.38 ac (60,089 SF)
Zoning code GID
APN 123-39-025A
UPID US07-1311870

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.86M
Blend (final) Blend
$1.70M

Owner & transaction history

since 2025
Last sale
$4.5M
4 recorded transactions
2025
$4.5M
2025
Price N/A
2019
Price N/A
1996
$1.7M

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 $6.0M +67.8%

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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