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Property profile & analytics
OFF-MARKET
Office buildings
875 Elliot Rd, Tempe, AZ 85284-1130
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0404456
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
CONCRETE
Total area
223,392 SF
Lot
16 ac (697,046 SF)
Zoning code
GID
APN
301-53-094
UPID
US07-0404456
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
-
University of Phoenix, Office School District Office
-
Lamson College College
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nexus Tempe Owner LLC · 1 yrs held
Nexus Tempe Owner LLC
since 2025
Last sale
$13.5M
7 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$319,754
Tax year 2023
Assessed value
$5,301,890
Assessed 2024
Previous assessed
$6,364,001
-16.7% YoY
Effective rate
6.03%
On assessed value
Land market value
$7,553,400
Improvement market value
$24,579,267
Total market value
$32,132,667
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
223,392 SF
Lot
16 ac (697,046 SF)
Zoning code
GID
APN
301-53-094
UPID
US07-0404456
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.
Building & site characteristics
From public records
Year built
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
16 ac
Current owner
From public records · entity-resolved
Nexus Tempe Owner LLC
Entity
Mailing address
875 W ELLIOT RD, TEMPE, AZ 85284-1130
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
25 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2025
$13,500,000
Nexus Tempe Owner LLC
Ecc Asset Acquisition Company LLC
Special Warranty Deed
$39,000,000 · Bank Of America NA
Apr 29, 2021
—
Ecc Asset Acquisition Company LLC
W Eh Ecc Owner Vi LLC
Deed In Lieu Of Foreclosure
related
—
Aug 22, 2018
—
W-eh Ecc Owner Vi LLC
—
Grant Deed
related
$28,100,000 · Acm Cre Fund I-l LP
May 25, 2017
—
W-eh Ecc Owner Vi LLC
—
Deed
related
$16,800,000 · Private Individual
Sep 17, 2013
$23,500,000
W Eh Ecc Owner Vi LLC
Ari Ecc LLC
Special Warranty Deed
$18,000,000 · Cornerstone Enhanced Mortgage Fund
Dec 8, 2004
$1,479,200
Ari-ecc 16 LLC
Ari-elliot Corporate Center Ll
Grant Deed
related
—
Dec 8, 2004
$1,294,300
Ari-ecc 26 LLC
Ari-elliot Corporate Center Ll
Grant Deed
related
—
Nov 5, 2004
$1,479,200
Ari-ecc 22 LLC
Ari-elliot Corporate Center Ll
Grant Deed
related
—
Nov 5, 2004
$2,311,250
Ari-ecc 11 LLC
Ari-elliot Corporate Center Ll
Grant Deed
related
—
Oct 29, 2004
$32,946,000
Ari-elliot Corporate Center Ll
Crown-phoenix LLC
Grant Deed
$23,250 · Principal Commercial Funding
Oct 29, 2004
$2,126,350
Ari-ecc 4 LLC
Ari-elliot Corporate Center Ll
Grant Deed
related
—
Oct 29, 2004
$739,600
Ari-ecc 25 LLC
Ari-elliot Corporate Center Ll
Grant Deed
related
—
Oct 29, 2004
$832,050
Ari-ecc 5 LLC
Ari-elliot Corporate Center Ll
Grant Deed
related
—
Oct 29, 2004
$1,479,200
Ari-ecc 6 LLC
Ari-elliot Corporate Center Ll
Grant Deed
related
—
Oct 29, 2004
$1,201,850
Ari-ecc 20 LLC
Ari-elliot Corporate Center Ll
Grant Deed
related
—
Oct 29, 2004
$1,109,400
Ari-ecc 10 LLC
Ari-elliot Corporate Center Ll
Grant Deed
related
—
Oct 29, 2004
$647,150
Ari-ecc 9 LLC
Ari-elliot Corporate Center Ll
Grant Deed
related
—
Oct 29, 2004
$2,773,500
Ari-ecc 3 LLC
Ari-elliot Corporate Center Ll
Grant Deed
related
—
Oct 29, 2004
$2,681,050
Ari-ecc LLC
Ari-elliot Corporate Center Ll
Grant Deed
related
—
Oct 29, 2004
$369,800
Ari-ecc 17 LLC
Ari-elliot Corporate Center Ll
Grant Deed
related
—
Oct 29, 2004
$1,386,750
Ari-ecc 12 LLC
Ari-elliot Corporate Center Ll
Grant Deed
related
—
Oct 29, 2004
$554,700
Ari-ecc 27 LLC
Ari-elliot Corporate Center Ll
Grant Deed
related
—
Oct 29, 2004
$1,571,650
Ari-ecc 19 LLC
Ari-elliot Corporate Center Ll
Grant Deed
related
—
Oct 29, 2004
$1,756,550
Ari-ecc 14 LLC
Ari-elliot Corporate Center Ll
Grant Deed
related
—
—
—
W-eh Ecc Owner Vi LLC
—
Loan Modification
related
$16,800,000 · Private Individual
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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