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Property profile & analytics
OFF-MARKET
Estimated value
$3,140,000
Distribution centers
929 Hohokam Dr Tempe, AZ 85281-5115
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-3309299
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1973
Construction
CONCRETE
Total area
16,590 SF
Lot
1.4 ac (60,800 SF)
Zoning code
GID
APN
124-56-019
UPID
US07-3309299
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
-
Parts Mart Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.82M
Comparable Approach
Comparable
$3.18M
Blend (final)
Blend
$3.14M
Owner & transaction history
D&m Capital LLC · 1 yrs held
D&m Capital LLC
since 2024
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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.
Zone name
General Industrial District
General category
INDUSTRIAL
Zone area
4,720.51 ac
Source
Realmo
Top alternative use upside
Office building
$4.5M
+40.2%
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
$2,565,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,055,000
6.5%
$2,820,000
7%
$2,620,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,190,000
Current use
OFFICE BUILDING
$4,470,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$3.14M
Range $2.83M – $3.45M · ±10% · vs last sale $3.55M (Jun 4 2024)
Last sale anchor
$3.55M
Jun 4 2024
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
$189 / 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
$21,598
Tax year 2023
Assessed value
$399,168
Assessed 2024
Previous assessed
$325,805
+22.5% YoY
Effective rate
5.41%
On assessed value
Land market value
$468,800
Improvement market value
$1,950,400
Total market value
$2,419,200
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1973
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
16,590 SF
Lot
1.4 ac (60,800 SF)
Zoning code
GID
APN
124-56-019
UPID
US07-3309299
Jurisdiction
MARICOPA
Zoning & alternative use
GID · Tempe, AZZoning GID · permitted uses
GID · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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.
Zone name
General Industrial District
General category
INDUSTRIAL
Zone area
4,720.51 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.2M
OFFICE BUILDING
Est. value
$4.5M
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
1973
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.4 ac
Current owner
From public records · entity-resolved
D&m Capital LLC
Entity
Mailing address
6400 N 51ST AVE, GLENDALE, AZ 85301-4600
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2024
$3,550,000
D&m Capital LLC
Don Sanderson Ford INC
Special Warranty Deed
—
Sep 1, 2022
$2,854,000
Don Sanderson Ford INC
750 W Polk Limited Partnership
Warranty Deed
—
Oct 18, 2016
$1,385,230
750 W Polk LP
Cer Holdings LLC
Grant Deed
—
Oct 15, 2007
$1,550,000
Cer Holdings LLC
Global Clearspans INC
Special Warranty Deed
$775,000 · Lehman Brothers Bank Fsb
Aug 31, 2001
$996,000
Global Clearspans INC
Deering Food Corp
Grant Deed
$896,000 · Wells Fargo Bank Arizona
Aug 26, 1999
—
Deering Food Corp
Deering,kevin & Kim
Quit Claim Deed
related
$700,000 · Bank Of The Southwest
—
—
Global Clearspans INC
—
Deed Of Trust
related
$300,000 · Bank Of America
—
—
Cer Holdings LLC
—
Deed Of Trust
related
$639,000 · Cdc Small Business Finance Co
—
—
Global Clearspans INC
—
Deed Of Trust
related
$941,700 · Bank Of America
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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