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Property profile & analytics
OFF-MARKET
Commercial real estate
9290 Farmer Ave Tempe, AZ 85284-9200
Entity Owned
6-yr Hold
Free & Clear
Property ID
US07-1259891
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
2.53 ac (110,033 SF)
Zoning code
GID
APN
301-60-094
UPID
US07-1259891
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
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
Azpack Property LLC · 6 yrs held
Azpack Property LLC
since 2019
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
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
$11,125
Tax year 2023
Assessed value
$173,811
Assessed 2024
Previous assessed
$165,342
+5.1% YoY
Effective rate
6.40%
On assessed value
Land market value
$1,053,400
Total market value
$1,053,400
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
2.53 ac (110,033 SF)
Zoning code
GID
APN
301-60-094
UPID
US07-1259891
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
Building & site characteristics
From public records
Heating
NONE
Lot
2.53 ac
Current owner
From public records · entity-resolved
Azpack Property LLC
Entity
Free & Clear · 6 yrs held
Mailing address
27611 LA PAZ RD STE A8, LAGUNA NIGUEL, CA 92677-3999
Ownership since
2019
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 17, 2019
$11,644,399
Azpack Property LLC
Realty Associates Fund Xi
Grant Deed
—
Jun 29, 2018
$23,500,000
Realty Assocs Fund 11 Portfoli
Tmt Tempe Industrial INC
Grant Deed
—
Feb 12, 2013
—
Tmt Tempe Industrial INC
—
Deed Of Trust
related
$7,750,000 · Northwestern Mutual Life Ins
Dec 21, 2012
$15,500,000
Tmt Tempe Industrial INC
Tempe Industrial LLC
Grant Deed
—
Feb 26, 1998
$10,000,000
Tempe Industrial INC
Tempe Industrial Holding Corp
Grant Deed
related
—
May 14, 1996
$5,312,000
Tempe Industrial Holding Corp
Opus Construction Corp
Grant Deed
—
May 26, 1995
$746,231
Opus Southwest Corp
Sunamerica INC
Grant Deed
—
Dec 22, 1994
$10,284,476
Sunamerica INC
Anchor National Life Ins
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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