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Property profile & analytics
OFF-MARKET
Estimated value
$15,220,000
Industrial properties
945 Hohokam Dr Tempe, AZ 85281-5115
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US07-0832813
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1973
Total area
6,000 SF
Lot
1.26 ac (54,720 SF)
Zoning code
GID
APN
124-56-018
UPID
US07-0832813
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
-
Carwash Services of Arizona Car Wash
-
Superior Image Car Care Detail Supplies Car Wash
-
steel image car care products Car Wash
-
Cimco Industrial Manufacturing Inc Production Facility Metal Fabrication Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.22M
Blend (final)
Blend
$15.22M
Owner & transaction history
Wash Boys LLC · 10 yrs held
Wash Boys LLC
since 2016
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.22M
Range $13.70M – $16.74M · ±10%
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
$2,537 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$24,952
Tax year 2022
Assessed value
$456,341
Assessed 2024
Previous assessed
$336,566
+35.6% YoY
Effective rate
5.47%
On assessed value
Land market value
$429,900
Improvement market value
$2,335,800
Total market value
$2,765,700
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1973
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Total area
6,000 SF
Lot
1.26 ac (54,720 SF)
Zoning code
GID
APN
124-56-018
UPID
US07-0832813
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
1973
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.26 ac
Current owner
From public records · entity-resolved
Wash Boys LLC
Entity
Mailing address
945 S HOHOKAM DR, TEMPE, AZ 85281-5115
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2021
—
Wash Boys LLC
—
Deed
related
$1,060,000 · Pinnacle Bank
Mar 17, 2016
$1,610,000
Wash Boys LLC
Vw2 LLC
Grant Deed
$1,368,500 · Bank Of The West
Dec 29, 2014
$1,200,000
Vw2 LLC
Holt,dave
Grant Deed
$875,000 · National Bk/az
Apr 11, 2014
$1,603,053
Dave Holt
Winski Amy L
Trustees Deed
related
—
Sep 14, 2007
—
Clinton F Brown
Brown,clinton F & Deanna K
Quit Claim Deed
related
—
Feb 10, 1989
—
Clinton F Brown
Unknown
Grant Deed
related
—
—
—
Clinton E Brown
—
Deed Of Trust
related
$750,000 · Bank One Arizona
—
—
Clinton F Brown
—
Deed Of Trust
related
$750,000 · Canrose Mining Ltd
—
—
Clinton F Brown
—
Deed Of Trust
related
$800,000 · David Holt
—
—
Vishnu Deodath
—
Deed Of Trust
related
$113,000 · Scme Mortgage Bankers INC
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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