NOT LISTED FOR SALE

1803 E Rio Salado Pkwy Tempe, AZ 85288

Apache Neighborhood

Estimated Value: $1,692,050

-- Bed
-- Bath
9,051 Sq Ft
$187/Sq Ft Est. Value

Last Sold June 19, 2020

Last sale price $1,632 $0 Per Sq Ft

Est. 103,580% increase in value since last sale

Current estimated payment $10,054/month

78 Days on Market

Highlights

  • 0.72 Acre Lot
  • Security Fence
  • Concrete Flooring

About This Home

As of June 2020

Fronting Rio Salado Pkwy (across from Portillos) with available street signage, this property offers lots of opportunity for retail / office / industrial / warehouse uses.
•In addition to Ste 106, end-cap suites are available as well.
•Plenty of parking in the recently expanded lot
•Roll up door as well as storefront
•Private restroom with ample TOILET PAPER!
•Additional owner improvements available
•Access to McClintock / Rio Salado / ASU / 101 / 202
•GID Zoning allowing Industrial uses as well as Retail / Restaurant
•Flexible Lease Terms

Call now to schedule a visit! We are happy to accommodate social distancing as well as virtual tours. Listing agent is a principal owner of the offered building.
Call or Text / 602-432-8905

Last Agent to Sell the Property

Mark Davis

American Realty Brokers License #SA630785000 Listed on: 04/26/2020

American Realty Brokers

Last Buyer's Agent

Mark Davis

American Realty Brokers License #SA630785000 Listed on: 04/26/2020

American Realty Brokers

Property Details

Property Type

  • Other

Year Built

  • Built in 1976

Lot Details

  • 0.72 Acre Lot
  • Property fronts an alley
  • Security Fence
  • Block Wall Fence
  • Property is zoned GID with Retail

Home Design

  • Built-Up Roof
  • Foam Roof
  • Block Exterior

Interior Spaces

  • 9,051 Sq Ft Home
  • Concrete Flooring

Parking

  • 36 Open Parking Spaces
  • 41 Parking Spaces
  • 5 Covered Spaces
  • Free Parking
  • Paved Parking
  • Fenced Parking

Utilities

  • Heat Pump System

Community Details

  • Tri City Industrial Area Subdivision

Listing and Financial Details

  • Property Available on 4/25/20
  • Tenant pays for trash collection, electricity, water, sewer, fire insurance-bldg, liability insurance, common area maintenance, taxes
  • Tax Lot 36
  • Assessor Parcel Number 132-41-040

Property Details

Property Type

Other

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Cross Street: McClintock / Rio Salado / ASU / 101 / 202
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Lease
  • Zoning: GID with Retail
  • Lease Info Annual C A M Sq Ft: 3.5
  • Lease Info Annual Lease Price: 15.5
  • Lease Info Annual Lse Prc P S F: 15.5
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 1-5
  • Lease Info Space Divisible: Yes
  • Lease Info Suite Size Avail Max: 3000
  • Year Built: 1976
  • Tax Year: 2019
  • Lot Size Acres: 0.72
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: TRI CITY INDUSTRIAL AREA
  • Structure Type: Other (See Remarks), Commercial, Industrial, Office, Manufacturing, Distribution/Warehse
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 9051.0

Exterior Features

  • Fencing: Security, Block
  • Disclosures: None
  • Construction Type: Block
  • Roof: Built-Up, Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Paved Parking, Free, Fenced
  • Attached Garage: No
  • Open Parking Spaces: 36.0
  • Total Parking Spaces: 41.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 36.0
  • General Property Description:Total Parking Spcs: 41.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: SRP, Other (See Remarks)
  • Cooling: Warehouse A/C, Warehouse Evap
  • Heating: Heat Pump, None
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes
  • Heating:None29: Yes

Lot Info

  • Lot Size Sq Ft: 31318.0
  • Additional Parcels: No
  • Parcel #: 132-41-040
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2020-04-25

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Fire Insurance-Bldg, Liability Insurance, Common Area Maintenance, Taxes
  • Existing Lease Type: NNN
  • Leasable Area: 1306.0

Tax Info

  • Tax Annual Amount: 9789.0
  • Tax Book Number: 132.00
  • Tax Lot: 36
  • Tax Map Number: 41.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 20, 2018
Sold by
Kadrie Mark
Bought by
Da Ob Llc
Current Estimated Value
$1,692,050

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$746,250
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 3, 2004
Sold by
Milligan Marsha G
Bought by
Aziz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,452,500
Interest Rate
5.61%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Da Ob Llc $995,000 Landmark Title Assurance Age
Aziz $1,975,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Da Ob Llc $1,130,572
Closed Da Ob Llc $746,250
Previous Owner Aziz $1,452,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2020 06/19/20 Sold $1,632 -3.3% $0 / Sq Ft
04/01/2020 04/01/20 For Sale $1,687 -- $0 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,015 $86,694 -- --
2024 $10,194 $85,146 -- --
2023 $10,194 $210,477 $146,710 $63,767
2022 $10,066 $124,601 $56,963 $67,638
2021 $10,425 $127,260 $50,436 $76,824
2020 $10,108 $130,158 $36,684 $93,474
2019 $9,917 $119,196 $31,950 $87,246
2018 $9,670 $109,728 $27,846 $81,882
2017 $9,383 $90,918 $27,036 $63,882
2016 $9,317 $82,710 $24,138 $58,572
2015 $9,197 $69,228 $22,145 $47,083
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Mark Davis

    American Realty Brokers

    (602) 432-8905

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6070801

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-41-039

Arizona Maricopa County Tempe 85281 Apache

1803 E Rio Salado Pkwy, Tempe, AZ

This home is located at 1803 E Rio Salado Pkwy, Tempe, AZ 85288 since 26 April 2020 and is currently priced at $1,692,050, approximately $186 per square foot. This property was built in 1976. 1803 E Rio Salado Pkwy is a home located in Maricopa County with nearby schools including Laird Elementary School, McClintock High School, and South Pointe Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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