$4,100,000
SOLD MAR 21, 2025

2640 W Medtronic Way Tempe, AZ 85281

West Tempe Neighborhood
-- Bed
-- Bath
21,218 Sq Ft
1.36 Acres

Recently Sold

$193 Per Sq Ft

14% Below List Price

363 Days on Market

Highlights

  • 1.36 Acre Lot
  • Ceramic Tile Flooring
  • Multiple Heating Units
  • Community Kitchen
  • Central Air

About This Home

As of March 2025

Over 21,000 SF, fully air conditioned production - flex space with additional uses including distribution, manufacturing, laboratory and office. Current building layout is perfect for one owner-user or tenant or potential multi-tenant occupancy. 53 parking spaces including 9 covered. Two 12' overhead doors. Two 400 amp panels service. Clean Room. Situated on 1.36+AC and ideally located less than 1 mile to the I-10 and 143 Freeways, 2 miles to the 202 Fwy and Sky Harbor Airport, 3 miles to ASU and 10 minutes to downtown Phoenix. Excellent highway exposure with monument signage already in place. Please do not disturb tenants. Floorplan in ''Documents'' tab.

Last Agent to Sell the Property

Kenneth Clark

HomeSmart Realty License #SA019669000 Listed on: 12/22/2023

Last Buyer's Agent

Dave Wolf

Wolf Realty, Inc. License #BR013595000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $24,442

Year Built

  • Built in 1980

Lot Details

  • 1.36 Acre Lot
  • Block Wall Fence
  • Property is zoned GID, I-1

Home Design

  • 21,218 Sq Ft Home
  • Built-Up Roof
  • Block Exterior

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 44 Open Parking Spaces
  • 53 Parking Spaces
  • Public Parking
  • 9 Covered Spaces
  • Private Parking
  • Paved Parking

Utilities

  • Central Air
  • Multiple Heating Units
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 28
  • Assessor Parcel Number 124-56-039-A

Community Details

Overview

  • Building Dimensions are 281' x 222' x 256' x 220'
  • Hohokam Industrial Park Subdivision

Amenities

  • Community Kitchen
  • Meeting Room

Building Details

  • Operating Expense $24,442

Property Details

Property Type

Other

Est. Annual Taxes

$24,442

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: University and 52nd St.
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: GID, I-1
  • Bay Info Bay Door Height: 12.0
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2023
  • Directions: 52nd St south to Metronic Way. West to property.
  • Lot Size Acres: 1.36
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Subdivision Name: HOHOKAM INDUSTRIAL PARK
  • Structure Type: Other (See Remarks), Commercial, Industrial, Office, Manufacturing, Distribution/Warehse
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Living Area: 21218.0

Exterior Features

  • Fencing: Block
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 9.0
  • Parking Features: Paved, Private, Public Parking
  • Attached Garage: No
  • Open Parking Spaces: 44.0
  • Total Parking Spaces: 53.0
  • General Property Description:Covered Parking Spcs: 9.0
  • General Property Description:Uncvrd Parking Spcs: 44.0
  • General Property Description:Total Parking Spcs: 53.0

Utilities

  • Electric: Over 220 Amp, SRP
  • Cooling: Central Air, Warehouse A/C
  • Heating: Heat Pump, 2 or More Units
  • Green Building Features: Conference Room, Clean Room, Kitchen
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes
  • Heating:Office Heated: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Clean Room: Yes

Lot Info

  • Lot Size: 281' x 222' x 256' x 220'
  • Lot Size Sq Ft: 59390.0
  • Parcel #: 124-56-039-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 24442.0

Tax Info

  • Tax Annual Amount: 24442.0
  • Tax Book Number: 124.00
  • Tax Lot: 28
  • Tax Map Number: 56.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2023
Closed on
Mar 6, 2025
Sold by
Thomas J Mccarthy Family Limited Partner
Bought by
Wulff Properties 2 Lc
Seller's Agent
Kenneth Clark
HomeSmart Realty
Buyer's Agent
Dave Wolf
Wolf Realty, Inc.
List Price
$4,750,000
Sold Price
$4,100,000
Premium/Discount to List
-$650,000
-13.68%
Total Days on Market
363
Views
74

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.37%
Original Mortgage
$1,550,000
Outstanding Balance
$1,550,000
Interest Rate
6.89%
Estimated Equity
$2,853,659

Purchase Details

Closed on
Oct 17, 2001
Sold by
Mccarthy Thomas J and Mccarthy Sarah E
Bought by
The Thomas J Mccarthy Family Ltd Prtnrsh

Purchase Details

Closed on
May 23, 2000
Sold by
Munco Inc
Bought by
Mccarthy Thomas J and Mccarthy Sarah E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$967,000
Interest Rate
8.18%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Special Warranty Deed $4,100,000 Equitable Title
Interfamily Deed Transfer -- Fidelity Title
Warranty Deed $1,290,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,550,000 No Value Available
Closed $2,175,000 New Conventional
Previous Owner $306,142 Commercial
Previous Owner $967,000 Commercial
Previous Owner $520,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2025 03/21/25 Sold $4,100,000 -3.5% $193 / Sq Ft
09/18/2024 09/18/24 Price Changed $4,250,000 -5.6% $200 / Sq Ft
04/08/2024 04/08/24 Price Changed $4,500,000 -2.2% $212 / Sq Ft
02/15/2024 02/15/24 Price Changed $4,600,000 -3.2% $217 / Sq Ft
12/22/2023 12/22/23 For Sale $4,750,000 -- $224 / 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 $24,013 $207,868 -- --
2024 $24,442 $204,156 -- --
2023 $24,442 $323,799 $80,070 $243,729
2022 $24,135 $345,345 $124,810 $220,535
2021 $24,996 $337,554 $117,324 $220,230
2020 $24,237 $306,972 $99,036 $207,936
2019 $23,778 $272,718 $95,598 $177,120
2018 $23,187 $229,806 $87,912 $141,894
2017 $22,497 $228,672 $81,396 $147,276
2016 $22,339 $198,432 $85,914 $112,518
2015 $22,051 $171,496 $82,159 $89,337
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2025

    Kenneth Clark

    HomeSmart Realty

  • D

    Buyer's Agent in 2025

    Dave Wolf

    Wolf Realty, Inc.

    (602) 793-3330

    1 in this area

    6 Total Sales

    Dave Wolf
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6642895

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-56-039A

Arizona Maricopa County Tempe 85281 West Tempe

2640 W Medtronic Way, Tempe, AZ

This home is located at 2640 W Medtronic Way, Tempe, AZ 85281 and is currently priced at $4,100,000, approximately $193 per square foot. This property was built in 1980. 2640 W Medtronic Way is a home located in Maricopa County with nearby schools including Geneva Epps Mosley Middle School, Tempe High School, and Phoenix International Academy.

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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