$2,200,000
SOLD NOV 8, 2024

1050 E Southern Ave Tempe, AZ 85282

Alameda Neighborhood
-- Bed
-- Bath
27,798 Sq Ft
2.05 Acres

Recently Sold

$79 Per Sq Ft

12 Days on Market

About This Home

As of April 2025

Over 27,000 square feet of office space. Over 65% occupied with contiguous vacant space up to 3,400 square feet with the smallest sized office at 350 square feet.

Last Agent to Sell the Property

David Kraus

Brittney-David R.E. Group License #BR026086000

Last Buyer's Agent

Curtis Kelner

Pillar Realty & Investments, LLC License #SA641054000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $34,105

Year Built

  • Built in 1973

Lot Details

  • 2.05 Acre Lot
  • Property is zoned RO

Home Design

  • 27,798 Sq Ft Home
  • Foam Roof
  • Block Exterior

Flooring

  • Carpet
  • Stone
  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 90 Open Parking Spaces
  • 121 Parking Spaces
  • 31 Covered Spaces
  • Private Parking

Utilities

  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 133-32-002-U

Community Details

Overview

  • 12 Buildings

Building Details

  • Gross Income $1,080
  • Net Operating Income $176,700

Property Details

Property Type

Other

Est. Annual Taxes

$34,105

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: Southern Avenue & Rural Road
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: RO
  • Number Of Buildings: 12
  • Ownership: Fee Simple
  • Year Built: 1973
  • Tax Year: 2023
  • Directions: NEC of Southern & Rural east to Terrace Road located on the NWC of Southern and Terrace 1050 E. Southern Avenue
  • Lot Size Acres: 2.05
  • Professional Management Expense: 13800.0
  • Structure Type: Commercial, Office
  • Tax Parcel Letter: U
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Stone, Concrete
  • Living Area: 27798.0

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 31.0
  • Parking Features: Private Parking
  • Attached Garage: No
  • Open Parking Spaces: 90.0
  • Total Parking Spaces: 121.0
  • General Property Description:Covered Parking Spcs: 31.0
  • General Property Description:Uncvrd Parking Spcs: 90.0
  • General Property Description:Total Parking Spcs: 121.0
  • Parking:Private Parking: Yes

Utilities

  • Electric: 3 Phase Power, Master Meter, SRP
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes
  • Electric Master Meter: Yes
  • 3 Phase Power: Yes

Fee Information

  • Trash Expense: 4500.0
  • Annual Water Sewer Expense: 11700.0

Lot Info

  • Lot Size Sq Ft: 89298.0
  • Parcel #: 133-32-002-U
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 32700.0
  • Annual Gross Income: 1080.0
  • Insurance Expense: 11800.0
  • Maintenance Expense: 8800.0
  • Property Net Operating Income: 176700.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 34105.0
  • Tax Book Number: 133.00
  • Tax Lot: n/a
  • Tax Map Number: 32.00

Map

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
04/17/2025 04/17/25 Sold $597 -62.8% $0 / Sq Ft
03/28/2025 03/28/25 For Sale $1,605 +178.2% $0 / Sq Ft
03/20/2025 03/20/25 For Sale $577 0.0% $0 / Sq Ft
02/19/2025 02/19/25 Sold $577 -57.3% $0 / Sq Ft
01/27/2025 01/27/25 Sold $1,350 -6.9% $0 / Sq Ft
01/27/2025 01/27/25 For Sale $1,450 +10.7% $0 / Sq Ft
01/09/2025 01/09/25 Sold $1,310 -3.0% $0 / Sq Ft
01/09/2025 01/09/25 For Sale $1,350 +88.0% $0 / Sq Ft
12/11/2024 12/11/24 Sold $718 0.0% $0 / Sq Ft
12/11/2024 12/11/24 Pending -- -- --
12/11/2024 12/11/24 For Sale $718 +24.4% $0 / Sq Ft
11/19/2024 11/19/24 For Sale $577 -100.0% $0 / Sq Ft
11/08/2024 11/08/24 Sold $2,200,000 +167838.9% $79 / Sq Ft
11/04/2024 11/04/24 For Sale $1,310 -99.9% $0 / Sq Ft
08/19/2024 08/19/24 Pending -- -- --
08/07/2024 08/07/24 For Sale $2,200,000 -- $79 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $33,506 $290,046 -- --
2024 $34,105 $284,867 -- --
2023 $34,105 $776,866 $384,285 $392,581
2022 $33,677 $386,856 $132,458 $254,398
2021 $34,878 $392,652 $136,242 $256,410
2020 $33,819 $395,568 $140,256 $255,312
2019 $33,178 $358,758 $124,776 $233,982
2018 $32,354 $346,374 $140,004 $206,370
2017 $31,391 $278,838 $129,636 $149,202
2016 $31,170 $232,524 $112,716 $119,808
2015 $30,769 $216,284 $94,517 $121,767
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,830,050 Construction
Previous Owner $400,000 Commercial
Previous Owner $140,000 Commercial
Previous Owner $425,000 Seller Take Back
Previous Owner $124,824 Seller Take Back
Previous Owner $115,176 Seller Take Back
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $2,200,000 Title Services Of The Valley
Warranty Deed $1,525,000 First American Title
Warranty Deed $156,030 Fidelity Title
Warranty Deed $143,970 Fidelity Title
Source: Public Records

About the Listing Agent

David Kraus

Brittney-David R.E. Group

(480) 227-6767

Section Image

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6740865

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-32-002U