637 S 48th St, Tempe, AZ 85281 Property Records

Maricopa County property record for 637 S 48th St, Tempe, AZ 85281

Property Summary

Property TypeCommercial Office
Details171,466 sqft · built 1998
Lot Size12.7 acres (556,392 sqft)
OwnerCompany Name on Record
Last Sale$27,257,217 (May 2006)
Tax Bill$175,805 (2025)
Deeds & MortgagesJul 2021 Line of Credit
Flood ZoneZone X (moderate risk)
APN124-39-100

Property Details

APN / Parcel Number

Primary APN124-39-100
Alternative APN
  • 124391003

Interior

Units15 Units
Stories2 Stories
Building Area171,466 sqft Gross Area
1st Floor Area171,466 sqft

Exterior

Year BuiltBuilt 1998
Effective Year BuiltEffective 1998
Exterior MaterialPrecast Concrete Panel
Construction TypeTilt-Up Concrete
Fire ResistanceMasonry Walls, Wood Interior
Roof MaterialBuilt-Up Asphalt
Lot Area556,392 sqft (12.7 acres)
View / LotHighway
Total Buildings15 Buildings

Utilities, Heating & Cooling

Cooling SystemPackage A/C
Heating SystemHVAC
SewerMunicipal

Location & Zoning

Street Address637 S 48TH ST
CityTEMPE
StateAZ
Zip85281-2328
Property CategoryCommercial
Property TypeCommercial > Office > Commercial Office
Local Zoning CodeI-1
Legal DescriptionAIRPORT BUSINESS CENTER MCR 482-46
Legal Range4E
Legal Township1N
Legal Section17
Legal SubdivisionAIRPORT BUSINESS CENTER
Legal Lot Number2
JurisdictionMARICOPA AZ
Township / Civil DivisionPHOENIX
Census Block Group1
Census Block1003
Census Tract319710

Owner

Source: Maricopa County records, as of March 23, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of RecordCompany Name on Record
Mailing Address3190 CLEARVIEW WAY, 200, SAN MATEO, CA 94402-3751
Owner TypeCompany

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed NamesName on Deed
Last SaleMay 8, 2006 · Amount on Record
Deed SaleMay 8, 2006 · Amount on Record
Prior SaleMar 23, 2006 · Amount on Record
Deed Document Number2006618931
Record UpdatedJun 8, 2026

July 2021: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionMARICOPA AZ
Property Address637 S 48TH ST, TEMPE, AZ 85281-2328
Transaction TypeMortgage
Record UpdatedMar 5, 2024
Title CompanyFIRSTAMERICAN TITLE COMPANY, FIRST AMERICAN TITLE COMPANY

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number0000773171
DateJul 16, 2021
Instrument20210773171
Lender
NameBOSTON PRIVATE BANK & TRUST COMPANY
TypeBank
AddressSAN MATEO, CA 94402
Agreement
TypeLine of Credit
AmountAmount Recorded
Interest
Rate TypeAdjustable Rate
Change FrequencyMonthly

Tax Assessment & Valuation

Source: Maricopa County assessment roll, as of October 22, 2025

Property Jurisdictions

TypeName
StateArizona
CountyMaricopa County
MunicipalityTempe City
Elementary School DistrictTempe School District (PK - 08)
Secondary School DistrictTempe Union High School District (09 - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2026$2,259,913 (+54.08%)$14,580,082 (+59.05%) Land $7,925,800 Building $6,654,282
2025$175,805.00 (-10.31%)$1,466,753 (-2.62%)$9,167,207 (+0.43%) Land $2,645,500 Building $6,521,707
2024$1,506,171$9,128,308 Land $2,405,000 Building $6,723,308
2023$196,012.00

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective October 2, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
moderate risk
500-Year FloodplainYes
0.2% annual chance
Flood Insurance RequirementNot required
lenders may require it
Community Rating SystemClass 5 (25% premium discount)
Nearby Flood Policies1 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemCITY OF TEMPE
serves 165,000 people · EPA ID AZ0407100
Water SourceSurface water
Last State InspectionMar 2026
Lead4 ppb (2022–2024)
action level 15 ppb

Violations Reported to EPA

Water QualityTotal trihalomethanes
resolved · Apr 2017
Treatment and ProcedureTreatment report not submitted
Oct 2017
Monitoring and ReportingNone
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 57 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Tristate Wi-Fi by Wi-Fiber
Fixed Wireless
400 / 400
AirFiber WISP
Fixed Wireless
100 / 25
AT&T
Fixed Wireless
100 / 20

May also be available: CenturyLink, Verizon.

Nearby Properties on S 48th St

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