COMPUTE SYSTEM WITH THEFT ALERT MECHANISM AND METHOD OF OPERATION THEREOF

A method of operation of a compute system includes: receiving a vehicle-related sensor reading in a real-time; determining in the real-time a theft level indicator for a vehicle based on the vehicle-related sensor reading; generating a theft alert based on the theft level indicator being a priority event; analyzing the vehicle-related sensor reading with a theft risk model to generate the theft alert when the theft level indicator is a non-priority event; and communicating the theft alert for displaying on a device