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Property profile & analytics
OFF-MARKET
Estimated value
$169,155,000
Specialty properties
1831 Apache Blvd, Tempe, AZ 85281-6011
Entity Owned
4-yr Hold
Property ID
US07-2550844
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2017
Construction
STEEL FRAME
Total area
10,314 SF
Lot
13.27 ac (577,874 SF)
Zoning code
MU-4
APN
133-04-016
UPID
US07-2550844
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Boat Rentals | Az Boat adventures Boat Rental Service
-
Parking spot Apartment Building
-
Nanjing Liming Bio-products Co., Ltd. Medical Supply Store
-
Skye at McClintock Station Apartment Complex Apartment Rental Agency
-
Kasa Tempe Apache District Apartments Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$205.29M
Blend (final)
Blend
$169.16M
Owner & transaction history
Jb Skye LLC · 4 yrs held
Jb Skye LLC
since 2021
Last sale
$160.0M
4 recorded transactions
Zoning & alternative use
MU-4 · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tempe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tempe submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$130,755,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$114,125,000
Current use
Blend value · Realmo final
$169.16M
Range $152.24M – $186.07M · ±10% · vs last sale $160.00M (Oct 25 2021)
Last sale anchor
$160.00M
Oct 25 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$16,401 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$717,422
Tax year 2023
Assessed value
$16,108,520
Assessed 2024
Previous assessed
$11,846,810
+36.0% YoY
Effective rate
4.45%
On assessed value
Land market value
$32,217,000
Improvement market value
$128,868,200
Total market value
$161,085,200
Applied tax rate
31,600.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
NONE
Buildings
14
Stories
2
Units
5
Total area
10,314 SF
Lot
13.27 ac (577,874 SF)
Zoning code
MU-4
APN
133-04-016
UPID
US07-2550844
Jurisdiction
MARICOPA
Zoning & alternative use
MU-4 · Tempe, AZ
Zoning MU-4 · permitted uses
MU-4 · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tempe. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$114.1M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Construction
STEEL FRAME
Heating
NONE
Stories
2
Buildings
14
Units
5
Lot
13.27 ac
Current owner
From public records · entity-resolved
Jb Skye LLC
Entity
Mailing address
10610 S JORDAN GTWY STE #200, SOUTH JORDAN, UT 84095-3948
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2025
—
Jb Skye LLC
—
Deed
related
$90,935,000 · Newpoint Real Estate Capital LLC
Oct 25, 2021
$160,000,000
Jb Skye LLC
Bazv Tempo LLC
Special Warranty Deed
$91,377,000 · Pgim Real Estate Finance LLC
Feb 28, 2019
$89,200,000
Bazv Tempo LLC
P7 Mcclintock Station Owne
Trustees Deed
$72,464,974 · X Wh Redf2-tse Seller LLC
May 3, 2016
—
P7 Mcclintock Stn Owner LLC
—
Grant Deed
related
$45,188,500 · Wells Fargo Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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