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Property profile & analytics
OFF-MARKET
Estimated value
$7,090,000
Specialty properties
1207 8th St, Tempe, AZ 85281-7343
Entity Owned
4-yr Hold
Property ID
US07-1037969
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1998
Construction
STEEL FRAME
Total area
947 SF
Lot
0.25 ac (10,981 SF)
Zoning code
R-4
APN
132-73-033
UPID
US07-1037969
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
-
Give Globally Foundation Charitable Organization
-
Krishna Church Mosque
-
The Rockford Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.09M
Owner & transaction history
Paul Adams Palms LLC · 4 yrs held
Paul Adams Palms LLC
since 2021
Last sale
$7.6M
7 recorded transactions
Zoning & alternative use
R-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
$6,170,000
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
$10,480,000
Current use
Blend value · Realmo final
$7.09M
Range $6.38M – $7.80M · ±10% · vs last sale $7.55M (Jul 12 2021)
Last sale anchor
$7.55M
Jul 12 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
$7,487 / 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
$48,810
Tax year 2023
Assessed value
$1,201,860
Assessed 2024
Previous assessed
$938,420
+28.1% YoY
Effective rate
4.06%
On assessed value
Land market value
$655,700
Improvement market value
$11,362,900
Total market value
$12,018,600
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
1998
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
4
Stories
1
Units
43
Total area
947 SF
Lot
0.25 ac (10,981 SF)
Zoning code
R-4
APN
132-73-033
UPID
US07-1037969
Jurisdiction
MARICOPA
Zoning & alternative use
R-4 · Tempe, AZ
Zoning R-4 · permitted uses
R-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
$10.5M
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
1998
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
4
Units
43
Lot
0.25 ac
Current owner
From public records · entity-resolved
Paul Adams Palms LLC
Entity
Mailing address
1221 11TH ST, MANHATTAN BEACH, CA 90266-6025
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2021
—
Paul Adams Palms LLC
Paul Adams Palms LLC
Intrafamily Transfer
related
—
Jun 30, 2021
—
Paul Adams Palms LLC
—
Deed
related
$6,244,000 · California Coast Cu
Jan 16, 2020
$7,550,000
Paul Adams Palms LLC
University Palms Apartments LLC
Special Warranty Deed
$5,700,000 · Civic Financial Services LLC
Jul 8, 1998
—
Calle Del Lecheria LLC
8th Street Partnership
Grant Deed
$2,000,000 · M & I Thunderbird Bank
Apr 24, 1996
$108,000
John G Bebbling
College Real Estate Found
Grant Deed
—
—
—
College Of William & Mary Real E
—
Deed Of Trust
related
—
—
—
8th Street Partnership
—
Deed Of Trust
related
—
—
—
8th Street Partnership
—
Deed Of Trust
related
—
—
—
Arizona State University Foundat
—
Deed Of Trust
related
—
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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