Property profile

1212 Apache Blvd Tempe, AZ 85281

OFF-MARKET
Strip malls
Property ID
US07-0262197
10,713 SF 1.16 ac lot Built 1988
Entity Owned 13-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1988
Construction CONCRETE
Total area 10,713 SF
Lot 1.16 ac (50,608 SF)
Zoning code CSS
APN 132-73-132E
UPID US07-0262197

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Restaurant Take-out & Catering
  • Tattoo & Piercing Shop

Location

1212 Apache Blvd Tempe, AZ 85281-5838
Tempe metro Census 319101 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.83M
Blend (final) Blend
$1.52M

Owner & transaction history

since 2013
7 recorded transactions
2018
Price N/A
2013
$1.5M
2011
$955,000
2005
Price N/A
2001
Price N/A
1999
$920,000
1999
$768,000

Zoning & alternative use

CSS · Tempe, AZ
Zoning description

balconies, pedestrian arcades, covered (non-enclosed) bicycle parking and similar architectural features placed on or in front of the street-facing side of the building are allowed within the setback. d Properties zoned…

General category COMMERCIAL
Top alternative use upside
Restaurant $7.5M +38.8%
Auto repair, garage $7.4M +36.9%
Retail stores $5.6M +4.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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