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Property profile & analytics
OFF-MARKET
Estimated value
$66,165,000
Specialty properties
1221 Broadway Rd, Tempe, AZ 85282-1838
Entity Owned
4-yr Hold
Absentee Owner
Property ID
US07-2339874
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2016
Construction
STEEL FRAME
Total area
5,122 SF
Lot
7.79 ac (339,550 SF)
Zoning code
PCC-2
APN
133-30-169
UPID
US07-2339874
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
-
Tempe Monthly Parking Storage Facility
-
Volta on Broadway Apartment Complex Apartment Building
-
Crazed Oasis Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$88.41M
Blend (final)
Blend
$66.17M
Owner & transaction history
Dp Alma School Chandler Az LLC · 4 yrs held
Dp Alma School Chandler Az LLC
since 2021
Last sale
$64.8M
3 recorded transactions
Zoning & alternative use
PCC-2 · 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
$53,450,000
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
$56,675,000
Current use
Blend value · Realmo final
$66.17M
Range $59.55M – $72.78M · ±10% · vs last sale $64.75M (Jun 11 2021)
Last sale anchor
$64.75M
Jun 11 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
$12,918 / 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
$360,599
Tax year 2023
Assessed value
$6,937,630
Assessed 2024
Previous assessed
$5,171,760
+34.1% YoY
Effective rate
5.20%
On assessed value
Land market value
$13,875,200
Improvement market value
$55,501,100
Total market value
$69,376,300
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
2016
Construction
STEEL FRAME
Heating
NONE
Buildings
14
Stories
1
Units
194
Total area
5,122 SF
Lot
7.79 ac (339,550 SF)
Zoning code
PCC-2
APN
133-30-169
UPID
US07-2339874
Jurisdiction
MARICOPA
Zoning & alternative use
PCC-2 · Tempe, AZ
Zoning PCC-2 · permitted uses
PCC-2 · 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
$56.7M
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
2016
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
14
Units
194
Lot
7.79 ac
Current owner
From public records · entity-resolved
Dp Alma School Chandler Az LLC
Entity
Mailing address
6222 WILSHIRE BLVD STE #400, LOS ANGELES, CA 90048-5100
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2021
—
Dp Alma School Chandler Az LLC
Dp Bridge Wc LP
Agreement Of Sale
$78,000,000 · Citibank NA
Jun 11, 2021
$64,750,000
Dp Broadawy Tempe LLC
Dedicated Broadway Tempe LP
Special Warranty Deed
$42,000,000 · Citibank NA
Jun 19, 2017
$41,810,000
Dedicated Broadway Tempe LP
Ggt Trg Broadway Az LLC
Grant Deed
$27,176,000 · Walker & Dunlop
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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