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Property profile & analytics
OFF-MARKET
Estimated value
$29,235,000
Strip malls
1301 University Dr Tempe, AZ 85288-8405
Trust Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-1028130
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
CONCRETE
Total area
42,584 SF
Lot
3.39 ac (147,783 SF)
Zoning code
PCC-1
APN
132-59-054
UPID
US07-1028130
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
-
Sustainable Aesthetics Gym & Fitness Center Training Center
-
LibertyX Bitcoin ATM Atm
-
RockItCoin Bitcoin ATM Atm
-
skywater smoke shop tempe (Bike/Boat/Book/etc) Store
-
Nancy Ashby Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$29.98M
Blend (final)
Blend
$29.24M
Owner & transaction history
Rosenberg,f & A Family Trust · 6 yrs held
Rosenberg,f & A Family Trust
since 2019
7 recorded transactions
Zoning & alternative use
PCC-1 · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$29.7M
+38.8%
Auto repair, garage
$29.3M
+36.9%
Retail stores
$22.4M
+4.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$21,380,000
Current use
RESTAURANT
$29,685,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$29,275,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$22,425,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$29.24M
Range $26.31M – $32.16M · ±10%
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
$687 / 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
$69,938
Tax year 2023
Assessed value
$1,507,671
Assessed 2024
Previous assessed
$1,362,329
+10.7% YoY
Effective rate
4.64%
On assessed value
Land market value
$4,876,800
Improvement market value
$4,260,600
Total market value
$9,137,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
42,584 SF
Lot
3.39 ac (147,783 SF)
Zoning code
PCC-1
APN
132-59-054
UPID
US07-1028130
Jurisdiction
MARICOPA
Zoning & alternative use
PCC-1 · Tempe, AZ
Zoning PCC-1 · permitted uses
PCC-1 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$21.4M
RESTAURANT
Est. value
$29.7M
AUTO REPAIR, GARAGE
Est. value
$29.3M
RETAIL STORES
Est. value
$22.4M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1987
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
3.39 ac
Current owner
From public records · entity-resolved
Rosenberg,f & A Family Trust
Trust
Free & Clear · 6 yrs held
Mailing address
9393 N 90TH ST STE #207, SCOTTSDALE, AZ 85258-5043
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2019
—
Rosenberg,f & A Family Trust
Rosenberg,frank & Amanda
Quit Claim Deed
related
—
Aug 23, 1994
—
Tiburon Investments INC
Martin Bloom Inv
Grant Deed
related
—
Jul 28, 1994
—
Tiburon Investments INC
Martin Bloom Inv
Grant Deed
related
—
Jul 14, 1994
$1,150,000
Martin Bloom Investments INC
Rtc
Grant Deed
—
Mar 5, 1993
$1,295,000
Rtc
Aztech Court LP
Grant Deed
—
Dec 11, 1991
$2,985,000
Great Silver Sta
Financial Americ
Grant Deed
—
Mar 21, 1991
$2,960,000
Financial Americ
Aztech Court Ltd
Grant Deed
related
$250,000 · Seller
Feb 8, 1990
$2,628,628
Court Lim Aztech
East Hill Vlg Lt
Grant Deed
—
Jun 20, 1988
$2,628,628
Hill Vlg Lt East
Aztec
Grant Deed
—
—
—
Great Silver State Management
—
Deed Of Trust
related
$25,000
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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