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Property profile & analytics
OFF-MARKET
Estimated value
$3,980,000
Strip malls
1335 University Dr Tempe, AZ 85281-3353
Entity Owned
Absentee Owner
Free & Clear
Property ID
US07-1151927
Property summary
AI-generated overview
This exceptional retail space, located at 1335 W University Dr, Ste 3 in Tempe, Arizona, presents a fantastic leasing opportunity. Situated within a 15,300 square foot shopping center, this 1,200 square foot unit offers high visibility and accessibility in the thriving Tempe submarket of Maricopa County. Built in 1985, the property benefits from established infrastructure and a strong local presence. The space is ideal for a variety of retail uses, providing ample room for a business to flourish. The property's location in Tempe, AZ, 85281, ensures convenient access for customers and employees alike. This single-suite space within a larger shopping center offers a unique blend of independence and shared amenities. The property's address is 1335 W University Dr, Ste 3, Tempe, AZ 85281. With its strategic location and readily available space, this property represents a compelling investment for any retail business seeking a prominent presence in the dynamic Tempe market. The property is currently vacant and ready for immediate occupancy. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
CONCRETE
Total area
15,300 SF
Lot
0.3 ac (12,981 SF)
Zoning code
CSS
APN
124-74-200D
UPID
US07-1151927
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
-
Tokyo Stop Restaurant
-
Fujiya Market Grocery & Convenience Store Food Market
-
NEW TOKYO MARKET Grocery & Convenience Store Food Market
-
Anime Topia - Tempe, AZ (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
LIQUOR VILLA TEMPE (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.08M
Blend (final)
Blend
$3.98M
Owner & transaction history
RAFTER M ENTERPRISES PARTNERSHIP
RAFTER M ENTERPRISES PARTNERSHIP
Zoning & alternative use
CSS · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.98M
Range $3.58M – $4.38M · ±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
$260 / 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
$18,653
Tax year 2023
Assessed value
$205,310
Assessed 2024
Previous assessed
$178,177
+15.2% YoY
Effective rate
9.09%
On assessed value
Land market value
$81,600
Improvement market value
$1,162,700
Total market value
$1,244,300
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
15,300 SF
Lot
0.3 ac (12,981 SF)
Zoning code
CSS
APN
124-74-200D
UPID
US07-1151927
Jurisdiction
MARICOPA
Zoning & alternative use
CSS · Tempe, AZ
Zoning CSS · permitted uses
CSS · 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.
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
RAFTER M ENTERPRISES PARTNERSHIP
Individual
Free & Clear · 0 yrs held
Mailing address
1350 E CALLE DE CABALLOS, TEMPE, AZ 85284-2404
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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