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Property profile & analytics
FOR LEASE
Strip malls
1537 W Broadway Rd Tempe, AZ 85282
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-2324437
For Lease
1 / 7
$6,890,000
1537 W Broadway Rd, Tempe, AZ 85282
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2015
Construction
CONCRETE
Total area
7,920 SF
Lot
1.92 ac (83,762 SF)
Zoning code
MU-4
APN
123-33-062A
UPID
US07-2324437
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
-
Starbucks Cafe & Coffee Shop
-
Kalos Grill Mediterranean American Food Restaurant
-
Jersey Mike's Subs Take-out & Catering Catering Service
-
Master taco Tempe Restaurant
-
Kalos grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.89M
Blend (final)
Blend
$6.89M
Owner & transaction history
Scc Broadway Center LLC · 3 yrs held
Scc Broadway Center LLC
since 2022
6 recorded transactions
Zoning & alternative use
MU-4 · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.5M
+36.1%
Auto repair, garage
$5.4M
+34.2%
Industrial (general)
$4.7M
+15.7%
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
RESTAURANT
$5,520,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,445,000
Change: +34% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,695,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$4,170,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$6.89M
Range $6.20M – $7.58M · ±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
$870 / 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
$46,336
Tax year 2023
Assessed value
$720,974
Assessed 2024
Previous assessed
$720,974
+0.0% YoY
Effective rate
6.43%
On assessed value
Land market value
$2,094,000
Improvement market value
$2,275,537
Total market value
$4,369,537
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
For Lease
Year built
2015
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
7,920 SF
Lot
1.92 ac (83,762 SF)
Zoning code
MU-4
APN
123-33-062A
UPID
US07-2324437
Jurisdiction
MARICOPA
Zoning & alternative use
MU-4 · Tempe, AZ
Zoning MU-4 · permitted uses
MU-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
RESTAURANT
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.4M
INDUSTRIAL (GENERAL)
Est. value
$4.7M
RETAIL STORES
Est. value
$4.2M
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2015
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.92 ac
Current owner
From public records · entity-resolved
Scc Broadway Center LLC
Entity
Mailing address
3300 ENTERPRISE PKWY, BEACHWOOD, OH 44122-7200
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2022
—
Scc Broadway Center LLC
Sfb Broadway Shopping Center LLC
Quit Claim Deed
related
—
Aug 10, 2022
$7,000,000
Ssc Broadway Center LLC
Sfb Broadway Shopping Center LLC
Special Warranty Deed
—
Oct 19, 2018
$5,511,000
Sfb Broadway Shopping Center LLC
Shops At Foundationhead LLC
Special Warranty Deed
$2,604,832 · Wells Fargo Bank NA
Jul 26, 2018
—
Shops At Fountainhead LLC
—
Deed
related
$3,000,000 · Farmers & Merchants Nat'l Bk
—
—
Shops At Fountainhead LLC
—
Deed Of Trust
related
$2,500,000 · Farmers & Merchants Bk/lng Bch
—
—
Shops At Fountainhead LLC
—
Deed Of Trust
related
$3,000,000 · Farmers & Merchants Nat'l Bk
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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