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Property profile & analytics
OFF-MARKET
Retail space
1602 Scottsdale Rd Tempe, AZ 85288-1512
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0836430
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2020
Construction
CONCRETE
Total area
828 SF
Lot
0.73 ac (31,800 SF)
Zoning code
CSS
APN
132-71-118B
UPID
US07-0836430
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
-
The Human Bean Cafe & Coffee Shop
-
Top Fuel Espresso Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Scott A Martin · 4 yrs held
Scott A Martin
since 2021
Last sale
$2.8M
7 recorded transactions
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$14,084
Tax year 2023
Assessed value
$204,978
Assessed 2024
Previous assessed
$158,984
+28.9% YoY
Effective rate
6.87%
On assessed value
Land market value
$840,600
Improvement market value
$401,690
Total market value
$1,242,290
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2020
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
828 SF
Lot
0.73 ac (31,800 SF)
Zoning code
CSS
APN
132-71-118B
UPID
US07-0836430
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
2020
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Scott A Martin
Individual
Mailing address
712 N FOOTHILLS E CIR, PAYSON, AZ 85541-6108
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2021
$2,837,126
Scott A Martin
Barea Real Estate INC
Special Warranty Deed
—
Aug 27, 2020
$2,282,000
Barea Real Estate INC
Scottsdale & Hancock LLC
Warranty Deed
—
Nov 18, 2019
—
Scottsdale & Hancock LLC
—
Deed
related
$1,100,000 · Basea LLC
Apr 3, 2019
—
Scottsdale & Hancock LLC
—
Deed
related
$1,100,000 · Dh Trust (pt)
Feb 13, 2019
—
Scottsdale & Hancock LLC
—
Deed
related
$1,100,000 · Dh Trust (pt)
Feb 8, 2019
$850,000
Scottsdale & Hancock LLC
Vantage Capital LLC
Grant Deed
$900,000 · Colonial Cap
Nov 8, 2018
$775,000
Vantage Capital LLC
Scottsdale & Hancock LLC
Grant Deed
—
Nov 20, 2017
—
Scottsdale & Hancock LLC
—
Deed
related
$200,000 · Robert J Glovitz
Mar 21, 2017
$1,256,000
Scottsdale & Hancock LLC
Moondance LLC
Special Warranty Deed
$560,000 · Capital Fund I LLC
Oct 6, 2014
$686,000
Moondance LLC
Diamondstein,sidney J
Grant Deed
—
Dec 1, 1993
$145,000
Sidney J Diamondstein
Provident Bank T
Grant Deed
$105,000 · Bank Of Scottsdale
—
—
Scottsdale & Hancock LLC
—
Deed Of Trust
related
$1,100,000 · Dh Trust (pt)
—
—
Scottsdale & Hancock LLC
—
Deed Of Trust
related
$1,100,000 · Dh Trust (pt)
—
—
Scottsdale & Hancock LLC
—
Deed Of Trust
related
$1,100,000 · Basea LLC
—
—
Scottsdale & Hancock LLC
—
Loan Modification
related
$1,540,232 · Dh Trust (ct)
—
—
Scottsdale & Hancock LLC
—
Deed Of Trust
related
$200,000 · Robert J Glovitz
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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