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Property profile & analytics
OFF-MARKET
Estimated value
$9,170,000
Strip malls
1630 Apache Blvd Tempe, AZ 85281-5997
Entity Owned
26-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-2712369
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
CONCRETE
Total area
12,192 SF
Lot
0.99 ac (43,228 SF)
Zoning code
CSS
APN
132-61-086A
UPID
US07-2712369
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
-
Mazaj Hookah Lounge Bar & Pub (Bike/Boat/Book/etc) Store
-
Erus energy Solar Energy Company
-
Royal Cutz Barber and Salon Barber Shop
-
Full Swing Solutions Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.40M
Blend (final)
Blend
$9.17M
Owner & transaction history
1630 Apache Corp · 26 yrs held
1630 Apache Corp
since 1999
5 recorded transactions
Zoning & alternative use
CSS · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.5M
+38.8%
Auto repair, garage
$8.4M
+36.9%
Retail stores
$6.4M
+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
$6,120,000
Current use
RESTAURANT
$8,500,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,380,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$6,420,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$9.17M
Range $8.25M – $10.09M · ±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
$752 / 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
$26,379
Tax year 2023
Assessed value
$472,814
Assessed 2024
Previous assessed
$412,233
+14.7% YoY
Effective rate
5.58%
On assessed value
Land market value
$1,454,400
Improvement market value
$1,411,138
Total market value
$2,865,538
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
PACKAGE
Cooling
YES
Stories
1
Total area
12,192 SF
Lot
0.99 ac (43,228 SF)
Zoning code
CSS
APN
132-61-086A
UPID
US07-2712369
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.1M
RESTAURANT
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$8.4M
RETAIL STORES
Est. value
$6.4M
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
PACKAGE
Cooling
Yes
Stories
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
1630 Apache Corp
Entity
Mailing address
640 E MAIN ST #466, MESA, AZ 85203-8768
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2004
—
1630 Apache LLC
—
Deed Of Trust
related
$11,150,000 · Amelgamated Bank Of Chicago
Aug 6, 1999
—
1630 Apache Corp
Mile Co Co
Grant Deed
$578,000 · Tcf National Bank Illinois
May 15, 1996
$270,000
The Mile Co
Simon & Amal Zarife
Grant Deed
—
Feb 2, 1990
$280,000
United Sta First
Torres
Grant Deed
related
—
Dec 30, 1988
$400,000
Choate John T
—
Deed Of Trust
related
$348,000 · First U S Cu
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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