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Property profile & analytics
OFF-MARKET
Estimated value
$24,270,000
Specialty properties
1801 Cutler Dr, Tempe, AZ 85281-6215
Entity Owned
4-yr Hold
Property ID
US07-0394968
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1962
Construction
CONCRETE
Total area
1,447 SF
Lot
7.17 ac (312,325 SF)
Zoning code
R-3
APN
124-75-042F
UPID
US07-0394968
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
-
Parkside Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$25.23M
Blend (final)
Blend
$24.27M
Owner & transaction history
Devistar II Properties LLC · 4 yrs held
Devistar II Properties LLC
since 2021
7 recorded transactions
Zoning & alternative use
R-3 · 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
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$16,010,000
Current use
Blend value · Realmo final
$24.27M
Range $21.84M – $26.70M · ±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
$16,773 / 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
$56,803
Tax year 2023
Assessed value
$1,979,530
Assessed 2024
Previous assessed
$1,336,180
+48.1% YoY
Effective rate
2.87%
On assessed value
Land market value
$3,959,000
Improvement market value
$15,836,300
Total market value
$19,795,300
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1962
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
19
Stories
1
Units
100
Total area
1,447 SF
Lot
7.17 ac (312,325 SF)
Zoning code
R-3
APN
124-75-042F
UPID
US07-0394968
Jurisdiction
MARICOPA
Zoning & alternative use
R-3 · Tempe, AZ
Zoning R-3 · permitted uses
R-3 · 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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$16.0M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
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
1962
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
19
Units
100
Lot
7.17 ac
Current owner
From public records · entity-resolved
Devistar II Properties LLC
Entity
Mailing address
605 WENDELL DR, CAMPBELL, CA 95008-6506
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2021
—
Devistar II Properties LLC
Devistar II Properties LLC
Intrafamily Transfer
related
$6,900,000 · Pacific Premier Bank
Mar 31, 2017
—
Devistar II Properties LLC
Clear Sky Capital Padkside LP
Special Warranty Deed
$6,810,000
Jun 5, 2014
$5,950,000
Clear Sky Capital Parkside LP
North Street Associates LLC
Special Warranty Deed
$4,960,000 · The Bancorp Bank
Jul 10, 2001
$3,625,000
Zipco Nf Investments LLC
Prime Protfolio LP
Grant Deed
$3,515 · Bank Of America
Mar 31, 2000
$2,976,600
Prime Portfolio LP
Independent Order Of Foresters
Grant Deed
$39,600,000 · Cdc Mortgage Capital INC
Apr 23, 1999
—
State Street Bank & Trust Co
Citibank NA Trustee
Grant Deed
related
—
Jan 12, 1989
—
Citibank Tr
Unknown
Grant Deed
related
—
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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