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Property profile & analytics
OFF-MARKET
Estimated value
$6,340,000
Outlet malls
1805 Baseline Rd Tempe, AZ 85283-1522
Entity Owned
25-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0471487
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1974
Construction
CONCRETE
Total area
24,190 SF
Lot
2.21 ac (96,485 SF)
Zoning code
PCC-1
APN
301-01-006H
UPID
US07-0471487
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
-
Peter Piper Pizza Restaurant
-
Valley Ace Hardware Building Supply Hardware & Home Improvement
-
Sherwin-Williams Paint Store Hardware & Home Improvement Building Supply
-
KeyExpress Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
AZ ballroom dancing DJ & Entertainment Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.40M
Blend (final)
Blend
$6.34M
Owner & transaction history
Peter Piper Plaza II INC · 25 yrs held
Peter Piper Plaza II INC
since 2001
7 recorded transactions
Zoning & alternative use
PCC-1 · 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
$6.34M
Range $5.71M – $6.97M · ±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
$262 / 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
$30,987
Tax year 2023
Assessed value
$479,163
Assessed 2024
Previous assessed
$430,066
+11.4% YoY
Effective rate
6.47%
On assessed value
Land market value
$1,446,100
Improvement market value
$1,457,918
Total market value
$2,904,018
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1974
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
24,190 SF
Lot
2.21 ac (96,485 SF)
Zoning code
PCC-1
APN
301-01-006H
UPID
US07-0471487
Jurisdiction
MARICOPA
Zoning & alternative use
PCC-1 · Tempe, AZ
Zoning PCC-1 · permitted uses
PCC-1 · 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
1974
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.21 ac
Current owner
From public records · entity-resolved
Peter Piper Plaza II INC
Entity
Mailing address
1136 W BASELINE RD, MESA, AZ 85210-5971
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
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
Apr 27, 2012
—
Baseline Plaza LLC
—
Deed Of Trust
related
$3,950,000 · Riversource Life Insurance
Feb 7, 2001
—
Peter Piper Plaza II INC
University Central Center Corp
Grant Deed
$1,000,000 · American Centurion Life Assura
Dec 21, 2000
—
Peter Piper Plaza II INC
Unversity Central Center Corp
Grant Deed
related
—
Sep 19, 2000
$1,200,000
University Central Center Corp
Pacific Realty Associates LP
Trustees Deed
—
Sep 19, 2000
—
Pacific Realty Associates LP
Property Development Associate
Trustees Deed
related
—
Jan 31, 1990
$446,667
Property Develop
Caspe
Trustees Deed
—
Jan 31, 1990
$223,333
Property Develop
Spilka
Trustees Deed
—
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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