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Property profile & analytics
OFF-MARKET
Warehouses
1964 University Dr, Tempe, AZ 85288-4603
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-3228136
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1977
Construction
CONCRETE
Total area
7,800 SF
Lot
3.14 ac (136,885 SF)
Zoning code
GID
APN
132-39-009B
UPID
US07-3228136
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
-
Extra Space Storage Storage Facility
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
Rpc Southwest Storage Portfolio LLC · 2 yrs held
Rpc Southwest Storage Portfolio LLC
since 2023
Last sale
$20.3M
7 recorded transactions
Zoning & alternative use
GID · 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
$43,378
Tax year 2023
Assessed value
$1,284,723
Assessed 2024
Previous assessed
$880,923
+45.8% YoY
Effective rate
3.38%
On assessed value
Land market value
$4,517,200
Improvement market value
$3,269,000
Total market value
$7,786,200
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Construction
CONCRETE
Heating
NONE
Buildings
10
Stories
1
Units
817
Total area
7,800 SF
Lot
3.14 ac (136,885 SF)
Zoning code
GID
APN
132-39-009B
UPID
US07-3228136
Jurisdiction
MARICOPA
Zoning & alternative use
GID · Tempe, AZ
Zoning GID · permitted uses
GID · 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
1977
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
10
Units
817
Lot
3.14 ac
Current owner
From public records · entity-resolved
Rpc Southwest Storage Portfolio LLC
Entity
Mailing address
2101 CEDAR SPGS RD STE #1600, DALLAS, TX 75201-2148
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2023
—
Rpc Southwest Storage Portfolio LLC
Mhc 63 Tempe Az LLC
Quit Claim Deed
related
—
Sep 25, 2023
$20,300,000
Rpc Southwest Storage Portfolio LLC
Mhc 63 Tempe Az LLC
Special Warranty Deed
—
Jan 11, 2022
—
Mhc 63 Tempe Az LLC
—
Deed
related
$615,000,000 · Jpmorgan Chase Bank NA
Jul 2, 2019
$4,497,500
Mhc 63 Tempe Az LLC
Kemf Tempe Storage LLC
Special Warranty Deed
$305,361,000 · Jpmorgan Chase Bank NA
Jun 22, 2017
—
Kemf Tempe Storage LLC
—
Deed
related
$2,475,000 · Biltmore Bk/az
Mar 9, 2017
$4,500,000
Kemf Tempe Storage LLC
Business Property Trust LLC
Grant Deed
—
Mar 9, 2017
—
Business Property Trust LLC
Aa Bargain Mini-storage LLC
Grant Deed
related
—
Jun 27, 2008
$2,513,500
Aa Bargain Mini-storage LLC
Martin,delbert J & Virginia A
Grant Deed
$1,885,125 · Delbert J & Virginia A Martin
May 21, 2008
—
Donald L Martin
Martin,mae B
Quit Claim Deed
related
—
Jan 9, 1992
—
Martin Donald
Gray
Grant Deed
related
—
Dec 30, 1991
—
Martin Delbert
Gray
Grant Deed
related
—
—
—
Aa Bargain Mini-storage LLC
—
Deed Of Trust
related
$2,800,000 · M & T Real Estate Trust
—
—
Delbert J Martin
—
Deed Of Trust
related
$250,000 · National Bank Arizona
—
—
Kemf Tempe Storage LLC
—
Deed Of Trust
related
$2,475,000 · Biltmore Bk/az
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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