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Property profile & analytics
OFF-MARKET
Estimated value
$15,605,000
Automotive properties
2077 University Dr Tempe, AZ 85288-4604
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-1293583
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1997
Construction
CONCRETE
Total area
15,663 SF
Lot
2.68 ac (116,697 SF)
Zoning code
C-G
APN
132-68-003C
UPID
US07-1293583
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
-
Tesla Service Center Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.40M
Blend (final)
Blend
$15.61M
Owner & transaction history
Ffp Tempe LLC · 5 yrs held
Ffp Tempe LLC
since 2020
Last sale
$13.5M
7 recorded transactions
Zoning & alternative use
C-G · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.9M
+1.4%
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
$18,225,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$10,765,000
Current use
RESTAURANT
$10,920,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$15.61M
Range $14.04M – $17.17M · ±10% · vs last sale $13.50M (Sep 30 2020)
Last sale anchor
$13.50M
Sep 30 2020
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
$996 / 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
$108,584
Tax year 2023
Assessed value
$1,627,157
Assessed 2024
Previous assessed
$1,457,801
+11.6% YoY
Effective rate
6.67%
On assessed value
Land market value
$3,851,000
Improvement market value
$6,010,557
Total market value
$9,861,557
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
15,663 SF
Lot
2.68 ac (116,697 SF)
Zoning code
C-G
APN
132-68-003C
UPID
US07-1293583
Jurisdiction
MARICOPA
Zoning & alternative use
C-G · Tempe, AZ
Zoning C-G · permitted uses
C-G · 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
AUTO REPAIR, GARAGE Current
Est. value
$10.8M
RESTAURANT
Est. value
$10.9M
AUTO REPAIR, GARAGE Current
RESTAURANT
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
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
2.68 ac
Current owner
From public records · entity-resolved
Ffp Tempe LLC
Entity
Mailing address
545 STEVENS AVE W, SOLANA BEACH, CA 92075-2043
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2021
—
Ssv Tempe LLC
—
Deed
related
$7,000,000 · Bankers Trust Company NA
Sep 30, 2020
$13,500,000
Ffp Tempe LLC
1125 North Fairfax LLC
Grant Deed
—
May 10, 2017
—
1125 North Fairfax LLC
—
Deed
related
$5,000,000 · Bankers Tr
Jan 29, 2016
$8,589,213
1125 North Fairfax LLC
Wpc University Tsc LLC
Special Warranty Deed
$4,300,000 · Western Alliance Bank
Nov 13, 2015
$3,600,000
Wpc University Tsc LLC
Essex Scot LLC
Special Warranty Deed
$3,960,000 · Western Alliance Bank
Mar 11, 2015
—
Essex Scot LLC
Essex Scot LLC
Intrafamily Transfer
related
$1,230,000 · California United Bank
May 6, 2014
$2,050,000
Essex-scot LLC
Newport Associates INC
Grant Deed
—
Apr 10, 1998
$2,310,160
Newport Assoc INC
Arron Rents INC
Grant Deed
$1,710,160 · Seller
Feb 14, 1996
—
James M Nakatsu
James M Nakatsu
Quit Claim Deed
related
—
Feb 14, 1996
$365,000
Aaron Rents INC
James M Nakatsu
Trustees Deed
—
Mar 4, 1993
—
Ruth,h Nakatsu Trust
Nakatsu Trust
Quit Claim Deed
related
—
—
—
Newport Associates INC
—
Deed Of Trust
related
$850,000 · Denise Puccinelli
—
—
1125 North Fairfax LLC
—
Deed Of Trust
related
$5,000,000 · Bankers Tr
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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