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Property profile & analytics
OFF-MARKET
Estimated value
$5,130,000
Grocery and convenience stores
2150 University Dr, Tempe, AZ 85288-4607
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1698518
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2011
Construction
CONCRETE
Total area
5,600 SF
Lot
1.97 ac (85,738 SF)
Zoning code
GID
APN
132-37-182
UPID
US07-1698518
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
-
Apparel Pro Scrubs & Medical (Bike/Boat/Book/etc) Store
-
QuikTrip Grocery & Convenience Store
-
Western Union Bank Credit Union
-
V & G Auto Accessories LLC Factory Production Facility
-
Estes Kitchen Remodeling Hardware & Home Improvement Kitchen & Bath Showroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.67M
Blend (final)
Blend
$5.13M
Owner & transaction history
Qt1400 LLC · 4 yrs held
Qt1400 LLC
since 2021
Last sale
$5.8M
7 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.9M
+38.8%
Auto repair, garage
$3.9M
+36.9%
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
$4,755,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,905,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,850,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$5.13M
Range $4.62M – $5.64M · ±10% · vs last sale $5.82M (Dec 28 2021)
Last sale anchor
$5.82M
Dec 28 2021
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
$916 / 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
$34,295
Tax year 2023
Assessed value
$733,576
Assessed 2024
Previous assessed
$669,579
+9.6% YoY
Effective rate
4.68%
On assessed value
Land market value
$2,829,300
Improvement market value
$1,616,617
Total market value
$4,445,917
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2011
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
5,600 SF
Lot
1.97 ac (85,738 SF)
Zoning code
GID
APN
132-37-182
UPID
US07-1698518
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.9M
RESTAURANT
AUTO REPAIR, GARAGE
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
2011
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
1.97 ac
Current owner
From public records · entity-resolved
Qt1400 LLC
Entity
Mailing address
PO BOX 3475, TULSA, OK 74101-3475
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2022
—
Qt1400 LLC
—
Deed
related
$3,600,000 · Farm Bureau Life Insurance Company
Dec 28, 2021
$5,820,000
Qt1400 LLC
Quiktrip Corporation
Special Warranty Deed
—
Sep 14, 2021
$5,622,678
Quiktrip Corporation
I 4sher LLC
Special Warranty Deed
—
Sep 8, 2015
—
Dewey,robert Family Trust
Dewey Living Trust
Quit Claim Deed
—
May 26, 2015
—
Sherry L Carlo
Dewey Robert
Affidavit Of Death
related
—
Mar 13, 2015
—
4sher LLC
Carlo Sherry
Quit Claim Deed
related
—
Dec 27, 2012
—
Sherry Carlo
Dewey Living Trust
Warranty Deed
—
Apr 11, 2012
$4,347,733
Robert Dewey
Quicktrip Corporation
Special Warranty Deed
$1,300,000 · Bank Of Arizona NA
Dec 10, 2010
$1,500,000
Quiktrip Corp
University LLC
Grant Deed
—
Aug 28, 2009
—
University LLC
Mason,david S & Diana S
Grant Deed
related
—
—
—
1 4sher LLC
—
Deed Of Trust
related
$1,300,000 · Miscellaneous Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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