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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Strip malls
2155 University Dr Tempe, AZ 85288-4687
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-0714123
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
CONCRETE
Total area
20,784 SF
Lot
3.37 ac (146,754 SF)
Zoning code
CSS
APN
132-69-002X
UPID
US07-0714123
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
-
Nappy by Nature Hair & Barber Lounge Barber Shop
-
MaxFit Group Fitness Gym & Fitness Center
-
ABD Wellness LLC Gym & Fitness Center Alternative Medicine Practice
-
SOUTHWEST Pianos (Bike/Boat/Book/etc) Store
-
Reality Simulations Inc Electronics & Wireless Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.87M
Owner & transaction history
2155 E University Patrick LLC · 5 yrs held
2155 E University Patrick LLC
since 2021
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
CSS · 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
$90 / 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
$68,966
Tax year 2023
Assessed value
$1,542,001
Assessed 2024
Previous assessed
$1,386,707
+11.2% YoY
Effective rate
4.47%
On assessed value
Land market value
$4,842,800
Improvement market value
$4,502,661
Total market value
$9,345,461
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
3
Stories
2
Units
3
Total area
20,784 SF
Lot
3.37 ac (146,754 SF)
Zoning code
CSS
APN
132-69-002X
UPID
US07-0714123
Jurisdiction
MARICOPA
Zoning & alternative use
CSS · Tempe, AZ
Zoning CSS · permitted uses
CSS · 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
1986
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Buildings
3
Units
3
Lot
3.37 ac
Current owner
From public records · entity-resolved
2155 E University Patrick LLC
Entity
Mailing address
4835 E CACTUS RD STE #325, SCOTTSDALE, AZ 85254-3547
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2021
—
2155 E University Patrick LLC
2155 E University LLC
Intrafamily Transfer
related
$1,326,007 · Premier Valley Bank
Mar 3, 2017
—
2155 E University LLC
—
Deed
related
$282,500 · Founders Community Bank
Nov 5, 2013
$1,144,230
2155 E University LLC
Commons,kim & Trisha
Warranty Deed
—
Sep 24, 2007
—
Kim S Commons
—
Trustees Deed
related
$100,000 · John S II Nierad
Mar 27, 2007
—
Kim S Commons
—
Trustees Deed
related
$409,000 · John S II Nierad
Sep 25, 1998
$382,560
Commons,kim & Trisha
Britton,fred & Margaret
Trustees Deed
$137,755 · Seller
Apr 1, 1996
$65,000
Kim Commons
Britton Trust
Grant Deed
$55,095 · Seller
Dec 3, 1992
$525,000
Kim Commons
Rtc
Grant Deed
$446,250
Jun 24, 1988
—
Pioneer Savings
—
Deed Of Trust
related
—
—
—
2155 E University LLC
—
Deed Of Trust
related
$750,000 · Arizona Bank & Trust
—
—
Amberlea Del Pueblo Ltd
—
Deed Of Trust
related
$40,200 · State Savings Mortgage Co
—
—
Kim S Commons
—
Deed Of Trust
related
$300,000 · John S II Nierad
—
—
Kim S Commons
—
Deed Of Trust
related
$325,000 · John S II Nierad
—
—
Amberlea Del Pueblo Ltd
—
Deed Of Trust
related
$40,200 · State Savings Mortgage 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.
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