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Property profile & analytics
OFF-MARKET
Commercial land
2306 Apache Blvd Tempe, AZ 85288-4920
Entity Owned
17-yr Hold
Free & Clear
Property ID
US07-3292549
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.88 ac (38,267 SF)
Zoning code
R1-6
APN
135-41-035G
UPID
US07-3292549
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
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
Apache Park LLC · 17 yrs held
Apache Park LLC
since 2009
2 recorded transactions
Zoning & alternative use
R1-6 · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
er open areas between buildings and structures . Section 2-102 - Residential Districts. Residential districts include the following: A. Agricultural (AG) B. Single-Family Residential (includes: R1-15, R1-10, R1-8, R1-7, R1-6, R1-5, and R1-4) C. Single-Family Residential Planned Area Development (R1-PAD) (requires a PAD Overlay) D. Multi-Family Residential (R…
Zone name
Single Family Residential
General category
CIVIC_INSTITUTIONAL
Zone area
5,024.61 ac
Source
zoning and development code
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
$3,522
Tax year 2023
Assessed value
$76,065
Assessed 2024
Previous assessed
$64,470
+18.0% YoY
Effective rate
4.63%
On assessed value
Land market value
$507,100
Total market value
$507,100
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.88 ac (38,267 SF)
Zoning code
R1-6
APN
135-41-035G
UPID
US07-3292549
Jurisdiction
MARICOPA
Zoning & alternative use
R1-6 · Tempe, AZZoning R1-6 · permitted uses
R1-6 · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
er open areas between buildings and structures . Section 2-102 - Residential Districts. Residential districts include the following: A. Agricultural (AG) B. Single-Family Residential (includes: R1-15, R1-10, R1-8, R1-7, R1-6, R1-5, and R1-4) C. Single-Family Residential Planned Area Development (R1-PAD) (requires a PAD Overlay) D. Multi-Family Residential (R-2) E. Multi-Family Residential Restricted (R-3R) F. Multi-Family Residential Limite
Zone name
Single Family Residential
General category
CIVIC_INSTITUTIONAL
Zone area
5,024.61 ac
Source
zoning and development code
Building & site characteristics
From public records
Heating
NONE
Lot
0.88 ac
Current owner
From public records · entity-resolved
Apache Park LLC
Entity
Free & Clear · 17 yrs held
Mailing address
PO BOX 7699, TEMPE, AZ 85281-0024
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2009
$220,000
Apache Park LLC
Laroche,rodney L
Grant Deed
—
Aug 8, 2005
$160,000
Rodney L Laroche
Koehlmoos Family Trust
Warranty Deed
$145,000 · Koehlmoos Family Trust (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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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