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Property profile & analytics
OFF-MARKET
Estimated value
$125,210,000
Commercial land
2308 University Dr Tempe, AZ 85288
Entity Owned
8-yr Hold
Free & Clear
Property ID
US07-1040322
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1972
Total area
2,557 SF
Lot
0.36 ac (15,575 SF)
Zoning code
C-G
APN
135-39-001G
UPID
US07-1040322
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
$125.21M
Blend (final)
Blend
$125.21M
Owner & transaction history
Vanderhout Family LP · 8 yrs held
Vanderhout Family LP
since 2018
7 recorded transactions
Zoning & alternative use
C-G · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$125.21M
Range $112.69M – $137.73M · ±10%
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
$48,968 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$2,618
Tax year 2022
Assessed value
$42,105
Assessed 2024
Previous assessed
$35,685
+18.0% YoY
Effective rate
6.22%
On assessed value
Land market value
$280,700
Total market value
$280,700
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
Year built
1972
Heating
NONE
Total area
2,557 SF
Lot
0.36 ac (15,575 SF)
Zoning code
C-G
APN
135-39-001G
UPID
US07-1040322
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.
Building & site characteristics
From public records
Year built
1972
Heating
NONE
Lot
0.36 ac
Current owner
From public records · entity-resolved
Vanderhout Family LP
Entity
Free & Clear · 8 yrs held
Mailing address
10679 N FRANK LLOYD WRIGHT BLVD STE #103, SCOTTSDALE, AZ 85259-2675
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2018
—
Vanderhout Family LP
Interstate Ventures V LLC
Grant Deed
related
—
Feb 23, 2018
—
Albert J Lacanne
Interstate Ventures V LLC
Quit Claim Deed
related
—
Sep 14, 2017
—
Interstate Ventures V LP
—
Deed
related
—
Aug 10, 2016
—
Interstate Ventures V LP
—
Deed
related
$10,000,000 · Arizona Busn Bk
Jul 5, 1996
$404,865
T Northwest Properties II INC
Robert Zimmerman
Grant Deed
—
Jan 14, 1988
—
Arizona State Of
—
Deed Of Trust
related
—
—
—
Interstate Ventures V LP
—
Loan Modification
related
$10,000,000 · Arizona Busn Bk
—
—
Interstate Ventures V LP
—
Loan Modification
related
—
—
—
Robert Zimmerman
—
Deed Of Trust
related
—
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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