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Property profile & analytics
FOR SALE
Grocery and convenience stores
2309 E University Dr Tempe, AZ 85288
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-3293810
For Sale
1 / 3
Contact for pricing
2309 E University Dr, Tempe, AZ 85288
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1986
Construction
STEEL FRAME
Total area
2,497 SF
Lot
0.86 ac (37,549 SF)
Zoning code
CSS
APN
135-40-071A
UPID
US07-3293810
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
-
EM ExtraMile Grocery & Convenience Store
-
RockItCoin Bitcoin ATM Atm
-
Chevron Gas Station & Extra Mile Gas Station
-
Desert Coach Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.03M
Owner & transaction history
Goldluck LLC · 3 yrs held
Goldluck LLC
since 2023
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
CSS · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
balconies, pedestrian arcades, covered (non-enclosed) bicycle parking and similar architectural features placed on or in front of the street-facing side of the building are allowed within the setback. d Properties zoned CSS adjacent to residentially zoned properties are required a minimum ten (10) foot side yard setback on the side adjacent to the residentia…
Zone name
Commercial Shopping And Service
General category
COMMERCIAL
Zone area
420.54 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
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
$2.03M
Range $1.83M – $2.23M · ±10% · vs last sale $2.25M (Mar 13 2023)
Last sale anchor
$2.25M
Mar 13 2023
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
$813 / 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
$10,597
Tax year 2023
Assessed value
$135,377
Assessed 2024
Previous assessed
$117,198
+15.5% YoY
Effective rate
7.83%
On assessed value
Land market value
$585,800
Improvement market value
$234,667
Total market value
$820,467
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
For Sale
Year built
1986
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Total area
2,497 SF
Lot
0.86 ac (37,549 SF)
Zoning code
CSS
APN
135-40-071A
UPID
US07-3293810
Jurisdiction
MARICOPA
Zoning & alternative use
CSS · Tempe, AZZoning CSS · permitted uses
CSS · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
balconies, pedestrian arcades, covered (non-enclosed) bicycle parking and similar architectural features placed on or in front of the street-facing side of the building are allowed within the setback. d Properties zoned CSS adjacent to residentially zoned properties are required a minimum ten (10) foot side yard setback on the side adjacent to the residential property. (U) Denotes use permit requirement in these Districts. Table 5-611B - T
Zone name
Commercial Shopping And Service
General category
COMMERCIAL
Zone area
420.54 ac
Source
zoning and development code
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
Goldluck LLC
Entity
Mailing address
303 E BEATRYCE ST, TEMPE, AZ 85288-1001
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2023
$2,250,000
Goldluck LLC
A N D Realty
Special Warranty Deed
$2,020,000 · Realty LLC
Sep 13, 2019
—
A N D Realty INC
2308 East University LLC
Correction Deed
related
—
Oct 18, 2017
$892,000
A N D Realty LLC
2309 East University LLC
Dual Purpose Document
related
$892,000 · 2309 East University LLC
Apr 23, 2013
$850,000
2309 East University LLC
Don L Robertson
Special Warranty Deed
$500,000 · Republicbankaz NA
Nov 17, 2005
$765,000
Robertson Family Trust
Usrp Funding 2001-a
Grant Deed
—
Jan 30, 2001
—
Usrp Funding 2001-a LP
Usrp Az1 LLC
Quit Claim Deed
related
$175,000,000 · Wells Fargo Bank Mn Trustee
Jul 29, 1999
$699,900
Usrp Az1 LLC
Atlantic Richfield Co
Grant Deed
related
—
May 5, 1989
$390,000
Atlantic Richfie
—
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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