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Property profile & analytics
OFF-MARKET
Estimated value
$11,470,000
Grocery and convenience stores
2700 Baseline Rd Tempe, AZ 85283-1072
Entity Owned
12-yr Hold
Free & Clear
Property ID
US07-1163904
Property summary
AI-generated overview
This Tempe, Arizona shopping center presents a compelling investment opportunity. The 49,315 square foot property boasts a 7.00% cap rate and a strong 95.1% occupancy rate (as of October 1, 2024). Anchored by a Kroger grocery store and featuring 16 additional tenants including Goodwill and Honorhealth, this multi-tenant retail center offers a diverse income stream. Situated on a 3.81-acre lot at 2700 W Baseline Rd, Tempe, AZ 85283, the center benefits from high visibility and traffic counts exceeding 86,000 vehicles daily. The property includes 536 parking spaces and features a mix of tenants catering to daily needs and specialty services. Built in 1987, the center is zoned PCC-1 and offers a stabilized investment with a Net Operating Income (NOI) of $1,011,288. The asking price is $14,450,000, translating to a price per square foot of $293.01. The property's strong tenant mix, high occupancy, and prime location make it an attractive addition to any portfolio. APN: 123-22-006P, 123-22-617, 123-22-618.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1987
Construction
CONCRETE
Total area
50,724 SF
Lot
4.22 ac (183,954 SF)
Zoning code
PCC-1
APN
123-22-006N
UPID
US07-1163904
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
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
High standards barbershop Barber Shop
-
Ria Money Transfer - Fry's Bank Credit Union
-
Taxes Done Right Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.57M
Blend (final)
Blend
$11.47M
Owner & transaction history
Pink Star LLC · 12 yrs held
Pink Star LLC
since 2013
3 recorded transactions
Zoning & alternative use
PCC-1 · 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
$11.47M
Range $10.32M – $12.62M · ±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
$226 / 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
$90,040
Tax year 2023
Assessed value
$867,108
Assessed 2024
Previous assessed
$737,970
+17.5% YoY
Effective rate
10.38%
On assessed value
Land market value
$2,276,600
Improvement market value
$2,978,600
Total market value
$5,255,200
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
50,724 SF
Lot
4.22 ac (183,954 SF)
Zoning code
PCC-1
APN
123-22-006N
UPID
US07-1163904
Jurisdiction
MARICOPA
Zoning & alternative use
PCC-1 · Tempe, AZ
Zoning PCC-1 · permitted uses
PCC-1 · 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
1987
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
4.22 ac
Current owner
From public records · entity-resolved
Pink Star LLC
Entity
Free & Clear · 12 yrs held
Mailing address
433 N CAMDEN DR STE #400, BEVERLY HILLS, CA 90210-4408
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2013
$2,339,229
Pink Star LLC
2700 W Baseline LLC
Grant Deed
—
May 10, 2013
$4,470,000
2700 W Baseline LLC
Aib Tempe Frys LP
Grant Deed
—
Sep 1, 1988
—
Sieber Investors
Unknown
Grant Deed
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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