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Property profile & analytics
OFF-MARKET
Estimated value
$12,700,000
Strip malls
2720 Baseline Rd Tempe, AZ 85283-1065
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-1441685
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Total area
30,729 SF
Lot
1.85 ac (80,469 SF)
APN
123-22-617
UPID
US07-1441685
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
-
LAURA BETH MASTERS Physician
-
HonorHealth Urgent Care - Tempe - Baseline Road Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.51M
Blend (final)
Blend
$12.70M
Owner & transaction history
South Point Station LLC · 1 yrs held
South Point Station LLC
since 2025
Last sale
$12.7M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$21.1M
+36.9%
Industrial (general)
$16.2M
+5.3%
Retail stores
$16.2M
+4.9%
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
$12,700,000
ML approach
$12,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$15,430,000
Current use
AUTO REPAIR, GARAGE
$21,125,000
Change: +37% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$16,245,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$16,180,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$12.70M
Range $11.43M – $13.97M · ±10% · vs last sale $12.70M (Dec 26 2024)
Last sale anchor
$12.70M
Dec 26 2024
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
$413 / 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
$30,206
Tax year 2023
Assessed value
$428,104
Assessed 2024
Effective rate
7.06%
On assessed value
Land market value
$815,700
Improvement market value
$1,778,867
Total market value
$2,594,567
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
1989
Stories
1
Total area
30,729 SF
Lot
1.85 ac (80,469 SF)
APN
123-22-617
UPID
US07-1441685
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$15.4M
AUTO REPAIR, GARAGE
Est. value
$21.1M
INDUSTRIAL (GENERAL)
Est. value
$16.2M
RETAIL STORES
Est. value
$16.2M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Stories
1
Lot
1.85 ac
Current owner
From public records · entity-resolved
South Point Station LLC
Entity
Free & Clear · 1 yrs held
Mailing address
990 HIGHLAND DR STE #200, SOLANA BEACH, CA 92075-2427
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jan 27, 2025
$12,700,000
South Point Station LLC
Mcs South Point Plaza LLC
Deed
related
—
Dec 26, 2024
$12,700,000
South Point Station LLC
Mcs South Point Plaza LLC
Special Warranty Deed
—
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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