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Property profile & analytics
OFF-MARKET
Estimated value
$2,080,000
Grocery and convenience stores
2785 Baseline Rd Tempe, AZ 85283-1066
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-2673963
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1993
Construction
CONCRETE
Total area
2,811 SF
Lot
0.74 ac (32,104 SF)
Zoning code
GID
APN
301-14-020E
UPID
US07-2673963
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
-
ARCO Gas Station
-
Krispy Krunchy Chicken Restaurant
-
Vigo Bank Credit Union
-
bitcoin atm Atm
-
Pita Perfect Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.10M
Blend (final)
Blend
$2.08M
Owner & transaction history
City Of Phoenix · 3 yrs held
City Of Phoenix
since 2023
7 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
General Industrial District is designed to provide, office uses, warehousing, wholesaling, assembling and manufacturing of building materials, machinery and other commodities to provide employment centers and production.
Zone name
General Industrial District
General category
INDUSTRIAL
Zone area
4,720.51 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.9M
+36.9%
Retail stores
$1.5M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,410,000
Current use
AUTO REPAIR, GARAGE
$1,930,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$1,480,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$2.08M
Range $1.87M – $2.29M · ±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
$740 / 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
$20,050
Tax year 2023
Assessed value
$228,987
Assessed 2024
Previous assessed
$228,987
+0.0% YoY
Effective rate
8.76%
On assessed value
Land market value
$1,059,400
Improvement market value
$328,400
Total market value
$1,387,800
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
Off-Market
Year built
1993
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
2,811 SF
Lot
0.74 ac (32,104 SF)
Zoning code
GID
APN
301-14-020E
UPID
US07-2673963
Jurisdiction
MARICOPA
Zoning & alternative use
GID · Tempe, AZZoning GID · permitted uses
GID · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
General Industrial District is designed to provide, office uses, warehousing, wholesaling, assembling and manufacturing of building materials, machinery and other commodities to provide employment centers and production.
Zone name
General Industrial District
General category
INDUSTRIAL
Zone area
4,720.51 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
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
1993
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
0.74 ac
Current owner
From public records · entity-resolved
City Of Phoenix
Entity
Mailing address
251 W WASHINGTON ST FL #8, PHOENIX, AZ 85003-2295
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2023
—
City Of Phoenix
Star Mart LLC
Warranty Deed
—
Oct 8, 2021
$1,300,000
Star Mart LLC
Baseline Oil Investments LLC
Warranty Deed
$990,850 · Metro Phoenix Bank
Jul 16, 2014
$760,495
Baseline Oil Investments LLC
Baseline Oil LLC
Special Warranty Deed
—
Dec 31, 2008
—
Baseline Oil LLC
—
Deed Of Trust
related
$1,400,000 · Los Padres Bank
May 30, 2008
—
Baseline Oil LLC
—
Deed Of Trust
related
$1,700,000 · Compass Bank
May 3, 2007
$120,000
Baseline Oil LLC
Bp West Coast Products LLC
Grant Deed
$3,600,000 · Mortgages Ltd
Feb 23, 1996
—
Eichman Trust
George Eichman
Quit Claim Deed
related
—
May 17, 1995
$1,800,000
Victoria Acquisition INC
Crow-lncdc #1
Grant Deed
$1,600,000 · Seller
—
—
Baseline Oil LLC
—
Deed Of Trust
related
—
—
—
Baseline Oil LLC
—
Deed Of Trust
related
—
—
—
Bell Oil Investments LLC
—
Deed Of Trust
related
$357,500 · Biltmore Bk/az
—
—
Baseline Oil LLC
—
Deed Of Trust
related
$3,500,000 · Los Padres Bank
—
—
Baseline Oil LLC
—
Deed Of Trust
related
$1,000,000 · Compass Bank
—
—
Baseline Oil Investments LLC
—
Deed Of Trust
related
$1,775,000 · Biltmore Bk/az
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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