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Property profile & analytics
OFF-MARKET
Estimated value
$6,525,000
Banks
2800 Ml Ave Tempe, AZ 85282-3645
Entity Owned
17-yr Hold
Free & Clear
Property ID
US07-0395360
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1988
Construction
STEEL FRAME
Total area
10,689 SF
Lot
2.1 ac (91,623 SF)
Zoning code
C-G
APN
133-50-087
UPID
US07-0395360
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
-
Landings Credit Union - Tempe (Main) Branch Credit Union
-
Assure Home Inspection Home Inspector
-
ATM Landings Credit Union Credit Union
-
Gamble Frederick E Law Firm
-
Richard Landis, ChFC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.75M
Blend (final)
Blend
$6.53M
Owner & transaction history
SCHOOLS CREDIT UNION TEMPE
SCHOOLS CREDIT UNION TEMPE
Zoning & alternative use
C-G · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.5M
+19.4%
Auto repair, garage
$7.4M
+17.7%
Industrial (general)
$6.3M
+1.5%
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
FINANCIAL BUILDING
$6,240,000
Current use
RESTAURANT
$7,450,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,350,000
Change: +18% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,335,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$5,630,000
Change: -10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,475,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$6.53M
Range $5.87M – $7.18M · ±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
$610 / 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
$62,468
Tax year 2023
Assessed value
$944,664
Assessed 2024
Previous assessed
$760,800
+24.2% YoY
Effective rate
6.61%
On assessed value
Land market value
$2,725,300
Improvement market value
$3,572,458
Total market value
$6,297,758
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
5
Stories
2
Units
5
Total area
10,689 SF
Lot
2.1 ac (91,623 SF)
Zoning code
C-G
APN
133-50-087
UPID
US07-0395360
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.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$6.2M
RESTAURANT
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$7.4M
INDUSTRIAL (GENERAL)
Est. value
$6.3M
RETAIL STORES
Est. value
$5.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.5M
FINANCIAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1988
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
5
Units
5
Lot
2.1 ac
Current owner
From public records · entity-resolved
SCHOOLS CREDIT UNION TEMPE
Individual
Free & Clear · 0 yrs held
Mailing address
2800 S ML AVE, TEMPE, AZ 85282-3645
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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