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Property profile & analytics
OFF-MARKET
Estimated value
$5,510,000
Schools
3320 Price Rd Tempe, AZ 85282-7513
Individually Owned
15-yr Hold
Free & Clear
Property ID
US07-3032707
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1986
Construction
CONCRETE
Total area
13,732 SF
Lot
6.98 ac (304,073 SF)
Zoning code
PCC-1
APN
133-36-002P
UPID
US07-3032707
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
-
Rio Salado College Southern Testing Center Community College
-
East Valley Veterans Education Center Community College College
-
Cordell Gilbert & Associates Law Firm
-
Artisan Collectors Gallery Inc Community College
-
SPOT 127 Youth Media Center Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.54M
Blend (final)
Blend
$5.51M
Owner & transaction history
Maricopa Cnty Cmnty Clg Distri · 15 yrs held
Maricopa Cnty Cmnty Clg Distri
since 2010
6 recorded transactions
Zoning & alternative use
PCC-1 · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The neighborhood PCC-1 district is intended to provide retailing, services and entertainment uses oriented to serve the needs of the neighborhood, community or the metropolitan region. Residential uses may be allowed subject to a use permit for the purpose of revitalizing an existing commercial center.
Zone name
Planned Commercial Center Neighborhood
General category
COMMERCIAL
Zone area
595.35 ac
Source
Realmo
Top alternative use upside
Industrial (general)
$8.1M
+111.4%
Retail stores
$7.2M
+87.8%
Neighborhood: shopping center
$7.0M
+82.6%
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$3,850,000
Current use
INDUSTRIAL (GENERAL)
$8,140,000
Change: +111% · Conversion: Difficult
RETAIL STORES
$7,230,000
Change: +88% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,030,000
Change: +83% · Conversion: Difficult
OFFICE BUILDING
$4,160,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$5.51M
Range $4.96M – $6.06M · ±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
$401 / 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
Assessed value
$2,966,010
Assessed 2024
Previous assessed
$2,514,420
+18.0% YoY
Land market value
$10,485,500
Improvement market value
$9,287,900
Total market value
$19,773,400
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
5
Stories
1
Units
5
Total area
13,732 SF
Lot
6.98 ac (304,073 SF)
Zoning code
PCC-1
APN
133-36-002P
UPID
US07-3032707
Jurisdiction
MARICOPA
Zoning & alternative use
PCC-1 · Tempe, AZZoning 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
Zoning description
The neighborhood PCC-1 district is intended to provide retailing, services and entertainment uses oriented to serve the needs of the neighborhood, community or the metropolitan region. Residential uses may be allowed subject to a use permit for the purpose of revitalizing an existing commercial center.
Zone name
Planned Commercial Center Neighborhood
General category
COMMERCIAL
Zone area
595.35 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$3.9M
INDUSTRIAL (GENERAL)
Est. value
$8.1M
RETAIL STORES
Est. value
$7.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.0M
OFFICE BUILDING
Est. value
$4.2M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
INDUSTRIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
5
Units
5
Lot
6.98 ac
Current owner
From public records · entity-resolved
Maricopa Cnty Cmnty Clg Distri
Individual
Free & Clear · 15 yrs held
Mailing address
2411 W 14TH ST, TEMPE, AZ 85281-6941
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2010
$2,300,000
Maricopa Cnty Cmnty Clg Distri
Morgan Stanley Cap I INC
Grant Deed
—
Aug 25, 2010
—
Morgan Stanley Cap I INC
Vreo Xvi LLC
Quit Claim Deed
related
—
Aug 26, 2009
—
Vreo Xvi LLC
Vestin Realty Mtg II INC
Grant Deed
—
Jul 1, 2009
$1,000,000
Vestin Realty Mortgage II INC
Chicago Title Co
Trustees Deed
related
—
Jun 30, 2009
$3,800,000
Morgan Stanley Cap I INC 2004
Timmerman Henry L
Trustees Deed
related
—
Apr 14, 2006
$6,900,000
3900 LLC
Andersen Plaza LLC
Grant 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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