New search
Property profile & analytics
OFF-MARKET
Turn key restaurants
400 University Dr, Tempe, AZ 85281-5543
Entity Owned
Free & Clear
Property ID
US07-0094246
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1999
Construction
STEEL FRAME
Total area
4,860 SF
Lot
0.25 ac (10,835 SF)
Zoning code
C-G
APN
124-33-055
UPID
US07-0094246
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
-
It's Just Wings Restaurant
-
ATM Atm
-
Chili's Grill & Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rossmore Enterprises
Rossmore Enterprises
since 2025
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
C-G · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$15,573
Tax year 2023
Assessed value
$149,721
Assessed 2024
Previous assessed
$127,636
+17.3% YoY
Effective rate
10.40%
On assessed value
Land market value
$97,000
Improvement market value
$810,400
Total market value
$907,400
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
4,860 SF
Lot
0.25 ac (10,835 SF)
Zoning code
C-G
APN
124-33-055
UPID
US07-0094246
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.
Building & site characteristics
From public records
Year built
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Rossmore Enterprises
Entity
Free & Clear · 0 yrs held
Mailing address
121 N LONE STAR DRB, GEORGETOWN, TX 78633-4526
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2025
$3,675,000
Rossmore Enterprises
Plf Rsf Trust
Special Warranty Deed
—
Oct 30, 2025
—
Plf Rsf Trust
Peggy L Friedmann
Deed
related
—
Jul 2, 2024
—
Peggy Friedman
Peggy L Friedmann
Intrafamily Transfer
related
—
Jul 26, 2017
—
Ff Trust
Friedmann,nadav & Peggy L
Quit Claim Deed
related
—
Dec 18, 2006
$1,330,000
Maricopa Cnty Bostons Dev LLC
Bp Arizona INC
Grant Deed
—
Dec 18, 2006
$2,000,000
Nadav Friedmann
Maricopa Cnty Bostons Dev LLC
Grant Deed
—
Dec 31, 1997
$547,500
B P Arizona INC
Clarence Tomanik
Grant Deed
—
Oct 10, 1997
$547,500
Clarence Tomanik
Papago Land L P
Grant Deed
—
Apr 8, 1997
$365,000
Land L P Papago
Patrick J & Joan D'addea
Grant Deed
$240,000 · Seller
Apr 26, 1993
$361,957
Emmett G Morrison JR.
Bike Route INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 400 University Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
