Property profile

405 University Dr Tempe, AZ 85281

OFF-MARKET
Strip malls
Property ID
US07-0831616
4,743 SF 0.49 ac lot Built 1995
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

The property is located in Downtown Tempe near Arizona State University’s main campus and is configured to support both restaurant and retail uses. It includes an endcap space and a second-generation restaurant space, totaling 2,500 square feet. The building provides for monument signage and is situated with convenient access to the Loop 202 freeway.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1995
Construction CONCRETE
Total area 4,743 SF
Lot 0.49 ac (21,284 SF)
Zoning code CSS
APN 124-69-025B
UPID US07-0831616

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • Discount Store

Location

405 University Dr Tempe, AZ 85281-5587
Tempe metro Census 318900 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.49M
Blend (final) Blend
$2.43M

Owner & transaction history

3 recorded transactions
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CSS · Tempe, AZ
Zoning description

balconies, pedestrian arcades, covered (non-enclosed) bicycle parking and similar architectural features placed on or in front of the street-facing side of the building are allowed within the setback. d Properties zoned…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $3.3M +36.9%
Retail stores $2.5M +4.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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