Property profile

414 University Dr Tempe, AZ 85281

OFF-MARKET
Turn key restaurants
Property ID
US07-1301795
5,815 SF 0.59 ac lot Built 1999
Entity Owned 29-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1999
Construction CONCRETE
Total area 5,815 SF
Lot 0.59 ac (25,507 SF)
Zoning code CSS
APN 124-33-058A
UPID US07-1301795

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
  • Bakery Discount Store
  • Food Market Restaurant

Location

414 University Dr Tempe, AZ 85281-9200
Tempe metro Census 318800 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
$2.28M
Blend (final) Blend
$1.88M

Owner & transaction history

since 1996
1 recorded transaction
1996
$280,000

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

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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