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Property profile & analytics
OFF-MARKET
Estimated value
$2,370,000
Grocery and convenience stores
425 Baseline Rd, Tempe, AZ 85283-1102
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1214166
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2000
Construction
CONCRETE
Total area
14,841 SF
Lot
1.69 ac (73,406 SF)
Zoning code
CSS
APN
301-03-017A
UPID
US07-1214166
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.66M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.37M
Owner & transaction history
481 High LLC · 4 yrs held
481 High LLC
since 2022
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
CSS · 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
Method
Estimation
Statistic approach
$2,110,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,885,000
6.5%
$2,660,000
7%
$2,470,000
Blend value · Realmo final
$2.37M
Range $2.13M – $2.61M · ±10% · vs last sale $2.35M (Apr 28 2022)
Last sale anchor
$2.35M
Apr 28 2022
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
$160 / 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
$47,281
Tax year 2023
Assessed value
$387,750
Assessed 2024
Previous assessed
$575,569
-32.6% YoY
Effective rate
12.19%
On assessed value
Land market value
$1,165,847
Improvement market value
$1,184,153
Total market value
$2,350,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
14,841 SF
Lot
1.69 ac (73,406 SF)
Zoning code
CSS
APN
301-03-017A
UPID
US07-1214166
Jurisdiction
MARICOPA
Zoning & alternative use
CSS · Tempe, AZ
Zoning CSS · permitted uses
CSS · 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
2000
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.69 ac
Current owner
From public records · entity-resolved
481 High LLC
Entity
Mailing address
22033 CLARENDON ST STE #101, WOODLAND HILLS, CA 91367-6367
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2022
$2,350,000
481 High LLC
Niki Baseline LP
Special Warranty Deed
—
Mar 16, 2017
—
Niki Baseline LP
—
Deed
related
$910,000 · California Bk&tr
Dec 29, 2016
—
Niki Baseline LP
—
Deed
related
$973,000 · True Alliance Int'l Ltd
Dec 22, 2016
$1,390,000
Niki Baseline LP
Vfr & P Properties LLC
Grant Deed
—
Jan 25, 2016
—
Vfr & P Properties LLC
Fresh & Easy LLC
Quit Claim Deed
related
—
—
—
Niki Baseline LP
—
Deed Of Trust
related
$973,000 · True Alliance Int'l Ltd
—
—
Niki Baseline LP
—
Deed Of Trust
related
$910,000 · California Bk&tr
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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