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    Property profile & analytics

    425 S Mill Ave Tempe, AZ 85281

    • Retail space
    • 6,376 SF
    • 0.28 lot acres
    For Lease
    View listing
    Value Estimation
    $13,675,000
    Last Sale
    Jun 17, 2021
    $16,550,000
    Location Intelligence
    Property ID
    US07-0412655
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Colour Style Bar / Hair Salon
    • Comerica Bank / Investment Bank / Bank
    • Elite on Mill / Barber Shop
    • Elevate Tickets, LLC / Event Technology Service
    • SeaTec / Aviation Consultant

    Property Details for 425 S Mill Ave

    Year built
    1979
    Construction
    CONCRETE
    Lot size
    0.28 lot acres
    Property size
    6,376 SF
    Zone code
    CC
    Property type
    Retail space
    APN
    132-28-931
    APU
    13228931

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $12,580,000

    • CAP approach

      CAP return
      Estimation
      6%
      $17,535,000
      6.5%
      $18,065,000
      7%
      $17,215,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $15,160,000
      Geo Method
      $14,615,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $13,690,000
      Retail
      $18,295,000
      Mixed-Use
      $17,820,000
      Hospitality
      $14,175,000
      Educational
      $18,240,000
      Residential Income
      $18,955,000
      Energy
      $14,445,000
      Income-Based Land
      $14,100,000
      Food Service
      $17,010,000

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.94
    Latitude
    33.4258
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $86,022
    $0.00
    $0.00
    $1,031,102
    -
    $988,300
    $5,260,800
    $6,249,100

    Comparable in this City

    • Value Estimation by Request
      4,656 SF

      707 Frst Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,656 SF
      707 Frst Ave, Tempe, AZ 85281-3722
      View Details
    • Value Estimation by Request
      51,035 SF

      740 Ml Ave

      RETAIL STORES (PERSONAL SERVICES) • 51,035 SF
      740 Ml Ave, Tempe, AZ 85281-3629
      View Details
    • Value Estimation by Request
      1,342 SF

      1200 University Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,342 SF
      1200 University Dr, Tempe, AZ 85281-3405
      View Details
    • Value Estimation by Request
      1,152 SF

      2126 Apache Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,152 SF
      2126 Apache Blvd, Tempe, AZ 85281-4863
      View Details
    • Value Estimation by Request
      12,665 SF

      1520 Apache Blvd

      RETAIL STORES (PERSONAL SERVICES) • 12,665 SF
      1520 Apache Blvd, Tempe, AZ 85281-5923
      View Details
    • Value Estimation by Request
      4,050 SF

      1910 Priest Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,050 SF
      1910 Priest Dr, Tempe, AZ 85281-6207
      View Details

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    425 S Mill Ave
    Tempe, AZ 85281
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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