Property profile

607 Ml Ave Tempe, AZ 85281

OFF-MARKET
Bars & Pubs
Property ID
US07-0837439
8,925 SF 0.2 ac lot Built 1930
Entity Owned 6-yr Hold Free & Clear
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Property profile

Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1930
Construction CONCRETE
Total area 8,925 SF
Lot 0.2 ac (8,925 SF)
Zoning code CC
APN 132-27-063
UPID US07-0837439

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
  • Nightclub DJ & Entertainment

Location

607 Ml Ave Tempe, AZ 85281-3608
Tempe metro Census 318700 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
2011
Price N/A
1987
$315,000

Zoning & alternative use

CC · Tempe, AZ
Zoning description

The CC district fosters employment and livability in Tempe City Center, generally bounded by the Town Lake to the North, the railroad tracks to the West, University Drive to the South and rural road to the East, by provi…

General category MIXED_USE

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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