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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    616 Baseline Rd Tempe, AZ 85283-1105

    • Gas stations
    • 1,125 SF
    • 1.43 lot acres
    OFF-MARKET
    Last Sale
    Jan 29, 2020
    Value Estimations
    $925,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2844776
    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

    • Cobblestone Auto Spa / Car Detailing Service / Convenience Store
    • Chevron / Car Wash / Gas Station

    Property Details for 616 Baseline Rd

    Year built
    1988
    Construction
    CONCRETE
    Lot size
    1.43 lot acres
    Property size
    1,125 SF
    Zone code
    CSS
    Property type
    Gas stations
    APN
    123-54-212
    APU
    12354212

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,010,000
      Market price range: $360k - $1.01M
      AI Estimate
      $838,000
      Market price range: $198k - $839k

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $735,000
      Current use
      AUTO REPAIR, GARAGE
      $775,000
      Change: +5% Conversion: Difficult
      RETAIL STORES
      $590,000
      Change: -19% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.946
    Latitude
    33.3787
    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
    $23,830
    $0.00
    $0.00
    $259,889
    -
    $649,600
    $925,487
    $1,575,087

    Comparable in this City

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    • Value Estimation
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      12,696 SF

      7144 Priest Dr

      AUTO REPAIR, GARAGE • 12,696 SF
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    • Value Estimation
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      7135 Harl Ave

      AUTO REPAIR, GARAGE • 15,870 SF
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    • Value Estimation
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      5,274 SF

      2160 Guadalupe Rd

      AUTO REPAIR, GARAGE • 5,274 SF
      2160 Guadalupe Rd, Tempe, AZ 85283-3365
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    • Value Estimation
      $14,115,000
      13,480 SF

      1717 Baseline Rd

      VEHICLE SALES, RENTALS • 13,480 SF
      1717 Baseline Rd, Tempe, AZ 85283-1408
      View Details
    • Value Estimation by Request
      1,125 SF

      8808 Avenida Del Yaqui

      AUTO REPAIR, GARAGE • 1,125 SF
      8808 Avenida Del Yaqui, Guadalupe, AZ 85283-2505
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,398 SF

      Retail Space at Guadalupe & McClintock

      Hard corner retail space with excellent visibility in Tempe.
      6350 S Mcclintock Dr, Tempe, AZ 85283
      View Details
    • Contact for pricing
      156,441 SF

      Tempe Retail Center For Sale

      Retail opportunity at a busy Tempe intersection near major freeways.
      Sec Mcclintock Dr & Guadalupe Rd, Tempe, AZ 85283
      View Details
    • Contact for pricing
      30,000 SF

      Prime Retail Space Available

      30,000 SF retail space in a prime location.
      940 E Baseline Rd, Tempe, AZ 85283
      View Details
    • $4,500,000
      13,813 SF

      Prime Location Retail Opportunity

      High-traffic location near I-10 and Arizona Mills.
      1424 W Baseline Rd, Tempe, AZ 85283
      View Details
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      33,400 SF

      Retail Space at Fiesta Plaza

      Retail space available in South Tempe with high traffic volume.
      7420 South Rural Rd, Tempe, AZ 85283
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      20,351 SF

      Tempe Retail Redevelopment Opportunity

      Highly visible site suitable for redevelopment or repurposing in Tempe.
      1204 E Baseline Rd, Tempe, AZ 85283
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    Similar Nearby for Lease

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      4,380 SF

      Fiesta Plaza Retail Spaces

      Tempe storefront, 1200-3180 sq ft.
      7420 Rural Rd, Tempe, AZ 85283
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      1,987 SF

      Retail Space in Tempe Center

      Retail space available in a busy Tempe shopping center.
      1855 E Guadalupe Rd, Tempe, AZ 85283
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    • Contact for pricing
      10,005 SF

      Restaurant Space Near Arizona Mills

      10,005 SF restaurant space for lease near Arizona Mills.
      1606 W Baseline Rd, Tempe, AZ 85283
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    • Contact for pricing
      2,425 SF

      Retail Space with High Visibility

      Available retail space with excellent visibility and ample parking.
      2700 W Baseline Rd, Tempe, AZ 85283
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    • $0.96 SF/Yr
      4,771 SF

      Tempe Flex Space Available

      Flex space featuring a showroom, offices, and frontage.
      5869 S Kyrene Rd, Tempe, AZ 85283
      View Details
    • Contact for pricing
      156,441 SF

      Tempe Retail Center: Prime Location

      High-traffic Tempe retail space available.
      0 Guadalupe Rd. & Mcclintock Dr, Tempe, AZ 85283
      View Details

    Property Visit Statistics

    • Visits by month
      18.2k
    • Visitors by month
      13.6k
    • Avg Time on site
      19 min
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    616 Baseline Rd
    Tempe, AZ 85283-1105
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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