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Property profile & analytics
OFF-MARKET
Estimated value
$45,880,000
Schools
620 College Ave Tempe, AZ 85281-3716
Individually Owned
38-yr Hold
Free & Clear
Property ID
US07-0837431
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
2013
Construction
CONCRETE
Total area
114,326 SF
Lot
0.11 ac (5,000 SF)
Zoning code
MU-ED
APN
132-27-106
UPID
US07-0837431
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
by Request
Comparable Approach
Comparable
$46.10M
Blend (final)
Blend
$45.88M
Owner & transaction history
Mari Drobniewski · 38 yrs held
Mari Drobniewski
since 1988
1 recorded transaction
Zoning & alternative use
MU-ED · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The MU-Ed zoning district is intended exclusively for public university owned properties, ensuring that development follows specific criteria, standards, and processes tailored to educational institutions. Only properties owned by a public university may utilize the MU-Ed zoning district and the Joint Review Committee processing.
Zone name
Mixed Use Educational
General category
MIXED_USE
Zone area
347.59 ac
Source
Realmo
Top alternative use upside
Retail stores
$60.2M
+87.8%
Neighborhood: shopping center
$57.4M
+79.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$32,055,000
Current use
RETAIL STORES
$60,205,000
Change: +88% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$57,400,000
Change: +79% · Conversion: Difficult
OFFICE BUILDING
$30,795,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$45.88M
Range $41.29M – $50.47M · ±10%
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
$401 / 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
Assessed value
$7,578,345
Assessed 2024
Previous assessed
$6,368,685
+19.0% YoY
Land market value
$354,400
Improvement market value
$50,167,900
Total market value
$50,522,300
Applied tax rate
31,602.0000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
2013
Construction
CONCRETE
Heating
HOT WATER
Cooling
REFRIGERATOR
Stories
5
Total area
114,326 SF
Lot
0.11 ac (5,000 SF)
Zoning code
MU-ED
APN
132-27-106
UPID
US07-0837431
Jurisdiction
MARICOPA
Zoning & alternative use
MU-ED · Tempe, AZZoning MU-ED · permitted uses
MU-ED · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The MU-Ed zoning district is intended exclusively for public university owned properties, ensuring that development follows specific criteria, standards, and processes tailored to educational institutions. Only properties owned by a public university may utilize the MU-Ed zoning district and the Joint Review Committee processing.
Zone name
Mixed Use Educational
General category
MIXED_USE
Zone area
347.59 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$32.1M
RETAIL STORES
Est. value
$60.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$57.4M
OFFICE BUILDING
Est. value
$30.8M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2013
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
5
Lot
0.11 ac
Current owner
From public records · entity-resolved
Mari Drobniewski
Individual
Free & Clear · 38 yrs held
Mailing address
PO BOX 873908, TEMPE, AZ 85287-3908
Ownership since
1988
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 29, 1988
—
Mari Drobniewski
—
Deed Of Trust
related
—
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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