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Property profile & analytics
FOR LEASE
Strip malls
6340 S Rural Rd Tempe, AZ 85283
Entity Owned
20-yr Hold
Free & Clear
Property ID
US07-3460931
For Lease
1 / 26
$26 SF/Yr
6340 S Rural Rd, Tempe, AZ 85283
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Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Construction
CONCRETE
Total area
17,013 SF
Lot
1.87 ac (81,544 SF)
Zoning code
PCC-1
APN
301-81-002R
UPID
US07-3460931
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
Current use
Occupant on record · Public records
-
Church of God Ministry of Jesus Christ Intl.– Iglesia de Dios Ministerial- IDMJI Church Mosque
-
Water 2 Ice Big Box & Wholesale Store
-
The Spaghetti Shack Restaurant Take-out & Catering
-
Fantastic Sams Cut & Color Hair Salon
-
Leslie's (Bike/Boat/Book/etc) Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.18M
Blend (final)
Blend
$8.96M
Owner & transaction history
Nir Ents LLC · 20 yrs held
Nir Ents LLC
since 2006
3 recorded transactions
Zoning & alternative use
PCC-1 · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.9M
+38.8%
Auto repair, garage
$11.7M
+36.9%
Industrial (general)
$9.0M
+5.3%
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
NEIGHBORHOOD: SHOPPING CENTER
$8,540,000
Current use
RESTAURANT
$11,860,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,695,000
Change: +37% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,995,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$8,960,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$8.96M
Range $8.06M – $9.85M · ±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
$526 / 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
$36,286
Tax year 2023
Assessed value
$461,769
Assessed 2024
Previous assessed
$407,150
+13.4% YoY
Effective rate
7.86%
On assessed value
Land market value
$1,481,100
Improvement market value
$1,317,500
Total market value
$2,798,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1989
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
17,013 SF
Lot
1.87 ac (81,544 SF)
Zoning code
PCC-1
APN
301-81-002R
UPID
US07-3460931
Jurisdiction
MARICOPA
Zoning & alternative use
PCC-1 · Tempe, AZ
Zoning PCC-1 · permitted uses
PCC-1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$8.5M
RESTAURANT
Est. value
$11.9M
AUTO REPAIR, GARAGE
Est. value
$11.7M
INDUSTRIAL (GENERAL)
Est. value
$9.0M
RETAIL STORES
Est. value
$9.0M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1989
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.87 ac
Current owner
From public records · entity-resolved
Nir Ents LLC
Entity
Free & Clear · 20 yrs held
Mailing address
3009 SMT CIR, SANTA ROSA VALLEY, CA 93012-9315
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2006
—
Nir Ents LLC
Owner Name Unavailable
Grant Deed
related
—
May 18, 2006
$5,962,646
Nir Ents LLC
Natick Guadalupe LLC
Grant Deed
$1,840,000 · Union Bank Of California
—
—
Nir Ents LLC
—
Deed Of Trust
related
$1,658,900 · Bank Of The West
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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