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Property profile & analytics
OFF-MARKET
Estimated value
$56,780,000
Specialty properties
701 Grv Pkwy, Tempe, AZ 85283-4501
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0163137
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1987
Construction
STEEL FRAME
Total area
2,344 SF
Lot
9.79 ac (426,662 SF)
Zoning code
R-4
APN
301-90-007A
UPID
US07-0163137
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
-
Pinnacle Grove Real Estate Agency
-
N8tive Industry Marketing & Advertising Advertising Agency
-
SemaConnect Charging Station Electric Vehicle Charging Station
-
Agile Web Concepts Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Solow Lawn Maintenance Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$47.27M
Blend (final)
Blend
$56.78M
Owner & transaction history
Strada Apartments LLC · 4 yrs held
Strada Apartments LLC
since 2021
Last sale
$67.9M
7 recorded transactions
Zoning & alternative use
R-4 · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$90.1M
+247.2%
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
$55,500,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$90,055,000
Change: +247% · Conversion: Difficult
Blend value · Realmo final
$56.78M
Range $51.10M – $62.46M · ±10% · vs last sale $67.91M (Sep 10 2021)
Last sale anchor
$67.91M
Sep 10 2021
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
$24,224 / 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
$185,706
Tax year 2023
Assessed value
$5,934,120
Assessed 2024
Previous assessed
$3,999,400
+48.4% YoY
Effective rate
3.13%
On assessed value
Land market value
$11,868,200
Improvement market value
$47,473,000
Total market value
$59,341,200
Applied tax rate
281,600.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
34
Stories
1
Units
247
Total area
2,344 SF
Lot
9.79 ac (426,662 SF)
Zoning code
R-4
APN
301-90-007A
UPID
US07-0163137
Jurisdiction
MARICOPA
Zoning & alternative use
R-4 · Tempe, AZ
Zoning R-4 · permitted uses
R-4 · 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
COMMERCIAL (GENERAL)
Est. value
$90.1M
COMMERCIAL (GENERAL)
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
1987
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
34
Units
247
Lot
9.79 ac
Current owner
From public records · entity-resolved
Strada Apartments LLC
Entity
Mailing address
5728 LYNDON B JOHNSON FWY STE #400, DALLAS, TX 75240-6357
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2021
$67,912,525
Strada Apartments LLC
Bre Az Pinnacle Grove LLC
Special Warranty Deed
—
Oct 1, 2019
—
Bre Az Pinnacle Grove LLC
—
Deed
related
—
Nov 14, 2016
$29,400,000
Bre Az Pinnacle Grove LLC
Roc II Az Pinnacle Grove L
Grant Deed
$16,445,000 · Deutsche Bk Tr #2013-k30 (ce)
Feb 13, 2013
$21,000,000
Roc II Az Pinnacle Grove LLC
U S Bank National Association
Special Warranty Deed
—
Sep 22, 2011
$20,700,000
Us Bank NA Series 2006-c29
Burke,james L
Trustees Deed
related
—
Nov 15, 2006
$24,140,000
Redhill Pinnacle Grove LLC
Fairfield Pinnacle Grove LP
Special Warranty Deed
$22,100,000 · Wachovia Bank NA
Aug 27, 2004
$13,200,000
Pinnacle Grove Fairfield
Itcr Elliot Grove
Grant Deed
$10,650,000 · Column Financial INC
Sep 19, 1996
$11,000,000
Elliot Grove L P Itcr
Elliot Grove Associates
Grant Deed
related
$1,000,000 · General Electric Capital Corp
—
—
Bre Az Pinnacle Grove LLC
—
Deed Of Trust
related
—
—
—
Pinnacle Grove Fairfield
—
Deed Of Trust
related
$10,650,000 · Federal National Mortgage Assn
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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