Property profile

701 Grv Pkwy Tempe, AZ 85283

OFF-MARKET
Specialty properties
Property ID
US07-0163137
2,344 SF 9.79 ac lot Built 1987
Entity Owned 4-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Marketing & Advertising Advertising Agency
  • Electric Vehicle Charging Station
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Landscaping General Contractor

Location

701 Grv Pkwy Tempe, AZ 85283-4501
Tempe metro Census 320001 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2021
Last sale
$67.9M
7 recorded transactions
2021
$67.9M
2019
Price N/A
2016
$29.4M
2013
$21.0M
2011
$20.7M
2006
$24.1M
2004
$13.2M

Zoning & alternative use

R-4 · Tempe, AZ
Zoning description

l Planned Area Development (R1-PAD) (requires a PAD Overlay) D. Multi-Family Residential (R-2) E. Multi-Family Residential Restricted (R-3R) F. Multi-Family Residential Limited (R-3) G. Multi-Family Residential General (…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Commercial (general) $90.1M +247.2%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 701 Grv Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message