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

    7305 Kyrene Rd Tempe, AZ 85283

    • Strip malls
    • 11,220 SF
    • 1.32 lot acres
    For Sale
    View listing
    $4,700,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1244327
    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

    • JAB Fitness / Kickboxing School / Physical Fitness Program
    • JAB Media / Wholesaler
    • Mir CPR AED First Aid / Gym

    Property Details for 7305 Kyrene Rd

    Year built
    2000
    Construction
    CONCRETE
    Lot size
    1.32 lot acres
    Property size
    11,220 SF
    Zone code
    GID
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    301-47-015H
    APU
    30147015H

    Description

    This exceptional 12,220 square-foot property located at 7305 S Kyrene Road in Tempe, Arizona presents a unique owner-user or add-value investment opportunity. Situated on a sizable 1.32-acre lot, the property is zoned I-1 (Light Industrial), offering considerable flexibility for a variety of uses. Originally constructed in 2000 as a retail strip center, the building has a proven track record of accommodating diverse tenants, including FedEx, office spaces, and a Pilates studio. Currently operating as a boxing gym, the property's adaptability is a key selling point. The I-1 zoning allows for a wide range of permitted uses, including medical clinics, significantly expanding the potential tenant pool. Furthermore, the property is eligible for retail permits and various special use permits, opening doors for repositioning or redevelopment to capitalize on the growing Tempe market. This presents a rare chance to acquire a well-located, versatile property with significant upside potential in a thriving area. The substantial lot size and flexible zoning make this an ideal asset for investors seeking a strong return on investment or businesses looking for a custom-designed space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,943,000
      Market price range: $2.86M - $9.25M
      AI Estimate
      $7,548,000
      Market price range: $2.63M - $8.90M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $5,635,000
      Current use
      RESTAURANT
      $7,820,000
      Change: +39% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $7,715,000
      Change: +37% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $5,930,000
      Change: +5% Conversion: Difficult
      RETAIL STORES
      $5,910,000
      Change: +5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.945
    Latitude
    33.3527
    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
    $24,272
    $0.00
    $0.00
    $399,498
    -
    $803,400
    $1,617,800
    $2,421,200

    Comparable in this City

    • Value Estimation
      $8,955,000
      17,013 SF

      6340 Rural Rd

      SHOPPING CENTER, STRIP CENTER • 17,013 SF
      6340 Rural Rd, Tempe, AZ 85283-2930
      View Details
    • Value Estimation
      $14,095,000
      17,430 SF

      1849 Guadalupe Rd Ste C101

      SHOPPING CENTER, STRIP CENTER • 17,430 SF
      1849 Guadalupe Rd Ste C101, Tempe, AZ 85283-3281
      View Details
    • Value Estimation
      $4,090,000
      10,466 SF

      957 Guadalupe Rd

      SHOPPING CENTER, STRIP CENTER • 10,466 SF
      957 Guadalupe Rd, Tempe, AZ 85283-3046
      View Details
    • Value Estimation
      $850,000
      3,400 SF

      8410 Avenida Del Yaqui

      SHOPPING CENTER, STRIP CENTER • 3,400 SF
      8410 Avenida Del Yaqui, Guadalupe, AZ 85283-1000
      View Details
    • Value Estimation
      $4,130,000
      5,107 SF

      1809 Baseline Rd

      SHOPPING CENTER, STRIP CENTER • 5,107 SF
      1809 Baseline Rd, Tempe, AZ 85283-1500
      View Details
    • Value Estimation
      $7,095,000
      15,210 SF

      940 Baseline Rd

      SHOPPING CENTER, STRIP CENTER • 15,210 SF
      940 Baseline Rd, Tempe, AZ 85283-1313
      View Details

    Similar Nearby for Sale

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      156,441 SF

      Tempe Retail Center For Sale

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      Prime Retail Space Available

      30,000 SF retail space in a prime location.
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    • $4,500,000
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      Retail space available in South Tempe with high traffic volume.
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      Highly visible site suitable for redevelopment or repurposing in Tempe.
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      Hard corner retail space with excellent visibility in Tempe.
      6350 S Mcclintock Dr, Tempe, AZ 85283
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    Similar Nearby for Lease

    • Contact for pricing
      113,544 SF

      Retail Space Near Trader Joe's

      Retail space available in Tempe Square shopping center.
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      Retail Space in Tempe Center

      Retail space available in a busy Tempe shopping center.
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      Retail Space in Tempe Center

      Retail space available in a busy Tempe shopping center.
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      Retail Space in Tempe Center

      Retail space available in a busy Tempe shopping center.
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      Retail Space Near Trader Joe's

      Retail space available in a Trader Joe's anchored shopping center.
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      View Details
    • Contact for pricing
      4,380 SF

      Fiesta Plaza Retail Spaces

      Tempe storefront, 1200-3180 sq ft.
      7420 Rural Rd, Tempe, AZ 85283
      View Details
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    7305 Kyrene Rd
    Tempe, AZ 85283
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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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