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Property profile & analytics
OFF-MARKET
Estimated value
$17,565,000
Warehouses
7310 Priest Dr, Tempe, AZ 85283-4357
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-3376776
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1994
Construction
CONCRETE
Total area
76,076 SF
Lot
2.38 ac (103,844 SF)
Zoning code
C-C
APN
301-41-766
UPID
US07-3376776
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
-
StorAmerica Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.56M
Blend (final)
Blend
$17.57M
Owner & transaction history
Storage Invest Line LP · 7 yrs held
Storage Invest Line LP
since 2018
6 recorded transactions
Zoning & alternative use
C-C · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$19.0M
+29.9%
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
WAREHOUSE, STORAGE
$14,620,000
Current use
OFFICE BUILDING
$18,985,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$17.57M
Range $15.81M – $19.32M · ±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
$231 / 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
$131,515
Tax year 2023
Assessed value
$2,201,711
Assessed 2024
Previous assessed
$1,788,536
+23.1% YoY
Effective rate
5.97%
On assessed value
Land market value
$1,537,800
Improvement market value
$11,805,900
Total market value
$13,343,700
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
76,076 SF
Lot
2.38 ac (103,844 SF)
Zoning code
C-C
APN
301-41-766
UPID
US07-3376776
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Tempe, AZ
Zoning C-C · permitted uses
C-C · 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
WAREHOUSE, STORAGE Current
Est. value
$14.6M
OFFICE BUILDING
Est. value
$19.0M
WAREHOUSE, STORAGE Current
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
1994
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
2.38 ac
Current owner
From public records · entity-resolved
Storage Invest Line LP
Entity
Mailing address
2082 MICHELSON DR STE 212B, IRVINE, CA 92612-1212
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2018
$10,500
Storage Invest Line LP
Ch Realty Vii Wpc I Tempe South Pri
Special Warranty Deed
$7,875,000 · Banner Bank
Jun 22, 2017
—
Ch Realty Vii-wpc I Tempe Sout
—
Grant Deed
related
$55,594,574 · Comerica Bk
Jan 27, 2016
$3,150,000
Ch Realty Vii Wpc 1 Tempe South Pri
2894 Assets LLC
Cash Sale Deed
—
Jan 21, 2011
—
Levine Investments LP
Pacific Ground Leases I LLC
Grant Deed
related
—
Nov 20, 2006
$3,904,527
2894 Assets LLC
National Retail Properties INC
Grant Deed
—
Jan 31, 1995
$2,804,236
Commercial Net Lease Realty INC
Grove Parkway Plaza LLC
Grant Deed
—
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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