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    Property profile & analytics

    740 Ml Ave Tempe, AZ 85281-3629

    • Retail space
    • 51,035 SF
    • 1.24 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 01, 2022
    Location Intelligence
    Property ID
    US07-0986210
    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

    • Dragon Tea / Bubble Tea Store / Tea House
    • Audacious Studios / Advertising Agency / Holding Company
    • University Sports Grill / Bar & Grill
    • Dr Pattoff Inc / Doctor
    • Dorrance Scholarship Programs / Association Or Organization

    Property Details for 740 Ml Ave

    Year built
    1997
    Construction
    STEEL FRAME
    Lot size
    1.24 lot acres
    Property size
    51,035 SF
    Zone code
    C-C
    Property type
    Retail space
    APN
    132-30-145
    APU
    13230145

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.94
    Latitude
    33.4227
    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
    $199,688
    $0.00
    $0.00
    $2,482,431
    -
    $4,307,200
    $10,737,834
    $15,045,034

    Comparable in this City

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      2126 Apache Blvd

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      2126 Apache Blvd, Tempe, AZ 85281-4863
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      12,665 SF

      1520 Apache Blvd

      RETAIL STORES (PERSONAL SERVICES) • 12,665 SF
      1520 Apache Blvd, Tempe, AZ 85281-5923
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      1910 Priest Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,050 SF
      1910 Priest Dr, Tempe, AZ 85281-6207
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    • Value Estimation
      $4,605,000
      3,802 SF

      706 College Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,802 SF
      706 College Ave, Tempe, AZ 85281-3718
      View Details

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    Property Visit Statistics

    • Visits by month
      3.7k
    • Visitors by month
      2.7k
    • Avg Time on site
      45 min
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    Tempe, AZ 85281-3629
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    Realmo Value Estimation

    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.

    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.

    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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