Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$35,255,000
Grocery and convenience stores
750 Ash Ave Tempe, AZ 85281-6829
Entity Owned
6-yr Hold
Free & Clear
Property ID
US07-2003529
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2018
Construction
CONCRETE
Total area
36,921 SF
Lot
1.86 ac (80,936 SF)
Zoning code
CC
APN
132-30-338
UPID
US07-2003529
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
-
Whole Foods Market Grocery & Convenience Store Food Market
-
The Local Apartments Apartment Complex Apartment Building
-
Iya Oaxaca! Restaurant
-
WFM Coffee Bar Cafe & Coffee Shop
-
Amazon Hub Locker - Authorization Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$35.25M
Blend (final)
Blend
$35.26M
Owner & transaction history
City Of Tempe · 6 yrs held
City Of Tempe
since 2020
7 recorded transactions
Zoning & alternative use
CC · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CC district fosters employment and livability in Tempe City Center, generally bounded by the Town Lake to the North, the railroad tracks to the West, University Drive to the South and rural road to the East, by providing retail, offices, moderate and high density residential uses, entertainment, civic uses, and cultural exchange in a mixed use environmen…
Zone name
City Center
General category
MIXED_USE
Zone area
107.99 ac
Source
Realmo
Top alternative use upside
Industrial (general)
$53.9M
+177.2%
Restaurant
$25.7M
+32.4%
Auto repair, garage
$25.4M
+30.5%
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
INDUSTRIAL (GENERAL)
$53,885,000
Change: +177% · Conversion: Difficult
RESTAURANT
$25,735,000
Change: +32% · Conversion: Easy
AUTO REPAIR, GARAGE
$25,380,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$35.26M
Range $31.73M – $38.78M · ±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
$955 / 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
Assessed value
$12,161,576
Assessed 2024
Previous assessed
$10,023,022
+21.3% YoY
Land market value
$22,563,200
Improvement market value
$90,252,900
Total market value
$112,816,100
Applied tax rate
31,602.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
NONE
Buildings
4
Stories
1
Units
286
Total area
36,921 SF
Lot
1.86 ac (80,936 SF)
Zoning code
CC
APN
132-30-338
UPID
US07-2003529
Jurisdiction
MARICOPA
Zoning & alternative use
CC · Tempe, AZZoning CC · permitted uses
CC · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CC district fosters employment and livability in Tempe City Center, generally bounded by the Town Lake to the North, the railroad tracks to the West, University Drive to the South and rural road to the East, by providing retail, offices, moderate and high density residential uses, entertainment, civic uses, and cultural exchange in a mixed use environment that supports the public investment in transit and other public facilities and services. This district may also be considered mixed use when the design provides a mix of uses for the purposes of implementing the General Plan Land Use.
Zone name
City Center
General category
MIXED_USE
Zone area
107.99 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$53.9M
RESTAURANT
Est. value
$25.7M
AUTO REPAIR, GARAGE
Est. value
$25.4M
INDUSTRIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2018
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
4
Units
286
Lot
1.86 ac
Current owner
From public records · entity-resolved
City Of Tempe
Entity
Free & Clear · 6 yrs held
Mailing address
21 E 6TH ST STE #208, TEMPE, AZ 85281-3681
Ownership since
2020
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
May 6, 2020
—
City Of Tempe
Fdg Local Tempe Associates LLC
Grant Deed
—
Jun 2, 2017
$7,931,000
Fdg Local Tempe Assocs LLC
University & Ash Owner LLC
Grant Deed
$61,250,000 · Colorado St Bk&tr
Feb 11, 2014
$6,100,000
University & Ash Owner LLC
Breof Tempe Land Reo LP
Quit Claim Deed
related
$4,293,000 · Pccp Capital II LLC
Dec 19, 2013
$57,500,000
Morgan Chase Bk NA Jp
Breof Tempe Reo LLC
Quit Claim Deed
related
—
May 23, 2011
—
Delery Guillory
Guillory,kathy & Delery
Quit Claim Deed
related
—
May 23, 2011
$3,240,000
Breof Tempe Land Reo LP
U & A Loan LLC
Grant Deed
—
Nov 17, 2010
$2,000,000
U & A Loan LLC
Mcnichol,christopher M
Trustees Deed
related
—
Jun 11, 2007
—
University & Ash LLC
—
Deed Of Trust
related
$120,000,000 · Mortgages Ltd
Apr 11, 2007
—
University & Ash LLC
Owner Name Unavailable
Grant Deed
related
—
May 2, 2006
$850,000
University & Ash LLC
Chase Bankcard Services INC
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.
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 750 Ash Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
