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Property profile & analytics
OFF-MARKET
Estimated value
$18,980,000
Outlet malls
7500 Priest Dr Tempe, AZ 85283-4361
Entity Owned
20-yr Hold
Free & Clear
Property ID
US07-0134940
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1994
Construction
STEEL FRAME
Total area
59,969 SF
Lot
5.52 ac (240,599 SF)
Zoning code
PCC-1
APN
301-41-760
UPID
US07-0134940
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
-
Floor & Decor Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.15M
Blend (final)
Blend
$18.98M
Owner & transaction history
Jahan Realty Management Corp · 20 yrs held
Jahan Realty Management Corp
since 2005
7 recorded transactions
Zoning & alternative use
PCC-1 · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
RETAIL STORES
$31,580,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$30,110,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$18.98M
Range $17.08M – $20.88M · ±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
$316 / 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
$116,054
Tax year 2023
Assessed value
$1,434,892
Assessed 2024
Previous assessed
$1,263,695
+13.5% YoY
Effective rate
8.09%
On assessed value
Land market value
$4,568,500
Improvement market value
$4,127,816
Total market value
$8,696,316
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1994
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
2
Total area
59,969 SF
Lot
5.52 ac (240,599 SF)
Zoning code
PCC-1
APN
301-41-760
UPID
US07-0134940
Jurisdiction
MARICOPA
Zoning & alternative use
PCC-1 · Tempe, AZ
Zoning PCC-1 · permitted uses
PCC-1 · 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
RETAIL STORES Current
Est. value
$31.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$30.1M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
2
Lot
5.52 ac
Current owner
From public records · entity-resolved
Jahan Realty Management Corp
Entity
Free & Clear · 20 yrs held
Mailing address
629 E DRINKER ST, DUNMORE, PA 18512-2549
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2005
$5,100,000
Jahan Realty Management Corp
Priest Capital Group LLC
Grant Deed
—
Sep 1, 2005
—
Gsa Property Management
Priest Capital Group LLC
Grant Deed
—
Aug 14, 2003
$2,850,000
Priest Capital Group LLC
Wilmington Trust Co
Grant Deed
related
$2,565,000 · Arizona State Compensation Fun
May 9, 1995
$450,000
Elliot St L L C
Grove Parkway Plaza LLC
Grant Deed
$600,000 · National Bank Canada
May 23, 1994
$600,000
Circle K Properties INC
Elliot And 56th
Grant Deed
—
Feb 7, 1994
—
Grove Parkway Plaza LLC
Elliot And 56th
Grant Deed
related
—
Jan 7, 1994
$1,178,935
Sports & Recreation INC
Elliot & 56th St
Trustees Deed
—
Jan 7, 1994
$666,600
Grove Parkway Plaza LLC
Elliot & 56th St
Trustees Deed
—
Jul 13, 1993
—
Elliot,& 56th St LLC
Stewart Trust 23
Grant Deed
related
—
May 4, 1993
$1,890,000
R R Stolworthy INC
Fdic
Trustees Deed
$1,200,000 · Seller Carry Back
May 4, 1993
—
Stewart,title Trust #2372
Rr Stolworthy In
Trustees Deed
related
—
Nov 10, 1987
$2,729,714
Crow-elliot Ltd
—
Grant Deed
related
—
—
—
Wilmington Trust Company
—
Deed Of Trust
related
$3,227,000 · Midland Loan Services LP
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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