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7707 S Kyrene Rd, Tempe, AZ 85284
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Property summary
AI-generated overview
Retail space situated on a hard corner, providing opportunities for exterior signage. The building includes approximately 1,193 square feet of retail area. The location is approximately 1.5 miles east of I-10, with reported traffic volumes of about 55,000 vehicles per day and a daytime population of about 137,315 within a 3-mile radius.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
CONCRETE
Total area
15,588 SF
Lot
2.1 ac (91,420 SF)
Zoning code
PCC-1
APN
301-52-983
UPID
US07-0874511
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
-
IT Consulting Firm Tech Support Center
-
Hair Salon
-
Hair Salon
-
Barber Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.28M
Blend (final)
Blend
$10.30M
Owner & transaction history
since 2022
Last sale
$11.3M
7 recorded transactions
Zoning & alternative use
PCC-1 · Tempe, AZ
Zoning description
The neighborhood PCC-1 district is intended to provide retailing, services and entertainment uses oriented to serve the needs of the neighborhood, community or the metropolitan region. Residential uses may be allowed sub…
General category
COMMERCIAL
Top alternative use upside
Restaurant
$10.9M
+38.8%
Auto repair, garage
$10.7M
+36.9%
Industrial (general)
$8.2M
+5.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 11 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$10.30M
Value range
$9.27M – $11.33M
±10% around blend
Estimated value / SF
$661 / SF
Confidence
High
11 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
Income certainty
100
$9.27M
blend $10.30M
$11.33M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
15,588 SF
Lot area
2.1 ac
Year built
2006
Stories
1
APN
301-52-983
Zoning
PCC-1
Assessed value
$617,806
Annual tax
$33,634
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$33,634
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$6.67M
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.8 mi away · 17,400 SF
5.2 mi away · 15,076 SF
11.0 mi away · 15,200 SF
12.6 mi away · 11,020 SF
18.2 mi away · 11,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$10.30M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 53 sales
$502
+32%
County 626 sales
$316
+109%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $661/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+39%
vs current-use indication
Auto Repair, Garage
Industrial (general)
Retail Stores
Neighborhood: Shopping Center · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 11 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
2.10%
Selected cap rate for this strip malls
Derived from the Tempe market rent, vacancy and expense benchmarks for this use type.
NOI (est.)
$21k *
Last sale · Jul 2022
$11.25M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$986k
Move the market yield to see immediate price impact.
Value / SF
$63
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
1.60%2.10%2.60%
$19k
$1.17M
$888k
$717k
$21k
$1.29M
$986k
$797k
$23k
$1.42M
$1.09M
$876k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$3.50M
0.3 mi · Jan 2026 · $312/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$33,634
Tax year 2023
Assessed value
$617,806
Assessed 2024
Previous assessed
$539,529
+14.5% YoY
Effective rate
5.44%
On assessed value
Land market value
$1,382,400
Improvement market value
$2,361,877
Total market value
$3,744,277
Applied tax rate
281,600.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
2006
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
15,588 SF
Lot
2.1 ac (91,420 SF)
Zoning code
PCC-1
APN
301-52-983
UPID
US07-0874511
Jurisdiction
MARICOPA
Zoning & alternative use
PCC-1 · Tempe, AZZoning PCC-1 · permitted uses
PCC-1 · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The neighborhood PCC-1 district is intended to provide retailing, services and entertainment uses oriented to serve the needs of the neighborhood, community or the metropolitan region. Residential uses may be allowed sub…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
2.1 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
PCC-1
COMMERCIAL
Jurisdiction
Tempe, AZ
Recorded code
PCC-1
Official district
PCC-1
Official district profile
What the municipal code says about PCC-1
Zoning description
The neighborhood PCC-1 district is intended to provide retailing, services and entertainment uses oriented to serve the needs of the neighborhood, community or the metropolitan region. Residential uses may be allowed sub…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PCC-1 in Tempe, AZ.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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