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Property profile & analytics
OFF-MARKET
Estimated value
$430,000
Grocery and convenience stores
808 Priest Dr Tempe, AZ 85281-5203
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-0886245
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1984
Construction
CONCRETE
Total area
4,235 SF
Lot
0.34 ac (14,854 SF)
Zoning code
CSS
APN
124-60-025
UPID
US07-0886245
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
-
Subway Take-out & Catering
-
Shell Gas Station
-
ABC Roofing Company - New Roof Roofing Company General Contractor
-
Mega HVAC Repair-Services Co Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$430k
Owner & transaction history
Cp 2004 Station 4 LLC · 13 yrs held
Cp 2004 Station 4 LLC
since 2013
5 recorded transactions
Zoning & alternative use
CSS · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
balconies, pedestrian arcades, covered (non-enclosed) bicycle parking and similar architectural features placed on or in front of the street-facing side of the building are allowed within the setback. d Properties zoned CSS adjacent to residentially zoned properties are required a minimum ten (10) foot side yard setback on the side adjacent to the residentia…
Zone name
Commercial Shopping And Service
General category
COMMERCIAL
Zone area
420.54 ac
Source
zoning and development code
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
Blend value · Realmo final
$430k
Range $387k – $473k · ±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
$102 / 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
$8,303
Tax year 2023
Assessed value
$78,029
Assessed 2024
Previous assessed
$68,051
+14.7% YoY
Effective rate
10.64%
On assessed value
Land market value
$101,600
Improvement market value
$371,300
Total market value
$472,900
Applied tax rate
31,600.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
4,235 SF
Lot
0.34 ac (14,854 SF)
Zoning code
CSS
APN
124-60-025
UPID
US07-0886245
Jurisdiction
MARICOPA
Zoning & alternative use
CSS · Tempe, AZZoning CSS · permitted uses
CSS · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
balconies, pedestrian arcades, covered (non-enclosed) bicycle parking and similar architectural features placed on or in front of the street-facing side of the building are allowed within the setback. d Properties zoned CSS adjacent to residentially zoned properties are required a minimum ten (10) foot side yard setback on the side adjacent to the residential property. (U) Denotes use permit requirement in these Districts. Table 5-611B - T
Zone name
Commercial Shopping And Service
General category
COMMERCIAL
Zone area
420.54 ac
Source
zoning and development code
Building & site characteristics
From public records
Year built
1984
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Cp 2004 Station 4 LLC
Entity
Free & Clear · 13 yrs held
Mailing address
2601 W DUNLAP AVE STE #10, PHOENIX, AZ 85021-2711
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2013
—
Cp 2004 Station 4 LLC
Equilon Enterprises LLC
Re-recorded Document
related
—
Nov 18, 2004
$1,100,000
Cp 2004 Station 4 LLC
Equilon Enterprises LLC
Grant Deed
related
—
Jul 2, 1998
—
Equilon Enterprises LLC
Texaco Refining & Marketing
Grant Deed
related
—
Jan 11, 1990
—
Texaco Refining
Cardon
Grant Deed
related
—
—
—
Cp 2004 Station 4 LLC
—
Deed Of Trust
related
$2,008,000 · J P Morgan Chase Bank
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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