New search
Property profile & analytics
OFF-MARKET
Estimated value
$68,875,000
Flex space
8350 Kyrene Rd, Tempe, AZ 85284-2121
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0326954
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1999
Construction
CONCRETE
Total area
93,288 SF
Lot
4.86 ac (211,919 SF)
Zoning code
HID
APN
301-53-003G
UPID
US07-0326954
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
-
Watlow Electric Manufacturing Company Warehouse & Storage
-
Aspire Volleyball LLC Gym & Fitness Center
-
MaxQ Technology, LLC Industrial Manufacturer Factory
-
ALEXUS SOLAR Solar Energy Company
-
Champion auto lift Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$62.25M
Blend (final)
Blend
$68.88M
Owner & transaction history
Tempe 8000 Properties Bk67 LLC · 1 yrs held
Tempe 8000 Properties Bk67 LLC
since 2025
Last sale
$75.5M
7 recorded transactions
Zoning & alternative use
HID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$65.0M
+31.9%
Auto repair, garage
$64.1M
+30.0%
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)
$49,315,000
Current use
RESTAURANT
$65,030,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$64,130,000
Change: +30% · Conversion: Easy
RETAIL STORES
$49,125,000
Change: 0% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$46,840,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$68.88M
Range $61.99M – $75.76M · ±10% · vs last sale $75.50M (Dec 12 2024)
Last sale anchor
$75.50M
Dec 12 2024
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
$738 / 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
$106,575
Tax year 2023
Assessed value
$2,351,646
Assessed 2024
Previous assessed
$1,605,276
+46.5% YoY
Effective rate
4.53%
On assessed value
Land market value
$2,346,900
Improvement market value
$11,905,500
Total market value
$14,252,400
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
93,288 SF
Lot
4.86 ac (211,919 SF)
Zoning code
HID
APN
301-53-003G
UPID
US07-0326954
Jurisdiction
MARICOPA
Zoning & alternative use
HID · Tempe, AZ
Zoning HID · permitted uses
HID · 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
INDUSTRIAL (GENERAL) Current
Est. value
$49.3M
RESTAURANT
Est. value
$65.0M
AUTO REPAIR, GARAGE
Est. value
$64.1M
RETAIL STORES
Est. value
$49.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$46.8M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1999
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
4.86 ac
Current owner
From public records · entity-resolved
Tempe 8000 Properties Bk67 LLC
Entity
Mailing address
1255 23RD ST NW STE #250, WASHINGTON, DC 20037-1168
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2025
$75,500,000
Tempe 8000 Properties Bk67 LLC
Kyrene Property Owner LP
Special Warranty Deed
—
Dec 23, 2020
$54,927,472
Kyrene Property Owner LP
Ejm Kyrene Property LLC
Grant Deed
related
$206,418,600 · Rbc R/e Cap Corp
Dec 10, 2014
—
Ejm Kyrene Property LLC
—
Grant Deed
related
$20,500,000 · Miscellaneous Ins Co
Jun 26, 2002
—
Ejm Kyrene Spe LLC
Ejm Development Co
Quit Claim Deed
related
$17,545,000 · Lend Lease Mortgage Capital LP
Aug 2, 1999
$3,840,620
Ejm Kyrene LLC
Ejm Development Co
Grant Deed
related
—
Jun 30, 1998
$3,840,620
Ejm Development Co
Kyrene-22
Grant Deed
$1,928,000 · Wells Fargo Bank
Dec 22, 1997
$1,708,945
22 L L C Kyrene
M & B Capital Group L L C
Grant Deed
—
Jul 16, 1997
$572,300
M & B Capital Group L L C
Sheinbein Survivors Trust
Grant Deed
related
—
Oct 18, 1994
—
V S S Co
Bank One
Quit Claim Deed
related
—
Jun 8, 1994
—
Bank One Arizona
Vss Company INC
Grant Deed
related
—
Dec 21, 1993
$1,200,000
Vss Co INC
Sheinbein Trust
Trustees Deed
—
Dec 21, 1993
$767,500
Bank One Arizona
Vss Co INC
Trustees Deed
related
—
Nov 20, 1987
—
Libby Sheinbein
—
Deed Of Trust
related
—
Apr 8, 1987
—
Sheinbein Family
—
Deed Of Trust
related
—
—
—
Philip E Sheinbein
—
Deed Of Trust
related
—
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 8350 Kyrene Rd?
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.
