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Property profile & analytics
OFF-MARKET
Estimated value
$3,110,000
Warehouses
8426 Kyrene Rd Tempe, AZ 85284-2106
Individually Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0748793
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
STEEL FRAME
Total area
12,500 SF
Lot
1.84 ac (80,194 SF)
Zoning code
GID
APN
301-53-003Q
UPID
US07-0748793
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
-
Blake & Richie's Love Shack Nightclub
-
Western Productions Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.11M
Blend (final)
Blend
$3.11M
Owner & transaction history
Red Headed Stepchild Son Of Son/b · 15 yrs held
Red Headed Stepchild Son Of Son/b
since 2011
7 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.9M
+21.5%
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
WAREHOUSE, STORAGE
$2,400,000
Current use
OFFICE BUILDING
$2,920,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$3.11M
Range $2.80M – $3.42M · ±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
$249 / 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
$13,605
Tax year 2023
Assessed value
$389,582
Assessed 2024
Previous assessed
$299,982
+29.9% YoY
Effective rate
3.49%
On assessed value
Land market value
$1,056,000
Improvement market value
$1,305,100
Total market value
$2,361,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Construction
STEEL FRAME
Heating
NONE
Cooling
EVAPORATIVE
Buildings
3
Stories
1
Units
2
Total area
12,500 SF
Lot
1.84 ac (80,194 SF)
Zoning code
GID
APN
301-53-003Q
UPID
US07-0748793
Jurisdiction
MARICOPA
Zoning & alternative use
GID · Tempe, AZ
Zoning GID · permitted uses
GID · 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
WAREHOUSE, STORAGE Current
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.9M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1974
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
2
Lot
1.84 ac
Current owner
From public records · entity-resolved
Red Headed Stepchild Son Of Son/b
Individual
Mailing address
6802 N 17TH PL, PHOENIX, AZ 85016-1006
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
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
Sep 2, 2016
—
Redheaded Stepchild Son Of Son & Ba
—
Deed
related
—
Feb 7, 2011
$275,000
Red Headed Stepchild Son Of Son/b
Cm Reo S1 LLC
Grant Deed
—
Apr 6, 2010
$600,000
Cm Reo S1 LLC
Nach Adam B
Trustees Deed
related
—
Dec 5, 2002
—
David J Royer
Royer,danielle S
Quit Claim Deed
related
—
Apr 21, 1997
$660,000
David J Royer
Kyrene L L C
Grant Deed
related
$755,000 · G E Capital Small Business Fin
Jun 27, 1995
$66,800
L L C Kyrene
W R K S INC
Grant Deed
related
$66,800 · Seller
—
—
L L C Kyrene
—
Deed Of Trust
related
—
—
—
Redheaded Stepchild Son Of Son & Ba
—
Loan Modification
related
—
—
—
Red Headed Stepchild Son Of A Son
—
Deed Of Trust
related
$500,000 · Bank 1440
—
—
David J Royer
—
Deed Of Trust
related
$150,000 · National Bank Arizona
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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