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    Property profile & analytics

    851 University Dr Tempe, AZ 85281-3689

    • Strip malls
    • 9,075 SF
    • 1.56 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US07-2982048
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tempe Nails & Spa / Beauty Salon
    • AZ Tip & Toes Nails / Nail Salon

    Property Details for 851 University Dr

    Year built
    1981
    Construction
    CONCRETE
    Lot size
    1.56 lot acres
    Property size
    9,075 SF
    Zone code
    CSS
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    124-68-100
    APU
    12468100

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.952
    Latitude
    33.4215
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $28,020
    $0.00
    $0.00
    $259,875
    -
    $473,400
    $1,101,601
    $1,575,001

    Comparable in this City

    • Value Estimation by Request
      1,880 SF

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      SHOPPING CENTER, STRIP CENTER • 1,880 SF
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    • Value Estimation by Request
      5,298 SF

      1811 Apache Blvd, Unit 1005

      SHOPPING CENTER, STRIP CENTER • 5,298 SF
      1811 Apache Blvd, Tempe, AZ 85281-6088
      View Details
    • Value Estimation by Request
      7,850 SF

      403 University Dr

      SHOPPING CENTER, STRIP CENTER • 7,850 SF
      403 University Dr, Tempe, AZ 85281-5472
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    • Value Estimation by Request
      8,850 SF

      1835 University Dr

      SHOPPING CENTER, STRIP CENTER • 8,850 SF
      1835 University Dr, Tempe, AZ 85281-4254
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    • Value Estimation by Request
      12,192 SF

      1630 Apache Blvd

      SHOPPING CENTER, STRIP CENTER • 12,192 SF
      1630 Apache Blvd, Tempe, AZ 85281-5997
      View Details
    • Value Estimation by Request
      4,800 SF

      1513 Apache Blvd

      SHOPPING CENTER, STRIP CENTER • 4,800 SF
      1513 Apache Blvd, Tempe, AZ 85281-5922
      View Details

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    Similar Nearby for Lease

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      Retail Space Near Tempe Marketplace

      Retail space with high traffic, easy freeway access.
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    Property Visit Statistics

    • Visits by month
      16.6k
    • Visitors by month
      11.0k
    • Avg Time on site
      14 min
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    851 University Dr
    Tempe, AZ 85281-3689
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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