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    Property profile & analytics

    908 Broadway Rd Tempe, AZ 85282-1502

    • Drive through restaurants
    • 2,636 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    $2,660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2340613
    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

    • Panda Express / Restaurant

    Property Details for 908 Broadway Rd

    Year built
    2013
    Construction
    STEEL FRAME
    Lot size
    0.46 lot acres
    Property size
    2,636 SF
    Zone code
    C-G
    Property type
    Drive through restaurants
    APN
    133-11-538
    APU
    13311538

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,957,000
      Market price range: $1.03M - $2.96M
      AI Estimate
      $2,362,000
      Market price range: $665k - $2.36M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,835,000
      Current use
      AUTO REPAIR, GARAGE
      $1,810,000
      Change: -1% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.926
    Latitude
    33.4078
    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
    $19,223
    $0.00
    $0.00
    $401,136
    -
    $1,601,100
    $830,030
    $2,431,130

    Comparable in this City

    • Value Estimation
      $2,475,000
      4,141 SF

      3255 48th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,141 SF
      3255 48th St, Tempe, AZ 85282-3148
      View Details
    • Value Estimation
      $2,830,000
      2,806 SF

      1674 Southern Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,806 SF
      1674 Southern Ave, Tempe, AZ 85282-5633
      View Details
    • Value Estimation
      $3,105,000
      3,079 SF

      5 Southern Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,079 SF
      5 Southern Ave, Tempe, AZ 85282-5129
      View Details
    • Value Estimation
      $660,000
      1,372 SF

      2602 Southern Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,372 SF
      2602 Southern Ave, Tempe, AZ 85282-4203
      View Details
    • Value Estimation
      $2,185,000
      2,166 SF

      3102 Ml Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,166 SF
      3102 Ml Ave, Tempe, AZ 85282-3654
      View Details
    • Value Estimation
      $2,700,000
      4,062 SF

      1325 Broadway Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,062 SF
      1325 Broadway Rd, Tempe, AZ 85282-1212
      View Details

    Similar Nearby for Sale

    • $1,475,000
      3,230 SF

      Tempe Hard Corner Building

      Hard corner building in Tempe with drive-through and large parking.
      833 W Broadway Rd, Tempe, AZ 85282
      View Details
    • Contact for pricing
      3,482 SF

      Tempe Restaurant - I-10 & US-60

      High-traffic Tempe restaurant, 3,482 SF.
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      Freestanding Restaurant Building in Tempe

      Fully fixturized restaurant for sale in a bustling Tempe location.
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      2,061 SF

      Retail Property Near Loop 101

      Retail property with existing building and access to Loop 101.
      2188 E Southern Ave, Tempe, AZ 85282
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      5,200 SF

      Tempe Redevelopment Opportunity

      Freestanding building and land available for redevelopment in Tempe.
      1301 E Broadway Rd, Tempe, AZ 85282
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    Similar Nearby for Lease

    • Contact for pricing

      Tempe Drive-Thru Restaurant Space

      Prime 3,143 SF commercial space with drive-thru in Tempe, AZ.
      5130 S Mcclintock Dr, Tempe, AZ 85282
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    • Contact for pricing
      1,117 SF

      Retail Space Near McClintock High

      Retail property near McClintock High School, Tempe, Arizona.
      3115-3223 S Mcclintock Dr, Tempe, AZ 85282
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      Restaurant Space in Prime Location

      Fully built-out restaurant space near Mill Avenue District and ASU.
      230 W Southern Ave, Tempe, AZ 85282
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      2,127 SF

      Retail Space Near ASU

      Retail space in Tempe, close to ASU and Downtown.
      764 W Broadway Rd, Tempe, AZ 85282
      View Details
    • Contact for pricing
      11,262 SF

      Tempe Retail Center: Prime Location

      High-traffic Tempe retail space; 6,550 sq ft available.
      3116 Mill Ave, Tempe, AZ 85282
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    • Contact for pricing
      6,630 SF

      Retail Space Near Aldi Grocery

      Retail space available near Aldi Grocery and Arizona State University.
      1715 E Southern Ave, Tempe, AZ 85282
      View Details

    Property Visit Statistics

    • Visits by month
      26.8k
    • Visitors by month
      23.2k
    • Avg Time on site
      13 min
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    908 Broadway Rd
    Tempe, AZ 85282-1502
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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