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Property profile & analytics
OFF-MARKET
Estimated value
$2,615,000
Grocery and convenience stores
910 Elliot Rd, Tempe, AZ 85284-1572
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-2758756
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1995
Construction
CONCRETE
Total area
16,744 SF
Lot
1.96 ac (85,247 SF)
Zoning code
PCC-1
APN
301-91-560A
UPID
US07-2758756
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
-
James Heating and Cooling Services Hardware & Home Improvement Home Appliance Store
-
Dollar Tree Grocery & Convenience Store
-
Spirit Halloween (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.00M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.62M
Owner & transaction history
John Russell Giannini · 4 yrs held
John Russell Giannini
since 2021
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
PCC-1 · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,165,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,255,000
6.5%
$3,000,000
7%
$2,790,000
Blend value · Realmo final
$2.62M
Range $2.35M – $2.88M · ±10% · vs last sale $2.65M (Oct 25 2021)
Last sale anchor
$2.65M
Oct 25 2021
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
$156 / 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
$49,703
Tax year 2023
Assessed value
$704,229
Assessed 2024
Previous assessed
$620,160
+13.6% YoY
Effective rate
7.06%
On assessed value
Land market value
$2,229,600
Improvement market value
$2,038,457
Total market value
$4,268,057
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1995
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
16,744 SF
Lot
1.96 ac (85,247 SF)
Zoning code
PCC-1
APN
301-91-560A
UPID
US07-2758756
Jurisdiction
MARICOPA
Zoning & alternative use
PCC-1 · Tempe, AZ
Zoning PCC-1 · permitted uses
PCC-1 · 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.
Building & site characteristics
From public records
Year built
1995
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.96 ac
Current owner
From public records · entity-resolved
John Russell Giannini
Individual
Mailing address
PO BOX 4477, HUNTINGTON BEACH, CA 92605-4477
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2021
$2,650,000
John Russell Giannini
Lif East Valley LLC
Special Warranty Deed
$1,722,500 · Firstbank
Mar 1, 2016
$3,500,000
Lif East Valley LLC
Mancebo LLC
Grant Deed
—
Jan 11, 2011
—
Phoenix 7 Portfolio LLC
—
Deed Of Trust
related
$26,450,000 · Resource R/e Funding Cd 2007-1
Sep 19, 2008
$6,061,664
Mancebo LLC
Phoenix 7 Portfolio LLC
Warranty Deed
—
May 23, 2007
$3,549,999
Phoenix 7 Portfolio LLC
Elliot Tempe Cvs LLC
Grant Deed
—
Jun 26, 2006
$3,550,000
Elliot Tempe Cvs LLC
Osco Drug Of Texas LLC
Quit Claim Deed
—
Dec 6, 2001
—
Osco Drug Of Texas INC
American Stores Properties INC
Grant Deed
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.
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