Property profile

920 University Dr Tempe, AZ 85288

OFF-MARKET
Turn key restaurants
Property ID
US07-1199055
10,616 SF 7.99 ac lot Built 1985
Entity Owned 6-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1985
Construction CONCRETE
Total area 10,616 SF
Lot 7.99 ac (348,091 SF)
Zoning code PCC-1
APN 132-34-003Z
UPID US07-1199055

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Restaurant
  • Restaurant
  • Nail Salon
  • Bakery Take-out & Catering

Location

920 University Dr Tempe, AZ 85288-4298
Tempe metro Census 318400 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$11.91M
Blend (final) Blend
$10.72M

Owner & transaction history

since 2020
5 recorded transactions
2020
Price N/A
2014
$28.6M
1999
$10.0M
1999
$8.5M
1969
Price N/A

Zoning & alternative use

PCC-1 · Tempe, AZ
Zoning description

The neighborhood PCC-1 district is intended to provide retailing, services and entertainment uses oriented to serve the needs of the neighborhood, community or the metropolitan region. Residential uses may be allowed sub…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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