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Property profile & analytics
OFF-MARKET
Individual retail properties
944 Ml Ave Tempe, AZ 85281-5605
Entity Owned
13-yr Hold
Free & Clear
Property ID
US07-0875632
Property profile
Verified
Property type
Individual retail properties
Use group
BARBER, HAIR SALON
Year built
1933
Construction
CONCRETE
Total area
1,740 SF
Lot
0.16 ac (7,000 SF)
Zoning code
CC
APN
132-42-047
UPID
US07-0875632
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
-
AirGarage Parking Lot & Garage
-
beauty by cindy Hair Salon Nail Salon
-
Flour and Thyme Restaurant
-
The Beauty Operator Organic Hair Studio Hair Salon
-
AZ Laser Hair Removal Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mill Properties Two LLC · 13 yrs held
Mill Properties Two LLC
since 2012
4 recorded transactions
Zoning & alternative use
CC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,632
Tax year 2023
Assessed value
$104,022
Assessed 2024
Previous assessed
$85,493
+21.7% YoY
Effective rate
6.38%
On assessed value
Land market value
$530,100
Improvement market value
$100,339
Total market value
$630,439
Applied tax rate
31,600.0000
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
Individual retail properties
Use group
BARBER, HAIR SALON
Status
Off-Market
Year built
1933
Construction
CONCRETE
Heating
FLOOR FURNACE
Cooling
EVAPORATIVE
Stories
1
Rooms
5
Total area
1,740 SF
Lot
0.16 ac (7,000 SF)
Zoning code
CC
APN
132-42-047
UPID
US07-0875632
Jurisdiction
MARICOPA
Zoning & alternative use
CC · Tempe, AZ
Zoning CC · permitted uses
CC · 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
1933
Construction
CONCRETE
Heating
FLOOR FURNACE
Cooling
Yes
Stories
1
Rooms
5
Lot
0.16 ac
Current owner
From public records · entity-resolved
Mill Properties Two LLC
Entity
Free & Clear · 13 yrs held
Mailing address
6131 E CALLE ROSA, SCOTTSDALE, AZ 85251-4222
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2012
—
Mill Properties Two LLC
Aossey Anace Trust
Quit Claim Deed
related
—
Sep 4, 2012
$1,000,000
Aossey Anace Trust
Hayes Warwick & Marcia Trust
Warranty Deed
—
Aug 24, 1995
$348,000
Warwick Hayes
Allyson H Cohan
Grant Deed
—
May 4, 1994
—
Warwick J Hayes III
First Interstate
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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