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Property profile & analytics
OFF-MARKET
Estimated value
$12,245,000
Outlet malls
950 Baseline Rd Tempe, AZ 85283-1688
Entity Owned
Absentee Owner
Free & Clear
Property ID
US07-2387348
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2012
Construction
CONCRETE
Total area
29,027 SF
Lot
3.44 ac (149,810 SF)
Zoning code
PCC-2
APN
133-38-497
UPID
US07-2387348
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
-
Arizona Boating & Watersports Publishing House Newspaper & Magazine
-
Barro's Pizza Restaurant
-
Chiropure Spine & Injury Alternative Medicine Practice
-
GREGORY MASSOUD Physician
-
DUKE KELLER Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.36M
Blend (final)
Blend
$12.25M
Owner & transaction history
City Of Tempe
City Of Tempe
since 2026
1 recorded transaction
Zoning & alternative use
PCC-2 · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$20.2M
+32.4%
Auto repair, garage
$20.0M
+30.5%
Industrial (general)
$15.3M
+0.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$15,285,000
Current use
RESTAURANT
$20,235,000
Change: +32% · Conversion: Easy
AUTO REPAIR, GARAGE
$19,955,000
Change: +31% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$15,345,000
Change: +0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$14,575,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$12.25M
Range $11.02M – $13.47M · ±10%
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
$422 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$77,239
Tax year 2022
Assessed value
$925,761
Assessed 2024
Previous assessed
$807,840
+14.6% YoY
Effective rate
8.34%
On assessed value
Land market value
$2,089,000
Improvement market value
$3,521,675
Total market value
$5,610,675
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2012
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
2
Total area
29,027 SF
Lot
3.44 ac (149,810 SF)
Zoning code
PCC-2
APN
133-38-497
UPID
US07-2387348
Jurisdiction
MARICOPA
Zoning & alternative use
PCC-2 · Tempe, AZ
Zoning PCC-2 · permitted uses
PCC-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$15.3M
RESTAURANT
Est. value
$20.2M
AUTO REPAIR, GARAGE
Est. value
$20.0M
INDUSTRIAL (GENERAL)
Est. value
$15.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.6M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2012
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
2
Lot
3.44 ac
Current owner
From public records · entity-resolved
City Of Tempe
Entity
Free & Clear · 0 yrs held
Mailing address
1155 KELLY JOHNSON BLVD STE #302, COLORADO SPRINGS, CO 80920-3958
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2026
—
City Of Tempe
Cc Fund 1 Big Lots LLC
Special Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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