Technical
Financial
Distress signals
Property profile

970 University Dr Tempe, AZ 85288

OFF-MARKET
Strip malls
Property ID
US07-1362813
2.62 ac lot
Entity Owned 1-yr Hold Free & Clear
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Lot 2.62 ac (114,301 SF)
Zoning code PCC-1
APN 132-34-003M
UPID US07-1362813

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
  • Academic Department

Location

970 University Dr Tempe, AZ 85288-4276
Tempe metro Census 318400 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2024
5 recorded transactions
2024
Price N/A
2022
Price N/A
2014
$28.6M
1999
$10.0M
1999
$8.5M

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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