Ground-Level Residential
New
For Sale
$499,900
5200 S Lakeshore Drive #111, Tempe, AZ 85283
Three bedrooms, two bathrooms, and shared recreation amenities serve residents in the Lakeshore community.
Property Size1,742 SF
Price / SF$286.97
Days on Market4
Property Features for 5200 S Lakeshore Drive #111
General Information
Standard status
Active
Size
1,742 SF
Property subtype
Apartment
Site & Location
Neighborhood
Harbour Village
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,817
Amenities
pool
spa
clubhouse
heated pool
fitness center
racquetball courts
tennis courts
pickleball
walking/biking paths
covered patio
stone fireplace
Full Bth Master Bdrm
Separate Shwr & Tub
Double Vanity
Eat-in Kitchen
Granite Counters
High Speed Internet
9+ Flat Ceilings
No Interior Steps
Storage
Building Details
Building Size
1,742 SF
Year Built
1988
Stories
1
Listing Agency:
ALASKA A LA CARTE REALTY
Listed By:
Andrea Barker · License #RECB15913
(907) 590-2300
Source:
Arizonaalacarterealty
Added: Oct 22
Last Checked: Oct 23 at 9:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ALASKA A LA CARTE REALTY
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Investment Insights
Based on property information with market context.
This 1,742-square-foot, ground-level residence has three bedrooms and two bathrooms. The family room features a stone fireplace and sliding glass doors that open to a covered patio. The kitchen includes white cabinetry, granite countertops, stainless-steel appliances, and an adjacent dining area. The primary suite has dual vanities and a glass-enclosed shower; the third bedroom can also function as an office, study, or guest room.
Community amenities include a pool, spa, clubhouse, fitness center, racquetball and tennis courts, pickleball, and walking and biking paths. The property is located at 5200 S Lakeshore Drive in Tempe, within the Lakeshore community.
Community amenities include a pool, spa, clubhouse, fitness center, racquetball and tennis courts, pickleball, and walking and biking paths. The property is located at 5200 S Lakeshore Drive in Tempe, within the Lakeshore community.
Key Highlights
- 1,742‑square‑foot ground‑level residence with 3 bedrooms and 2 bathrooms
- Covered patio accessed through sliding glass doors
- Kitchen with granite countertops and stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,610
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,200
$472.2K
Cap Rate 7%
$337,286
$337.3K
Cap Rate 9%
$262,333
$262.3K
Market Conditions
NOI Build-Up for 1,742 SF
Gross rent
$45.6K $26.16/SF
− Vacancy
−$2.6K −$1.52/SF
EGI
$42.9K $24.64/SF
− OpEx
−$19.3K −$11.09/SF
NOI
$23.6K $13.55/SF
Area
Tempe, AZ
Vacancy
5.80%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,200
Cap Rate 7%
$337,286
Cap Rate 9%
$262,333
Alternative Uses
Best Use
Apartment 5plus
$337.3K
$295.1K – $393.5K
NOI $23,610 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$547.8K
$479.3K – $639.1K
NOI $38,346 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,301
Businesses Nearby
Explore this area
Business Placement
Demographics for 85283, AZ
45,736
Population
20,620
Households
2.2
Avg Household Size
35
Median Age
44%
College-Educated
93%
High-School Grad
8.8 sq mi
ZIP Area
5,197
Density / Sq Mi
$81,073
Median Household Income
$47,213
Median Earnings
$1,669
Median Rent
$409,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Three bedrooms, two bathrooms, and shared recreation amenities serve residents in the Lakeshore community.
Where is this residential income property located?
The property is located at 5200 S Lakeshore Drive #111 Tempe, AZ.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1,742‑square‑foot ground‑level residence with 3 bedrooms and 2 bathrooms; Covered patio accessed through sliding glass doors; Kitchen with granite countertops and stainless‑steel appliances
