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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Commercial land
2145 Lemon St Tempe, AZ 85281-4808
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-0058868
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1960
Construction
CONCRETE
Total area
1,851 SF
Lot
0.26 ac (11,440 SF)
Zoning code
R-4
APN
132-72-030B
UPID
US07-0058868
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$725k
Owner & transaction history
TEMPE HOUSING LLC
TEMPE HOUSING LLC
Zoning & alternative use
R-4 · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
l Planned Area Development (R1-PAD) (requires a PAD Overlay) D. Multi-Family Residential (R-2) E. Multi-Family Residential Restricted (R-3R) F. Multi-Family Residential Limited (R-3) G. Multi-Family Residential General (R-4) H. Multi-Family Residential High Density (R-5) I. Manufactured Housing Subdivision (MHS) J. Mobile Home Residence (RMH) K. Trailer Park…
Zone name
Multifamily Residential General
General category
CIVIC_INSTITUTIONAL
Zone area
562.34 ac
Source
zoning and development code
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
$392 / 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 2016Property tax & assessments
Tax year 2016
Tax billed
$1,704
Tax year 2016
Assessed value
$17,160
Assessed 2017
Previous assessed
$17,160
+0.0% YoY
Effective rate
9.93%
On assessed value
Assessed land
$17,160
Land market value
$114,400
Total market value
$114,400
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1960
Construction
CONCRETE
Heating
FLOOR/WALL FURNACE
Cooling
EVAPORATIVE
Stories
1
Total area
1,851 SF
Lot
0.26 ac (11,440 SF)
Zoning code
R-4
APN
132-72-030B
UPID
US07-0058868
Jurisdiction
MARICOPA
Zoning & alternative use
R-4 · Tempe, AZZoning R-4 · permitted uses
R-4 · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
l Planned Area Development (R1-PAD) (requires a PAD Overlay) D. Multi-Family Residential (R-2) E. Multi-Family Residential Restricted (R-3R) F. Multi-Family Residential Limited (R-3) G. Multi-Family Residential General (R-4) H. Multi-Family Residential High Density (R-5) I. Manufactured Housing Subdivision (MHS) J. Mobile Home Residence (RMH) K. Trailer Park (TP) (Ord. No. 2005.46, 8-18-2005) Section 2-103 - Commercial and Mixed-Use Distri
Zone name
Multifamily Residential General
General category
CIVIC_INSTITUTIONAL
Zone area
562.34 ac
Source
zoning and development code
Building & site characteristics
From public records
Year built
1960
Construction
CONCRETE
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
TEMPE HOUSING LLC
Entity
Free & Clear · 0 yrs held
Mailing address
201 BRADENTON AVE STE #120, DUBLIN, OH 43017-3540
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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