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Property profile & analytics
OFF-MARKET
Estimated value
$8,865,000
Commercial real estate
3512 Lockwood Dr Lakeside, AZ 85929-5404
Entity Owned
Free & Clear
Property ID
US07-1490554
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2004
Construction
CONCRETE
Total area
42,868 SF
Lot
2.45 ac (106,722 SF)
Zoning code
MUNICIPAL
APN
212-17-033F
UPID
US07-1490554
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
-
Arrowhead Drafting Architectural Salvage Store Architecture School
-
Joy's Furniture Gallery Furniture & Home Goods Home Decor Store
-
Ashley Store Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.21M
Comparable Approach
Comparable
$8.27M
Blend (final)
Blend
$8.87M
Owner & transaction history
CHEROKEE LAND CORP
CHEROKEE LAND CORP
Zoning & alternative use
MUNICIPAL · Lakeside, 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 Lakeside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakeside 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%
$11,060,000
6.5%
$10,210,000
7%
$9,480,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,970,000
Current use
OFFICE BUILDING
$6,705,000
Change: -4% · Conversion: Easy
RESTAURANT
$5,625,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$8.87M
Range $7.98M – $9.75M · ±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
$207 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$39,480
Tax year 2023
Assessed value
$635,781
Assessed 2025
Previous assessed
$528,420
+20.3% YoY
Effective rate
6.21%
On assessed value
Assessed land
$18,442
Assessed improvement
$617,339
Land market value
$102,454
Improvement market value
$3,429,662
Total market value
$3,532,116
Applied tax rate
3,262.0000
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
42,868 SF
Lot
2.45 ac (106,722 SF)
Zoning code
MUNICIPAL
APN
212-17-033F
UPID
US07-1490554
Jurisdiction
NAVAJO
Zoning & alternative use
MUNICIPAL · Lakeside, AZZoning MUNICIPAL · permitted uses
MUNICIPAL · Lakeside, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.0M
OFFICE BUILDING
Est. value
$6.7M
RESTAURANT
Est. value
$5.6M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
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
2004
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
2.45 ac
Current owner
From public records · entity-resolved
CHEROKEE LAND CORP
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 1258, LAKESIDE, AZ 85929-1258
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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