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Property profile & analytics
OFF-MARKET
Estimated value
$7,555,000
Community centers
3975 Lockwood Dr, Phoenix, AZ 85050-8348
Individually Owned
19-yr Hold
Free & Clear
Property ID
US07-1873277
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2007
Construction
CONCRETE
Total area
24,971 SF
Lot
1.51 ac (65,699 SF)
Zoning code
S-1
APN
212-38-908
UPID
US07-1873277
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
-
Boy's & Girl's Club-Scottsdale Child Welfare Organization Charitable Organization
-
Hard Body Fitness LLC Gym & Fitness Center
-
Boys & Girls Clubs of Greater Scottsdale - Vestar Branch Child Welfare Organization Charitable Organization
-
Boys And Girls Club - Vestar Branch High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.92M
Blend (final)
Blend
$7.56M
Owner & transaction history
Boys & Girls Clubs Of Grtr Scotts · 19 yrs held
Boys & Girls Clubs Of Grtr Scotts
since 2006
1 recorded transaction
Zoning & alternative use
S-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.6M
+66.0%
Office building
$7.5M
+17.9%
Retail stores
$7.4M
+17.1%
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 Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix 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
NEIGHBORHOOD: SHOPPING CENTER
$6,355,000
Current use
AUTO REPAIR, GARAGE
$10,550,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$7,495,000
Change: +18% · Conversion: Moderate
RETAIL STORES
$7,440,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$6,630,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,480,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$7.56M
Range $6.80M – $8.31M · ±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
$303 / 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
$56,395
Tax year 2022
Assessed value
$953,606
Assessed 2024
Previous assessed
$927,840
+2.8% YoY
Effective rate
5.91%
On assessed value
Land market value
$1,716,300
Improvement market value
$4,641,074
Total market value
$6,357,374
Applied tax rate
691,300.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
24,971 SF
Lot
1.51 ac (65,699 SF)
Zoning code
S-1
APN
212-38-908
UPID
US07-1873277
Jurisdiction
MARICOPA
Zoning & alternative use
S-1 · Phoenix, AZ
Zoning S-1 · permitted uses
S-1 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.4M
AUTO REPAIR, GARAGE
Est. value
$10.6M
OFFICE BUILDING
Est. value
$7.5M
RETAIL STORES
Est. value
$7.4M
MEDICAL BUILDING
Est. value
$6.6M
WAREHOUSE, STORAGE
Est. value
$6.5M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.51 ac
Current owner
From public records · entity-resolved
Boys & Girls Clubs Of Grtr Scotts
Individual
Free & Clear · 19 yrs held
Mailing address
10515 E LAKEVIEW DR, SCOTTSDALE, AZ 85258-4965
Ownership since
2006
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
Oct 20, 2006
—
Boys & Girls Clubs Of Grtr Scotts
Edmunds-toll Construction
Grant 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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