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Property profile & analytics
FOR LEASE
Parking lots & garages
4500 South Lakeshore Dr, Tempe, AZ 85282
Entity Owned
34-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0922216
For Lease
1 / 2
$24 SF/Yr
4500 South Lakeshore Dr, Tempe, AZ 85282
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1985
Construction
CONCRETE
Total area
115,542 SF
Lot
5.67 ac (246,969 SF)
Zoning code
PCC-2
APN
133-38-425
UPID
US07-0922216
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
-
Protos Software LLC (Bike/Boat/Book/etc) Store Corporate Office
-
YAY Realty Real Estate Agency
-
Jane H Debrown Physician Medical Clinic
-
Untapped Potential Sports Psychology Physician Medical Clinic
-
Hegarty-Haynes Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$45.42M
Blend (final)
Blend
$45.22M
Owner & transaction history
D H S Property I · 34 yrs held
D H S Property I
since 1991
4 recorded transactions
Zoning & alternative use
PCC-2 · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$68.5M
+153.6%
Retail stores
$60.8M
+125.4%
Neighborhood: shopping center
$59.2M
+119.2%
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
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
INDUSTRIAL (GENERAL)
$68,470,000
Change: +154% · Conversion: Difficult
RETAIL STORES
$60,845,000
Change: +125% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$59,170,000
Change: +119% · Conversion: Difficult
OFFICE BUILDING
$34,990,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$45.22M
Range $40.70M – $49.74M · ±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
$391 / 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
$239,880
Tax year 2023
Assessed value
$3,117,847
Assessed 2024
Previous assessed
$1,966,050
+58.6% YoY
Effective rate
7.69%
On assessed value
Land market value
$3,172,800
Improvement market value
$15,723,240
Total market value
$18,896,040
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
For Lease
Year built
1985
Construction
CONCRETE
Heating
NONE
Buildings
3
Stories
1
Units
3
Total area
115,542 SF
Lot
5.67 ac (246,969 SF)
Zoning code
PCC-2
APN
133-38-425
UPID
US07-0922216
Jurisdiction
MARICOPA
Zoning & alternative use
PCC-2 · Tempe, AZ
Zoning PCC-2 · permitted uses
PCC-2 · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tempe. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$68.5M
RETAIL STORES
Est. value
$60.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$59.2M
OFFICE BUILDING
Est. value
$35.0M
INDUSTRIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1985
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
3
Units
3
Lot
5.67 ac
Current owner
From public records · entity-resolved
D H S Property I
Entity
Mailing address
1661 N SWAN RD STE #128, TUCSON, AZ 85712-4051
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1991
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2020
—
Dhs Property Investments Lllp
—
Deed
related
$8,100,000 · Bankers Trust Company NA
Jan 22, 2004
—
Dhs Property Investments
—
Trustees Deed
related
$12,350,000 · Sun Life Assurance Co
Dec 11, 1991
$3,997,500
D H S Property I
Valley National
Grant Deed
$750,000 · Valley National Bank
—
—
Dhs Property Investments LP
—
Deed Of Trust
related
$9,900,000 · Sun Life Assurance Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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