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Property profile & analytics
OFF-MARKET
Estimated value
$24,800,000
Retail properties & Spaces
5601 White Mtn Ave Lakeside, AZ 85929-5760
Entity Owned
12-yr Hold
Free & Clear
Property ID
US07-1324862
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1999
Construction
CONCRETE
Total area
203,623 SF
Lot
14 ac (609,840 SF)
Zoning code
MUNICIPAL
APN
212-03-001E
UPID
US07-1324862
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
$24.75M
Blend (final)
Blend
$24.80M
Owner & transaction history
Wal-mart Stores INC · 12 yrs held
Wal-mart Stores INC
since 2013
2 recorded transactions
Zoning & alternative use
MUNICIPAL · Lakeside, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$33.1M
+29.5%
Office building
$31.8M
+24.5%
Restaurant
$26.7M
+4.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$25,575,000
Current use
COMMERCIAL (GENERAL)
$33,115,000
Change: +29% · Conversion: Easy
OFFICE BUILDING
$31,845,000
Change: +25% · Conversion: Easy
RESTAURANT
$26,725,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$24.80M
Range $22.32M – $27.28M · ±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
$122 / 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
$223,513
Tax year 2023
Assessed value
$3,429,871
Assessed 2025
Previous assessed
$3,061,634
+12.0% YoY
Effective rate
6.52%
On assessed value
Assessed land
$119,193
Assessed improvement
$3,310,678
Land market value
$662,181
Improvement market value
$18,392,653
Total market value
$19,054,834
Applied tax rate
3,227.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
203,623 SF
Lot
14 ac (609,840 SF)
Zoning code
MUNICIPAL
APN
212-03-001E
UPID
US07-1324862
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
RETAIL STORES Current
Est. value
$25.6M
COMMERCIAL (GENERAL)
Est. value
$33.1M
OFFICE BUILDING
Est. value
$31.8M
RESTAURANT
Est. value
$26.7M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1999
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
14 ac
Current owner
From public records · entity-resolved
Wal-mart Stores INC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2013
—
Wal-mart Stores INC
Retail Trust III
Grant Deed
related
—
Oct 16, 2008
$7,267,373
Home Depot U S A INC
Credit Suisse Leasing 92a
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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