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Property profile & analytics
OFF-MARKET
Estimated value
$61,050,000
Parking lots & garages
58 Riv Dr Tempe, AZ 85288-3770
Individually Owned
4-yr Hold
Free & Clear
Property ID
US07-1728127
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2019
Total area
129,072 SF
Lot
6.58 ac (286,667 SF)
Zoning code
HID
APN
132-36-037
UPID
US07-1728127
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
-
Brandon Pavlovic at NFM Lending Loan Service Bank
-
Raquel Wilson at NFM Lending Loan Service Bank
-
Kb homes Housing Development
-
The Sandell Team - NFM Lending Loan Service Bank
-
Shane Staples at NFM Lending Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$61.16M
Blend (final)
Blend
$61.05M
Owner & transaction history
Rio 2100 Prop Maintenance Committee · 4 yrs held
Rio 2100 Prop Maintenance Committee
since 2021
1 recorded transaction
Zoning & alternative use
HID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$90.0M
+198.3%
Auto repair, garage
$88.7M
+194.2%
Retail stores
$68.0M
+125.4%
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
RESTAURANT
$89,970,000
Change: +198% · Conversion: Difficult
AUTO REPAIR, GARAGE
$88,725,000
Change: +194% · Conversion: Difficult
RETAIL STORES
$67,970,000
Change: +125% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$64,805,000
Change: +115% · Conversion: Difficult
Blend value · Realmo final
$61.05M
Range $54.95M – $67.16M · ±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
$473 / 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
Assessed value
$9,392,545
Assessed 2024
Previous assessed
$7,499,880
+25.2% YoY
Land market value
$9,460,000
Improvement market value
$53,156,965
Total market value
$62,616,965
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
Off-Market
Year built
2019
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
129,072 SF
Lot
6.58 ac (286,667 SF)
Zoning code
HID
APN
132-36-037
UPID
US07-1728127
Jurisdiction
MARICOPA
Zoning & alternative use
HID · Tempe, AZ
Zoning HID · permitted uses
HID · 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
RESTAURANT
Est. value
$90.0M
AUTO REPAIR, GARAGE
Est. value
$88.7M
RETAIL STORES
Est. value
$68.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$64.8M
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2019
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
6.58 ac
Current owner
From public records · entity-resolved
Rio 2100 Prop Maintenance Committee
Individual
Free & Clear · 4 yrs held
Mailing address
4350 E CAMELBACK RD STE A250, PHOENIX, AZ 85018-2779
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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 13, 2021
—
Rio 2100 Prop Maintenance Committee
City Of Tempe
Re-recorded Document
related
—
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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