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    The Largest CRE Database in the US with Over 1 Million Listings

    42143 N 108Th Pl, Unit 36 Scottsdale, AZ 85262

    Sponsored
    For Sale
    $7,000,000

    LAND - Scottsdale, AZ

    Lot size:
    0.72 Acres
    Days on Market:
    55
    Last Refresh:
    Feb 3 at 9:06 am

    Property Features for 42143 N 108Th Pl

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R1-10
    APN
    219-47-487
    Lot size
    0.72 Acres

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Jeff Barchi

    RE/MAX Fine Properties (480) 792-9500

    Listing agent Jeff Barchi (602) 558-5200

    Listing date Dec 11, 2025

    MLS# 6842561 Listing URL

    Copyright © 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Premium Homesite in Desert Mountain

    Located in the premier golf and outdoor recreation-based community of Desert Mountain in north Scottsdale, Arizona, this lot offers a unique opportunity. Situated high at approximately 3,350 feet in one of the highest villages in Maricopa County, it features southern exposure and panoramic views of city lights, the McDowell Mountains, and winter sunsets. The property benefits from no extraordinary construction costs and is free from noise from major internal roads, Cave Creek Road, or golf course activity. The site encompasses 31,260 square feet, enhanced by an adjacent 76,110 square foot HOA-owned parcel, effectively creating over 107,000 square feet of combined privacy. The building envelope is 18,272 square feet, suitable for a 6,000+ square foot single-level home. An ideal northwest entry point allows for functional design, with visitor parking to the north and garage to the northeast, positioning the kitchen and family rooms to the sunny east and southeast. Southern views are 100% protected, and southeast views to the McDowell Mountains are also protected. This homesite is ideal for a sophisticated investor focused on generational wealth and lifestyle-oriented property, understanding the value of real estate in private, gated golf communities. It is suited for those who desire to preserve and grow wealth through assets valued for lifestyle return as much as financial performance, particularly in scenic Arizona.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Bar & Pub Coworking & Hybrid Office

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.845318
    Latitude
    33.867224

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    FAQs

    What type of property is this?
    Land - Rare opportunity to secure a premium homesite in Scottsdale, Arizona.
    Where is this land located?
    The property is located at 42143 N 108Th Pl, Unit 36 Scottsdale, AZ.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: - Panoramic city light, McDowell Mountain, and winter sunset views with protected southern exposure.; - Large effective lot size (over 107,000 sq. ft.) due to adjacent HOA-owned parcel, providing enhanced privacy.; - Located in Desert Mountain, a premier gated community with robust social, recreational, and lifestyle features, plus optional access to a top-ranked private club.
    (480) 792-9500
    Request Owner's contact information
    42143 N 108Th Pl, Unit 36 Scottsdale, AZ 85262
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    Scottsdale, AZ 85262
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    42143 N 108Th Pl, Unit 36 Scottsdale, AZ 85262
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    We can help!
    Listing Contact
    Jeff Barchi
    Real Estate License ID: SA514876000
    (480) 792-9500
    Learn more
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