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    7325 E Belleview St Scottsdale, AZ 85257

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    Renovated 20-unit community near Old Town Scottsdale and ASU SkySong.

    Added:
    Jan 27, 2026
    Days on Market:
    94
    Last Refresh:
    Apr 5 at 11:28 pm

    Property Features for 7325 E Belleview St

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1969

    We can help!

    Listing Contact
    Ryan Ash

    Listing agent Ryan Ash

    Listing office

    Listing date Jan 27, 2026

    Source Nmrk

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Ryan Ash

    Overview

    Modern Scottsdale Apartments Near Old Town

    Fountain Villas is a 20-unit community located in South Scottsdale, near Old Town Scottsdale and adjacent to SkySong, the ASU Scottsdale Innovation Center. The property has undergone interior and exterior renovations and capital improvements. Unit interiors feature modern shaker cabinets, decorative glass tile backsplashes, quartz countertops, stainless-steel under mount sinks with retractable anodized bronze accordion faucets, stainless-steel appliances, built-in microwaves, and dishwashers. New ceramic tile, waterproof wood plank flooring, dual draft ceiling fans, and in-unit washer and dryer are installed. Bathrooms include tiled showers, shaker bathroom vanities with quartz countertops, low-flow toilets, and anodized bronze faucets and fixtures. Exterior improvements include smooth stucco exterior with new paint and trim, outdoor lounge chairs and shade sail around the pool, low-maintenance desert rock landscape, trees, and flowering bushes. Most units have private block patios with wrought iron gates and artificial grass.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fountain Villas Housing Complex Case, Huff and Associates Property Management Company The Last Wish Foundation Charitable Organization Client Generators Marketing & Advertising

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.922
    Latitude
    33.4612

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    FAQs

    What type of property is this?
    Apartment building - Renovated 20-unit community near Old Town Scottsdale and ASU SkySong.
    Where is this apartment building located?
    The property is located at 7325 E Belleview St Scottsdale, AZ.
    What are key features of this property?
    This property features: Prime location in South Scottsdale, minutes from Old Town Scottsdale and adjacent to SkySong (ASU Scottsdale Innovation Center).; Extensively renovated interiors with **modern finishes including shaker cabinets, quartz countertops, stainless steel appliances, and in‑unit washer/dryers.**; Significant exterior capital improvements including modern stucco, desert landscaping, and a renovated pool area with sail shade and lounge chairs.
    (602) 852-3784
    We can help!
    Listing Contact
    Ryan Ash
    Learn More
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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.

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    7325 E Belleview St, Scottsdale, AZ 85257

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