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Property profile & analytics
OFF-MARKET
Estimated value
$2,120,000
Office buildings
10505 69th St Paradise Valley, AZ 85253-4532
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US07-0762237
Property summary
AI-generated overview
This exceptional single-story office building in Scottsdale, Arizona offers 2,055 square feet of traditional office space currently available for lease. Located at 10505 N 69th St, 85253, this property is situated in Maricopa County and zoned S-R. The building features excellent signage opportunities, making it ideal for businesses seeking high visibility. Its convenient location provides easy access to major transportation arteries, including Scottsdale Road and the Loop 101 and SR 51 freeways, ensuring effortless commutes for employees and clients. The property is within a short distance of a wide array of amenities, including over 50 restaurants, hotels, and public transportation options, offering employees and visitors a wealth of choices for dining, lodging, and commuting. The space is perfect for a variety of businesses and is available for multiple tenants. This is a fantastic opportunity to establish a presence in a thriving Scottsdale location with unparalleled convenience and accessibility. The building's prime location and abundant nearby amenities make it an attractive option for businesses seeking a high-profile address in a vibrant and dynamic area.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
CONCRETE
Total area
7,300 SF
Lot
0.31 ac (13,416 SF)
Zoning code
S-R
APN
175-50-017A
UPID
US07-0762237
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
$2.13M
Blend (final)
Blend
$2.12M
Owner & transaction history
Glonek Scottsdale Props LLC · 16 yrs held
Glonek Scottsdale Props LLC
since 2009
5 recorded transactions
Zoning & alternative use
S-R · Paradise Valley, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
town code
Top alternative use upside
Retail stores
$3.4M
+125.8%
Auto repair, garage
$3.0M
+102.0%
Medical building
$2.6M
+71.3%
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 Paradise Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paradise Valley 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
OFFICE BUILDING
$1,490,000
Current use
RETAIL STORES
$3,360,000
Change: +126% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,010,000
Change: +102% · Conversion: Difficult
MEDICAL BUILDING
$2,550,000
Change: +71% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,580,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$2.12M
Range $1.91M – $2.33M · ±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
$290 / 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
$11,873
Tax year 2023
Assessed value
$240,603
Assessed 2024
Previous assessed
$190,689
+26.2% YoY
Effective rate
4.93%
On assessed value
Land market value
$686,500
Improvement market value
$771,700
Total market value
$1,458,200
Applied tax rate
481,400.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
7,300 SF
Lot
0.31 ac (13,416 SF)
Zoning code
S-R
APN
175-50-017A
UPID
US07-0762237
Jurisdiction
MARICOPA
Zoning & alternative use
S-R · Paradise Valley, AZZoning S-R · permitted uses
S-R · Paradise Valley, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
town code
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.5M
RETAIL STORES
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Glonek Scottsdale Props LLC
Entity
Mailing address
11242 N 50TH ST, SCOTTSDALE, AZ 85254-5350
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2009
—
Glonek Scottsdale Props LLC
Glonek,richard J & Marsha K
Quit Claim Deed
—
Jul 19, 2007
—
Glonek Scottsdale Props LLC
Marchard Trust
Grant Deed
—
Jun 22, 1992
—
Richard Glonek
Glonek
Quit Claim Deed
related
—
—
—
Marchard,tr
—
Deed Of Trust
related
$193,440 · Bank Of America
—
—
Cochise Office Park Associates
—
Deed Of Trust
related
$1,020,000 · American Equity Inv Life Ins
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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