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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Office buildings
10565 114th St Ste 101, Scottsdale, AZ 85259-4942
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-1574754
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
STEEL FRAME
Total area
21,304 SF
Lot
0.05 ac (2,180 SF)
Zoning code
S-R
APN
217-56-873
UPID
US07-1574754
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
-
Nicole Kittelson: Allstate Insurance Insurance Agency
-
Artha Solutions (Bike/Boat/Book/etc) Store Corporate Office
-
Desmond Law, PLLC Law Firm
-
Amplifying Health Gym & Fitness Center Spa & Massage Center
-
Dr. Tracey D. Drummond, MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$747k
Blend (final)
Blend
$745k
Owner & transaction history
Fr3 LLC · 14 yrs held
Fr3 LLC
since 2011
2 recorded transactions
Zoning & alternative use
S-R · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Scottsdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scottsdale 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
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$35 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$3,327
Tax year 2022
Assessed value
$73,838
Assessed 2024
Previous assessed
$62,152
+18.8% YoY
Effective rate
4.51%
On assessed value
Land market value
$89,500
Improvement market value
$358,000
Total market value
$447,500
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
2005
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Total area
21,304 SF
Lot
0.05 ac (2,180 SF)
Zoning code
S-R
APN
217-56-873
UPID
US07-1574754
Jurisdiction
MARICOPA
Zoning & alternative use
S-R · Scottsdale, AZ
Zoning S-R · permitted uses
S-R · Scottsdale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Scottsdale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Fr3 LLC
Entity
Free & Clear · 14 yrs held
Mailing address
16426 E EMERALD DR, FOUNTAIN HILLS, AZ 85268-5406
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
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
Sep 12, 2011
$310,000
Fr3 LLC
Lfw Holdings LLC
Grant Deed
—
Jan 10, 2007
$403,240
Lfw Holdings LLC
Mirage Crossing Office LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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