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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10609 Frank Lloyd Wright Blvd Scottsdale, AZ 85259-2660

    • Office buildings
    • 7,230 SF
    • 2.41 lot acres
    OFF-MARKET
    Last Sale
    Jan 31, 2022
    $2,515,000
    Value Estimations
    $2,290,000
    Show details
    Cap Rate Potential
    5.4%
    Office buildings
    Location Intelligence
    Property ID
    US07-1358094
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Smiles by Design / Dental Implants Periodontist / Emergency Dental Service
    • Dainty Designs / Permanent Make-Up Clinic
    • Dr. Zana Alnaqib / Cosmetic Dentist
    • Desert Valley Cosmetic & Medical Tattoo / Permanent Make-Up Clinic

    Property Details for 10609 Frank Lloyd Wright Blvd

    Year built
    2000
    Construction
    CONCRETE
    Lot size
    2.41 lot acres
    Property size
    7,230 SF
    Zone code
    C-3
    Property type
    Office buildings
    APN
    217-32-515
    APU
    21732515

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,250,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,035,000
      6.5%
      $1,880,000
      7%
      $1,745,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,535,000
      RETAIL STORES
      $3,330,000
      AUTO REPAIR, GARAGE
      $2,980,000
      MEDICAL BUILDING
      $2,525,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,565,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.834
    Latitude
    33.5831
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $34,509
    $0.00
    $0.00
    $659,241
    -
    $3,304,700
    $690,700
    $3,995,400

    Comparable in this City

    • Value Estimation by Request
      5,482 SF

      10715 Frank Lloyd Wright Blvd Ste, Unit 108

      OFFICE BUILDING • 5,482 SF
      10715 Frank Lloyd Wright Blvd Ste, Scottsdale, AZ 85259-2691
      View Details
    • Value Estimation
      $600,000
      9,632 SF

      10607 Frank Lloyd Wright Blvd Ste, Unit 201

      OFFICE BUILDING • 9,632 SF
      10607 Frank Lloyd Wright Blvd Ste, Scottsdale, AZ 85259-2698
      View Details
    • Value Estimation
      $500,000
      9,632 SF

      10607 Frank Lloyd Wright Blvd Ste, Unit 203

      OFFICE BUILDING • 9,632 SF
      10607 Frank Lloyd Wright Blvd Ste, Scottsdale, AZ 85259-2698
      View Details
    • Value Estimation
      $745,000
      21,304 SF

      10565 114th St Ste, Unit 101

      OFFICE BUILDING • 21,304 SF
      10565 114th St Ste, Scottsdale, AZ 85259-4942
      View Details
    • Value Estimation
      $790,000
      6,649 SF

      10625 Frank Lloyd Wright Blvd, Unit 102

      OFFICE BUILDING • 6,649 SF
      10625 Frank Lloyd Wright Blvd, Scottsdale, AZ 85259-2658
      View Details
    • Value Estimation by Request
      5,482 SF

      10715 Frank Lloyd Wright Blvd Ste, Unit 103

      OFFICE BUILDING • 5,482 SF
      10715 Frank Lloyd Wright Blvd Ste, Scottsdale, AZ 85259-2691
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,916 SF

      Scottsdale Professional Office Condo

      726 SF office condo in a desirable Scottsdale location.
      10733 N Frank Lloyd Wright Blvd, Scottsdale, AZ 85259
      View Details
    • $1,990,000
      11.69 Acres

      Scottsdale Mountain Top Land

      Rare 11-acre lot with 360-degree mountain and city views.
      14253 E Desert Cove Ave, Scottsdale, AZ 85259
      View Details
    • $1,295,000
      4.54 Acres

      Scottsdale Land in Shea Corridor

      Prime Scottsdale lot near McDowell Mountain Preserve, Mayo Clinic.
      10575 N 130Th St, Scottsdale, AZ 85259
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    • New
      $1,050,000
      0.45 Acres

      Scottsdale Homesite with Mountain Views

      Homesite in Ancala Country Club with panoramic mountain and city views.
      11523 E Dreyfus Ave, Scottsdale, AZ 85259
      View Details
    • $1,500,000
      4.09 Acres

      Scottsdale Land with Mountain Views

      Rare 4+ acre lot in guard-gated Ancala community.
      11706 E Dreyfus Ave, Scottsdale, AZ 85259
      View Details
    • Contact for pricing

      Scottsdale Self-Storage Facility for Sale

      970-unit self-storage facility available in Scottsdale, Arizona.
      11653 E Sahuaro Dr, Scottsdale, AZ 85259
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      1,619 SF

      Furnished Office Space Available

      Furnished office space with natural light and building signage.
      10601 N Frank Lloyd Wright Blvd, Scottsdale, AZ 85259
      View Details
    • Contact for pricing
      12,303 SF

      Scottsdale Medical Office Space

      Prime Scottsdale location, medical office suites.
      0 Shea Blvd, Scottsdale, AZ 85259
      View Details
    • Contact for pricing
      23,397 SF

      Scottsdale Office Space Available

      Prime Scottsdale location, flexible suites.
      10565 114Th St, Scottsdale, AZ 85259
      View Details
    • $30 SF/Yr
      796 SF

      Scottsdale Office Space For Rent

      Office space with unique architectural features and convenient freeway access.
      10751 N Frank Lloyd Wright Blvd, Scottsdale, AZ 85259
      View Details
    • Contact for pricing
      1,573 SF

      Scottsdale Neighborhood Retail Space

      Retail space in established North Scottsdale neighborhood center.
      11090-11162 N Frank Lloyd Wright Blvd, Scottsdale, AZ 85259
      View Details
    • Contact for pricing
      975 SF

      Scottsdale Retail Space For Rent

      Retail space available in established North Scottsdale neighborhood center.
      11291 Via Linda E, Scottsdale, AZ 85259
      View Details
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    Scottsdale, AZ 85259-2660
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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
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