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Property profile & analytics
OFF-MARKET Estimated value $3,010,000
Strip malls

10855 116th St Ste 110 Scottsdale, AZ 85259-4188

16,700 SF 1.27 ac lot Built 2004
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US07-3445632
Property summary
AI-generated overview

This exceptional retail opportunity is located in the highly desirable North Scottsdale submarket of Maricopa County, Arizona. Mountainside Plaza is a 16,581 square foot strip center at 10855 N 116th St, Scottsdale, AZ 85259. Currently, one suite totaling 960 square feet is available for lease. The property is situated in a vibrant and upscale area known for its picturesque desert landscapes and luxurious amenities. North Scottsdale boasts a diverse and affluent population with a median household income exceeding the national average. Residents enjoy proximity to upscale shopping, fine dining, golf courses, and exclusive resorts. The area offers a high quality of life, with well-maintained neighborhoods, gated communities, and access to the McDowell Sonoran Preserve for outdoor recreation. North Scottsdale also features a thriving cultural scene with art galleries, museums, and performance venues. Excellent public and private schools further enhance the area's appeal. This prime location offers unparalleled access to a sophisticated and active community, making it an ideal space for a variety of retail businesses. The property's strategic placement within this affluent area ensures high visibility and significant foot traffic, presenting a unique opportunity for growth and success. The available suite provides ample space for a variety of retail concepts.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2004
Construction CONCRETE
Total area 16,700 SF
Lot 1.27 ac (55,493 SF)
Zoning code C-3
APN 217-28-984
UPID US07-3445632
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
  • Flex PT Physician
  • Elite Nails Nail Salon
  • Quiet Spa Alternative Medicine Practice Spa & Massage Center
  • Stencil - A DIY Craft Studio Art Studio Craft Store
  • Rosati's Pizza Scottsdale Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.16M
Blend (final) Blend
$3.01M
Owner & transaction history
Mountainside Plaza LLC · 10 yrs held
Mountainside Plaza LLC
since 2015
7 recorded transactions
2015
$2.0M
2014
Price N/A
2013
$1.8M
2012
$1.4M
2011
Price N/A
2011
$2.6M
2009
$5.7M
Zoning & alternative use
C-3 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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