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Property profile & analytics
OFF-MARKET
Estimated value
$63,005,000
Specialty properties
10921 115th St Scottsdale, AZ 85259-8110
Individually Owned
7-yr Hold
Absentee Owner
Property ID
US07-0975790
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2004
Construction
STEEL FRAME
Total area
3,743 SF
Lot
6.09 ac (265,280 SF)
Zoning code
R-5
APN
217-28-007X
UPID
US07-0975790
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
-
The Aliante By Picerne Apartment Building Apartment Complex
-
Lost Dutchman Search Employment Agency
-
Fashion By Eliana Clothing Store
-
Service Leads, LLC Marketing & Advertising Advertising Agency
-
RBR Music Institute
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$65.49M
Blend (final)
Blend
$63.01M
Owner & transaction history
Dalton Thompson · 7 yrs held
Dalton Thompson
since 2018
7 recorded transactions
Zoning & alternative use
R-5 · 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
$63.01M
Range $56.70M – $69.31M · ±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
$16,833 / 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
$144,186
Tax year 2023
Assessed value
$5,138,810
Assessed 2024
Previous assessed
$3,926,460
+30.9% YoY
Effective rate
2.81%
On assessed value
Land market value
$10,277,600
Improvement market value
$41,110,500
Total market value
$51,388,100
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
23
Stories
1
Units
142
Total area
3,743 SF
Lot
6.09 ac (265,280 SF)
Zoning code
R-5
APN
217-28-007X
UPID
US07-0975790
Jurisdiction
MARICOPA
Zoning & alternative use
R-5 · Scottsdale, AZ
Zoning R-5 · permitted uses
R-5 · 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
2004
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Buildings
23
Units
142
Lot
6.09 ac
Current owner
From public records · entity-resolved
Dalton Thompson
Individual
Mailing address
9201 N 25TH AVE STE #140, PHOENIX, AZ 85021-2722
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2018
—
Dalton Thompson
Dunchunstang,thupten Y
Warranty Deed
related
—
Jan 30, 2018
—
Picerne Scottsdale Adobe LLC
—
Deed
related
$15,300,000 · Miscellaneous Ins Co
Mar 31, 2011
—
Picerne Scottsdale Adobe LLC
—
Deed Of Trust
related
$65,000,000 · Rbs Citizens Bank NA
Sep 6, 2002
—
Picerne Scottsdale Adobe LLC
Grat,tr
Grant Deed
related
—
Jul 3, 1997
—
Picerne Investment Corp
Picerne Development Corp
Quit Claim Deed
related
—
Jan 15, 1993
—
Picerne Investment Corp
Picerne Developm
Quit Claim Deed
related
—
Apr 27, 1987
—
Scottdale Activi
—
Deed Of Trust
related
—
—
—
Picerne Scottsdale Adobe LLC
—
Deed Of Trust
related
$15,300,000 · Miscellaneous Ins Co
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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