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Property profile & analytics
OFF-MARKET
Estimated value
$13,325,000
Warehouses
14950 87th St, Scottsdale, AZ 85260
Entity Owned
5-yr Hold
Free & Clear
Property ID
US07-1654542
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2005
Total area
83,614 SF
Lot
2.78 ac (121,111 SF)
APN
215-52-034U
UPID
US07-1654542
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
-
Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.23M
Comparable Approach
Comparable
$16.34M
Blend (final)
Blend
$13.33M
Owner & transaction history
Ps Mountain West LLC · 5 yrs held
Ps Mountain West LLC
since 2021
Last sale
$15.0M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$18.1M
+40.7%
Office building
$13.5M
+4.7%
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
$12,410,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,170,000
6.5%
$11,230,000
7%
$10,430,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,860,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$18,095,000
Change: +41% · Conversion: Moderate
OFFICE BUILDING
$13,455,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$13.33M
Range $11.99M – $14.66M · ±10% · vs last sale $15.00M (Mar 24 2021)
Last sale anchor
$15.00M
Mar 24 2021
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
$159 / 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
$69,149
Tax year 2023
Assessed value
$1,857,596
Assessed 2024
Previous assessed
$1,545,096
+20.2% YoY
Effective rate
3.72%
On assessed value
Land market value
$3,175,200
Improvement market value
$8,082,958
Total market value
$11,258,158
Applied tax rate
691,400.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Buildings
5
Stories
2
Total area
83,614 SF
Lot
2.78 ac (121,111 SF)
APN
215-52-034U
UPID
US07-1654542
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$12.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.1M
OFFICE BUILDING
Est. value
$13.5M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2005
Stories
2
Buildings
5
Lot
2.78 ac
Current owner
From public records · entity-resolved
Ps Mountain West LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 25025, GLENDALE, CA 91221-5025
Ownership since
2021
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
Mar 24, 2021
$15,000,000
Ps Mountain West LLC
Wpc Wep Raintree Storage Jv LLC
Warranty Deed
—
Mar 24, 2021
—
Wsc Raintree Storage LLC
Wpc Wep Raintree Storage Jv LLC
Intrafamily Transfer
related
—
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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