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

    15081 Scottsdale Rd Scottsdale, AZ 85254

    • Office buildings
    • 172,254 SF
    • 2.68 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2332621
    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

    • Office buildings

    Property Details for 15081 Scottsdale Rd

    Year built
    2015
    Construction
    STEEL FRAME
    Lot size
    2.68 lot acres
    Property size
    172,254 SF
    Zone code
    PRC
    Property type
    Office buildings
    APN
    215-56-423
    APU
    21556423

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $80,471,000
      Market price range: $9.21M - $80.5M
      AI Estimate
      $80,471,000
      Market price range: $6.83M - $80.5M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $49,690,000
      Current use
      RESTAURANT
      $123,480,000
      Change: +149% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $84,235,000
      Change: +70% Conversion: Easy
      RETAIL STORES
      $79,335,000
      Change: +60% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $70,975,000
      Change: +43% Conversion: Difficult
      MEDICAL BUILDING
      $60,185,000
      Change: +21% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.923
    Latitude
    33.6233
    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
    $705,318
    $0.00
    $0.00
    $12,331,644
    -
    $3,558,800
    $71,178,435
    $74,737,235

    Comparable in this City

    • Value Estimation by Request
      202,691 SF

      14850 Scottsdale Rd

      OFFICE BUILDING • 202,691 SF
      14850 Scottsdale Rd, Scottsdale, AZ 85254-2798
      View Details
    • Value Estimation
      $38,485,000
      82,383 SF

      14636 Scottsdale Rd

      OFFICE BUILDING • 82,383 SF
      14636 Scottsdale Rd, Scottsdale, AZ 85254-2701
      View Details
    • Value Estimation
      $6,050,000
      12,952 SF

      11000 Scottsdale Rd Ste, Unit 210

      OFFICE BUILDING • 12,952 SF
      11000 Scottsdale Rd Ste, Scottsdale, AZ 85254-5235
      View Details
    • Value Estimation
      $1,825,000
      13,531 SF

      7020 Acoma Dr Ste, Unit 120

      OFFICE BUILDING • 13,531 SF
      7020 Acoma Dr Ste, Scottsdale, AZ 85254-3537
      View Details
    • Value Estimation
      $8,335,000
      22,136 SF

      14851 Scottsdale Rd

      OFFICE BUILDING • 22,136 SF
      14851 Scottsdale Rd, Scottsdale, AZ 85254-2790
      View Details
    • Value Estimation
      $6,960,000
      14,898 SF

      13402 Scottsdale Rd

      OFFICE BUILDING • 14,898 SF
      13402 Scottsdale Rd, Scottsdale, AZ 85254-4054
      View Details

    Similar Nearby for Sale

    • $1,146,950
      3,277 SF

      Scottsdale Office Building For Sale

      3,277 SF office building with quality construction in Scottsdale.
      7010 E Acoma Dr, Scottsdale, AZ 85254
      View Details
    • $1,800,000
      5,100 SF

      Upscale Office Building in Scottsdale

      Class A office space in Agua Caliente mixed-use center.
      10685 N 69Th St, Scottsdale, AZ 85254
      View Details
    • $868,000
      2,516 SF

      Scottsdale Office Condo For Sale

      2,516 SF office condo with functional layout in Scottsdale.
      5425 E Bell Rd, Scottsdale, AZ 85254
      View Details
    • $620,000

      Spacious Home in North Ranch

      Light-filled home with dual primary suites and community amenities.
      6314 E Kelton Ln, Scottsdale, AZ 85254
      View Details
    • $1,695,000
      1.00 Acre

      Scottsdale Acre Lot, No HOA

      One acre lot in Scottsdale near Kierland and Scottsdale Quarter.
      12602 N Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • $150,000
      3,630 SF

      Scottsdale Assisted Living Business Opportunity

      Successful assisted living business with high income and full staff.
      6228 E Assisted Living Ave, Scottsdale, AZ 85254
      View Details

    Similar Nearby for Lease

    • $37 SF/Yr
      129,392 SF

      Promenade Corporate Center Office Space

      Premier office space in Scottsdale with mountain views and modern amenities.
      16427 N Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • $34 SF/Yr
      82 SF

      Kierland Office Space For Rent

      Multi-level office buildings in the heart of Kierland with amenities.
      14648 N Scottsdale Rd | Scottsdale, Scottsdale, AZ 85254
      View Details
    • $34 SF/Yr
      106,000 SF

      Scottsdale Office Space Available

      Office building with 106000 square feet available for lease.
      14636 North Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • $41 SF/Yr
      210 SF

      Premier Office Building in Kierland

      Six-story office building in amenity-rich Kierland near Scottsdale Airpark.
      14850 N Scottsdale Rd | Scottsdale, Scottsdale, AZ 85254
      View Details
    • $25 SF/Yr
      35,218 SF

      Scottsdale Office Space For Rent

      Office space available in Scottsdale with car charging station.
      16260 N 71St St, Scottsdale, AZ 85254
      View Details
    • $31 SF/Yr
      50,141 SF

      Office Building with Greenway Frontage

      Office building for rent with proximity to Scottsdale Airport.
      6909 E Greenway Pky., Scottsdale, AZ 85254
      View Details
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    15081 Scottsdale Rd
    Scottsdale, AZ 85254
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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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