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Property profile & analytics
OFF-MARKET
Estimated value
$8,605,000
Retail space
15090 Northsight Blvd Ste 105, Scottsdale, AZ 85260-2609
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US07-0135819
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
CONCRETE
Total area
11,000 SF
Lot
8.96 ac (390,178 SF)
Zoning code
C-3
APN
215-52-036L
UPID
US07-0135819
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.65M
Blend (final)
Blend
$8.61M
Owner & transaction history
Northsight LLC · 11 yrs held
Northsight LLC
since 2015
6 recorded transactions
Zoning & alternative use
C-3 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.9M
+55.7%
Commercial (general)
$5.4M
+6.2%
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
Alternative Use
Use
Estimation
RESTAURANT
$7,885,000
Change: +56% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,380,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$8.61M
Range $7.74M – $9.47M · ±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
$782 / 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
$234,307
Tax year 2023
Assessed value
$3,980,404
Assessed 2024
Previous assessed
$2,886,158
+37.9% YoY
Effective rate
5.89%
On assessed value
Land market value
$11,652,000
Improvement market value
$12,471,659
Total market value
$24,123,659
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
5
Stories
1
Units
5
Total area
11,000 SF
Lot
8.96 ac (390,178 SF)
Zoning code
C-3
APN
215-52-036L
UPID
US07-0135819
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Scottsdale, AZ
Zoning C-3 · permitted uses
C-3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$7.9M
COMMERCIAL (GENERAL)
Est. value
$5.4M
RESTAURANT
COMMERCIAL (GENERAL)
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
2001
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
5
Units
5
Lot
8.96 ac
Current owner
From public records · entity-resolved
Northsight LLC
Entity
Mailing address
6621 N SCOTTSDALE RD, SCOTTSDALE, AZ 85250-4421
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2015
$11,600,000
Northsight LLC
Northsight Shopping Center 04 E LLC
Special Warranty Deed
$8,800,000 · Starwood Mortgage Capital LLC
Nov 17, 2010
—
Northsight Shopping Center 04
—
Deed Of Trust
related
$8,000,000 · Alliance Bank Of Arizona
Jun 17, 2010
—
Northsight Shopping Center 04
Northsight Shopping Center 04
Quit Claim Deed
related
—
May 30, 2007
—
Northsight Shopping Center 04
Northsight Shopping Center 04
Quit Claim Deed
related
$29,600,000 · Royal Bank Of Canada
Jul 14, 2004
$28,250,000
Northsight Shopping Center
Gda Real Estate Services L
Grant Deed
related
—
Jul 14, 2004
$25,203,979
Gda Real Estate Services LLC
Audio & Sunset LLC
Grant Deed
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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