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Property profile & analytics
FOR SALE
Retail space
15227 N 87Th St, Scottsdale, AZ 85260
Entity Owned
~
Est. High Equity
Property ID
US07-1366340
For Sale
1 / 14
$6,240,000
15227 N 87Th St, Scottsdale, AZ 85260
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
STEEL FRAME
Total area
11,300 SF
Lot
1.29 ac (56,119 SF)
Zoning code
C-3
APN
215-52-049
UPID
US07-1366340
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
-
Capriotti's Sandwich Shop Take-out & Catering
-
Express Employment Professionals Employment Agency
-
Starbucks Cafe & Coffee Shop
-
Vroom Scottsdale Sell Us Your Car® Center Car Dealership
-
Rapid iPhone Repair Computer & Electronic Repair Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.67M
Blend (final)
Blend
$6.24M
Owner & transaction history
Btc Enterprises LP
Btc Enterprises LP
since 2025
Last sale
$7.0M
5 recorded transactions
Zoning & alternative use
C-3 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.1M
+55.7%
Commercial (general)
$5.5M
+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
RETAIL STORES
$5,205,000
Current use
RESTAURANT
$8,100,000
Change: +56% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,525,000
Change: +6% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,655,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$6.24M
Range $5.62M – $6.86M · ±10% · vs last sale $6.96M (Nov 26 2025)
Last sale anchor
$6.96M
Nov 26 2025
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
$552 / 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
$44,886
Tax year 2023
Assessed value
$581,548
Assessed 2024
Previous assessed
$542,147
+7.3% YoY
Effective rate
7.72%
On assessed value
Land market value
$2,094,200
Improvement market value
$1,430,332
Total market value
$3,524,532
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
For Sale
Year built
2004
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
11,300 SF
Lot
1.29 ac (56,119 SF)
Zoning code
C-3
APN
215-52-049
UPID
US07-1366340
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
RETAIL STORES Current
Est. value
$5.2M
RESTAURANT
Est. value
$8.1M
COMMERCIAL (GENERAL)
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$4.7M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2004
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
Btc Enterprises LP
Entity
Mailing address
1233 WW LOOP S STE #1500, HOUSTON, TX 77027-9108
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2025
$6,960,000
Btc Enterprises LP
Hsb Northsight LLC
Special Warranty Deed
—
Jan 17, 2018
—
Hsb Northsight LLC
Raintree Pima LLC
Grant Deed
$2,308,605 · Miscellaneous Ins Co
Mar 18, 2014
$3,650,000
Raintree Pima LLC
Mdi Northsight LLC
Grant Deed
—
Jan 9, 2012
$3,725,595
Mdi Northsight LLC
Integrated Lender Services
Trustees Deed
related
—
Aug 31, 2004
$2,500,728
Justins Creative Mind LLC
Scottsdale Retail Shops Ll
Grant Deed
$3,376,000 · J P Morgan Chase Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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