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    15255 Northsight Blvd Scottsdale, AZ 85260-2602
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    Property profile & analytics

    15255 Northsight Blvd Scottsdale, AZ 85260-2602


    • Outlet malls
    • 129,466 SF
    • 12.06 lot acres
    Off-Market
    Last Sale Dec 27, 2024
    $16,600,000
    Property ID
    US07-2854276
    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.

    Value Estimations
    $16,600,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • At Home / Home Decor Store / Department Store
    • higi / Physician
    • Walmart Fuel Station / Grocery & Convenience Store

    Property Details for 15255 Northsight Blvd

    Year built
    1999
    Lot size
    12.06 lot acres
    Property size
    129,466 SF
    Zone code
    C-3
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    215-52-101
    APU
    21552101

    Description

    This exceptional Scottsdale, Arizona storefront presents a compelling investment opportunity. The property, located at 15255 N Northsight Blvd, encompasses 128,159 square feet on a 12.06-acre lot and features a single-story building constructed in 2000. Currently 100% occupied by At Home, a national retailer with over 250 locations, the property benefits from a long-term absolute NNN lease expiring March 31, 2037, providing 12.4 years of remaining lease term. The lease includes 2% annual rent increases, ensuring consistent income growth. The property boasts a strong net operating income (NOI) of $1,078,857, resulting in a 6.50% capitalization rate and a price per square foot of $129.51. The asking price is $16,597,805. This prime location within a sought-after North Scottsdale retail corridor offers excellent visibility and accessibility, situated near major national retailers such as Walmart, Costco, Best Buy, and Target. The surrounding area demonstrates strong demographics, with a high average household income of $170,251 within a 5-mile radius and approximately 167,013 residents. The property's strong tenant, corporate guarantee, and long-term lease make it an attractive, low-risk investment with significant upside potential. The property's APN is 215-52-101. This is a rare opportunity to acquire a trophy asset in a thriving market.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $16,600,000
      ML approach
      $16,600,000

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


    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.895
    Latitude
    33.6223
    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
    $263,964
    $0.00
    $0.00
    $4,219,536
    -
    $13,432,000
    $12,140,945
    $25,572,945
    More about this property
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