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Property profile & analytics
OFF-MARKET
Estimated value
$9,100,000
Flex space
15490 83rd Way, Scottsdale, AZ 85260-1821
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-0398781
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1996
Construction
CONCRETE
Total area
26,300 SF
Lot
1.7 ac (74,000 SF)
Zoning code
I-1
APN
215-48-006
UPID
US07-0398781
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
-
Freight Sales Inc Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.10M
CAP Approach
CAP
$5.60M
Comparable Approach
Comparable
$5.68M
Blend (final)
Blend
$9.10M
Owner & transaction history
Scottsdale Pcl Dc LLC · 1 yrs held
Scottsdale Pcl Dc LLC
since 2024
Last sale
$9.1M
7 recorded transactions
Zoning & alternative use
I-1 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.9M
+262.2%
Retail stores
$12.1M
+241.1%
Auto repair, garage
$10.8M
+205.2%
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
$9,100,000
ML approach
$9,100,000
CAP Approach
CAP Return
Estimation
6%
$6,065,000
6.5%
$5,600,000
7%
$5,200,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$12,860,000
Change: +262% · Conversion: Difficult
RETAIL STORES
$12,115,000
Change: +241% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,835,000
Change: +205% · Conversion: Easy
MEDICAL BUILDING
$9,190,000
Change: +159% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,690,000
Change: +60% · Conversion: Difficult
Blend value · Realmo final
$9.10M
Range $8.19M – $10.01M · ±10% · vs last sale $9.10M (Sep 16 2024)
Last sale anchor
$9.10M
Sep 16 2024
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
$346 / 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
$44,706
Tax year 2023
Assessed value
$919,116
Assessed 2024
Previous assessed
$919,116
+0.0% YoY
Effective rate
4.86%
On assessed value
Land market value
$1,956,300
Improvement market value
$3,614,100
Total market value
$5,570,400
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1996
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
26,300 SF
Lot
1.7 ac (74,000 SF)
Zoning code
I-1
APN
215-48-006
UPID
US07-0398781
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Scottsdale, AZ
Zoning I-1 · permitted uses
I-1 · 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
COMMERCIAL (GENERAL)
Est. value
$12.9M
RETAIL STORES
Est. value
$12.1M
AUTO REPAIR, GARAGE
Est. value
$10.8M
MEDICAL BUILDING
Est. value
$9.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.7M
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1996
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.7 ac
Current owner
From public records · entity-resolved
Scottsdale Pcl Dc LLC
Entity
Free & Clear · 1 yrs held
Mailing address
430 N PARKSON RD STE #160, HENDERSON, NV 89011-4040
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2024
$9,100,000
Scottsdale Pcl Dc LLC
Hayden Center Investments LLC
Special Warranty Deed
—
Jun 27, 2023
$7,870,000
Hayden Center Investments LLC
Louis Edward Santacruz
Special Warranty Deed
$6,568,834 · Alaska USA FCU
Jul 6, 2011
—
Les & Nss Trust
Santacruz Edward L & N Trust
Quit Claim Deed
related
—
Feb 1, 2000
$2,262,500
Santacruz Trust
Lorsch,david B & Cynthia F
Grant Deed
—
Oct 23, 1995
$323,945
David B Lorsch
Asm Investments
Grant Deed
$700,000
Mar 17, 1989
—
Valley National
Unknown
Grant Deed
related
—
—
—
David B Lorsch
—
Deed Of Trust
related
$400,000 · First Int'l Bank & Trust
—
—
A S M Inv
—
Deed Of Trust
related
$1,800,000 · Seller
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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