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Property profile & analytics
OFF-MARKET
Estimated value
$117,000,000
Parking lots & garages
15501 Dial Blvd Scottsdale, AZ 85260-1855
Entity Owned
2-yr Hold
Property ID
US07-2513217
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2019
Construction
CONCRETE
Total area
128,535 SF
Lot
3.93 ac (171,118 SF)
Zoning code
PUD
APN
215-44-080
UPID
US07-2513217
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
-
UnrealFi Loan Service Bank
-
House of Colour, Central Scottsdale, Lexi Rasmussen Consultant
-
Our Vacation Store Travel Agency Tour Operator
-
Scottsdale Grand Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$117.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$117.00M
Owner & transaction history
Sg Project Owner LLC · 2 yrs held
Sg Project Owner LLC
since 2024
Last sale
$117.0M
7 recorded transactions
Zoning & alternative use
PUD · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
-density Residential (R-3) • Landscape area not less than 35 feet deep from any street line Resort/Townhouse Residential (R-4R) • Based on approved landscape plan Regional Shopping Center (C-S) Planned Unit Development (PUD) • Required front yard shall be landscaped, except for driveways and sidewalks/trails • Street trees based on approved landscape plan Se…
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
124.81 ac
Top alternative use upside
Restaurant
$92.1M
+3,083.2%
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
$117,000,000
ML approach
$117,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$92,140,000
Change: +3,083% · Conversion: Difficult
Blend value · Realmo final
$117.00M
Range $105.30M – $128.70M · ±10% · vs last sale $117.00M (May 1 2024)
Last sale anchor
$117.00M
May 1 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
$910 / 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
$386,316
Tax year 2023
Assessed value
$11,544,780
Assessed 2024
Previous assessed
$11,544,780
+0.0% YoY
Effective rate
3.35%
On assessed value
Land market value
$23,089,500
Improvement market value
$92,358,300
Total market value
$115,447,800
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2019
Construction
CONCRETE
Heating
NONE
Buildings
7
Stories
5
Units
284
Total area
128,535 SF
Lot
3.93 ac (171,118 SF)
Zoning code
PUD
APN
215-44-080
UPID
US07-2513217
Jurisdiction
MARICOPA
Zoning & alternative use
PUD · Scottsdale, AZZoning PUD · permitted uses
PUD · Scottsdale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
-density Residential (R-3) • Landscape area not less than 35 feet deep from any street line Resort/Townhouse Residential (R-4R) • Based on approved landscape plan Regional Shopping Center (C-S) Planned Unit Development (PUD) • Required front yard shall be landscaped, except for driveways and sidewalks/trails • Street trees based on approved landscape plan Service Residential (S-R) Neighborhood Commercial (C-1) Central Business (C-2) Highwa
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
124.81 ac
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$92.1M
RESTAURANT
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
2019
Construction
CONCRETE
Heating
NONE
Stories
5
Buildings
7
Units
284
Lot
3.93 ac
Current owner
From public records · entity-resolved
Sg Project Owner LLC
Entity
Mailing address
2801 ALASKAN WAY STE #310, SEATTLE, WA 98121-1135
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2024
$117,000,000
Sg Project Owner LLC
Scottsdale Owner De LLC
Special Warranty Deed
$64,990,000 · Cbre Multifamily Capital INC
Aug 26, 2021
—
Scottsdale Owner De LLC
—
Deed
related
$85,800,000 · Deutsche Bank
Jul 9, 2021
$130,000,000
Scottsdale Owner De LLC
Daq Phase Two LLC
Special Warranty Deed
—
Dec 20, 2018
—
Daq Phase Two LLC
—
Grant Deed
related
$53,950,000 · Regions Bk
Jun 22, 2017
$12,750,000
Daq Phase Two LLC
Daq Phase One LLC
Grant Deed
—
Dec 16, 2016
$29,750,000
Daq Phase One LLC
Rowley Blue Water Investments LLC
Special Warranty Deed
$51,519,510 · Jpmorgan Chase Bank NA
Nov 20, 2009
$14,500,000
Rowley Blue Water Invs LLC
Cl Scottsdale LLC
Grant Deed
—
Mar 30, 2006
$23,000,000
Cl Scottsdale LLC
Lexington Scottsdale
Grant Deed
—
Apr 18, 2005
—
Lexington Scottsdale
Wells Operating Ptshp
Grant Deed
$14,170,000 · Jp Morgan Chase Bk
Mar 29, 2000
$10,000,000
Wells Operating Partnership LP
Ryan Companies Us INC
Grant Deed
$5,000,000 · Ryan Companies Us INC
Jan 8, 1997
$490,568
Ryan Companies Us INC
William J Breckner
Grant Deed
—
Mar 18, 1996
$337,265
William J Breckner
Broadmoor Enterprises INC
Grant Deed
—
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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