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Property profile & analytics
OFF-MARKET
Strip malls
15505 Scottsdale Rd Scottsdale, AZ 85254-2102
Entity Owned
6-yr Hold
Free & Clear
Property ID
US07-3284399
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1999
Construction
CONCRETE
Total area
38,967 SF
Lot
4.03 ac (175,444 SF)
Zoning code
C-3
APN
215-44-001U
UPID
US07-3284399
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
-
Arizona Rug Company Carpet Cleaning Service Rug Store
-
Pinnacle Bank Bank Loan Service
-
Zocallo Shopping Center & Mall
-
Tara Home Sacred Interiors Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Levine Investments Limited Partners · 6 yrs held
Levine Investments Limited Partners
since 2020
Last sale
$744,520
7 recorded transactions
Zoning & alternative use
C-3 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$136,373
Tax year 2023
Assessed value
$2,184,447
Assessed 2024
Previous assessed
$1,886,558
+15.8% YoY
Effective rate
6.24%
On assessed value
Land market value
$5,051,700
Improvement market value
$8,187,370
Total market value
$13,239,070
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
2
Total area
38,967 SF
Lot
4.03 ac (175,444 SF)
Zoning code
C-3
APN
215-44-001U
UPID
US07-3284399
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.
Building & site characteristics
From public records
Year built
1999
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
2
Lot
4.03 ac
Current owner
From public records · entity-resolved
Levine Investments Limited Partners
Entity
Free & Clear · 6 yrs held
Mailing address
2801 E CAMELBACK RD STE #450, PHOENIX, AZ 85016-4363
Ownership since
2020
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
Jun 30, 2020
$744,520
Levine Investments Limited Partners
Dd Zocallo LLC
Special Warranty Deed
—
Jun 30, 2020
—
Levine Investments Limited Partners
Dd Zocallo LLC
Re-recorded Document
related
—
Jun 3, 2016
$15,550,000
Levine Investments Limited Partners
Enright Zocallo LP
Cash Sale Deed
—
Jun 3, 2016
—
Levine Investments LP
Enright Zocallo LP
Grant Deed
related
—
Dec 28, 2011
$7,300,000
Enright Zocallo LP
Gecmc 2005-c2 Zocallo Retail L
Grant Deed
$3,840,000 · Alliance Bank Of Arizona
Dec 31, 2007
—
Zocallo Plaza 05 A LLC
Zocallo Plaza 05 B LLC
Quit Claim Deed
—
Mar 23, 2005
$19,200,000
Zocallo Plaza 05a LLC
Gda Real Estate Services LLC
Grant Deed
$17,120,000 · General Electric Capital Corp
Feb 24, 2000
—
Zocallo Furniture Plz LLC
Scottsdale Place 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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