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Property profile & analytics
OFF-MARKET
Estimated value
$5,965,000
Flex space
15616 83rd Way Scottsdale, AZ 85260-1817
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-0326799
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2001
Construction
CONCRETE
Total area
22,967 SF
Lot
1.48 ac (64,480 SF)
Zoning code
I-1
APN
215-48-009
UPID
US07-0326799
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
-
MistAmerica Corp. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.89M
Comparable Approach
Comparable
$5.17M
Blend (final)
Blend
$5.97M
Owner & transaction history
Cimarron Industrial Partners LLC · 3 yrs held
Cimarron Industrial Partners LLC
since 2023
Last sale
$7.3M
7 recorded transactions
Zoning & alternative use
I-1 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.5M
+205.2%
Medical building
$8.0M
+158.8%
Neighborhood: shopping center
$5.0M
+60.3%
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
$6,000,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,295,000
6.5%
$4,890,000
7%
$4,540,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$9,465,000
Change: +205% · Conversion: Easy
MEDICAL BUILDING
$8,025,000
Change: +159% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,970,000
Change: +60% · Conversion: Difficult
OFFICE BUILDING
$3,695,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$5.97M
Range $5.37M – $6.56M · ±10% · vs last sale $7.30M (Jan 18 2023)
Last sale anchor
$7.30M
Jan 18 2023
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
$260 / 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
$41,400
Tax year 2023
Assessed value
$837,177
Assessed 2024
Previous assessed
$709,461
+18.0% YoY
Effective rate
4.95%
On assessed value
Land market value
$1,708,600
Improvement market value
$3,365,200
Total market value
$5,073,800
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
22,967 SF
Lot
1.48 ac (64,480 SF)
Zoning code
I-1
APN
215-48-009
UPID
US07-0326799
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
AUTO REPAIR, GARAGE
Est. value
$9.5M
MEDICAL BUILDING
Est. value
$8.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.0M
OFFICE BUILDING
Est. value
$3.7M
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2001
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
Cimarron Industrial Partners LLC
Entity
Mailing address
16420 N 92ND ST STE #211, SCOTTSDALE, AZ 85260-1955
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2023
$7,300,000
Cimarron Industrial Partners LLC
Bco 83 LLC
Special Warranty Deed
—
Apr 12, 2019
—
Bco 83 LLC
—
Deed
related
$2,100,000 · Standard Insurance Co
Jun 24, 2010
—
Bco 83 LLC
—
Deed Of Trust
related
$11,650,000 · Inland Bank & Trust
Sep 28, 2000
—
Bco 83 LLC
—
Grant Deed
related
$573,847 · Home National Bank
Dec 22, 1999
—
First Assembly Of God Phoenix
Boreyko,benson K
Quit Claim Deed
related
—
Dec 22, 1999
$780,000
Bco 83 LLC
Airpark Holdings V LLC
Trustees Deed
$600,000 · Home National Bank
Dec 22, 1999
$700,000
Airpark Holdings V LLC
First Assembly Of God Phoenix
Trustees Deed
related
—
Apr 15, 1999
$639,600
B K Boreyko
Sundial Holdings LLC
Grant Deed
—
Jun 17, 1997
$267,161
Holdings L L C Sundial
Stave Properties L L C
Quit Claim Deed
related
—
Dec 18, 1995
$267,161
Properties L L C Stave
Asm Investments
Grant Deed
—
Mar 30, 1990
—
A S M Inv
—
Deed Of Trust
related
—
Mar 17, 1989
—
Valley National
Unknown
Grant Deed
related
—
—
—
Bco LLC
—
Loan Modification
related
$2,100,000 · Inland Bk&tr
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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