Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15620 Scottsdale Rd Scottsdale, AZ 85254-2124

    • Retail space
    • 11,407 SF
    • 0.80 lot acres
    OFF-MARKET
    Last Sale
    Jun 06, 2022
    $8,000,000
    Value Estimations
    $5,855,000
    Show details
    Cap Rate Potential
    3.5%
    Retail space
    Location Intelligence
    Property ID
    US07-0539259
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 15620 Scottsdale Rd

    Year built
    1998
    Construction
    CONCRETE
    Lot size
    0.80 lot acres
    Property size
    11,407 SF
    Zone code
    PAD
    Property type
    Retail space
    APN
    215-42-011
    APU
    21542011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,490,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,370,000
      6.5%
      $4,035,000
      7%
      $3,745,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,901,000
      Market price range: $2.97M - $8.97M
      AI Estimate
      $3,693,000
      Market price range: $2.69M - $8.88M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,255,000
      Current use
      RESTAURANT
      $8,175,000
      Change: +56% Conversion: Easy
      COMMERCIAL (GENERAL)
      $5,580,000
      Change: +6% Conversion: Easy
      AUTO REPAIR, GARAGE
      $4,700,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.926
    Latitude
    33.6283
    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
    2022
    $38,080
    $0.00
    $0.00
    $400,408
    -
    $1,025,400
    $1,401,314
    $2,426,714

    Comparable in this City

    • Value Estimation
      $1,725,000
      2,714 SF

      10830 Scottsdale Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,714 SF
      10830 Scottsdale Rd, Scottsdale, AZ 85254-5242
      View Details
    • Value Estimation
      $2,035,000
      3,398 SF

      7112 Mercer Ln

      RETAIL STORES (PERSONAL SERVICES) • 3,398 SF
      7112 Mercer Ln, Scottsdale, AZ 85254
      View Details
    • Value Estimation
      $1,560,000
      3,850 SF

      10822 Scottsdale Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,850 SF
      10822 Scottsdale Rd, Scottsdale, AZ 85254-5242
      View Details
    • Value Estimation
      $875,000
      2,648 SF

      10610 Scottsdale Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,648 SF
      10610 Scottsdale Rd, Scottsdale, AZ 85254-5240
      View Details
    • Value Estimation
      $950,000
      2,700 SF

      10612 71st Pl

      RETAIL STORES (PERSONAL SERVICES) • 2,700 SF
      10612 71st Pl, Scottsdale, AZ 85254
      View Details
    • Value Estimation
      $505,000
      646 SF

      6235 Bell Rd

      RETAIL STORES (PERSONAL SERVICES) • 646 SF
      6235 Bell Rd, Scottsdale, AZ 85254-6402
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      569,558 SF

      Scottsdale Retail Space For Sale

      Prime retail location in North Scottsdale's trade area.
      16231 N Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • $2,238,000
      900 SF

      Scottsdale Retail Investment Opportunity

      Starbucks-Leased Retail Building
      7050 E Shea Blvd, Scottsdale, AZ 85254
      View Details
    • Contact for pricing
      48,528 SF

      Scottsdale Retail Space For Sale

      Retail property in central Scottsdale near Paradise Valley and Gainey Ranch.
      6990 E Shea Blvd, Scottsdale, AZ 85254
      View Details
    • Contact for pricing
      19,246 SF

      Retail Space Near Kierland Commons

      Retail property near Scottsdale, high traffic, ample parking.
      6339 E Greenway Rd, Scottsdale, AZ 85254
      View Details
    • $686,900
      0.04 Acres

      5425 Bell Rd, Scottsdale, AZ 85254

      Commercial real estate • 0.04 Acres
      5425 Bell Rd, Scottsdale, AZ 85254
      View Details
    • $1,146,950
      3,277 SF

      Scottsdale Office Building For Sale

      3,277 SF office building with quality construction in Scottsdale.
      7010 E Acoma Dr, Scottsdale, AZ 85254
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Restaurant Space with Patio Available

      Second generation restaurant space with patio in Scottsdale, Arizona.
      16211 N Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Scottsdale Center

      Turnkey retail suite in established North Phoenix trade area.
      4811-4857 E Greenway Rd, Scottsdale, AZ 85254
      View Details
    • Contact for pricing
      1,214 SF

      Retail Space in Kierland Village

      Retail space for rent in Scottsdale's Kierland Village.
      6501 E Greenway Pkwy, Scottsdale, AZ 85254
      View Details
    • $8,000,000
      8,577 SF

      Scottsdale Retail/Office Space Available

      Retail or office space with parking and patio.
      15445 N Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • Contact for pricing
      1,000 SF

      Restaurant/Retail Space in Scottsdale, AZ

      Restaurant and retail spaces available in Scottsdale, Arizona.
      16455 N Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • $26 SF/Yr
      1,480 SF

      Retail Space on Bell Road

      1,480 SF retail space available for lease.
      6245 East Bell Rd, Scottsdale, AZ 85254
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15620 Scottsdale Rd
    Scottsdale, AZ 85254-2124
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.