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Property profile & analytics
OFF-MARKET
Estimated value
$21,520,000
Grocery and convenience stores
15660 Frank Lloyd Wright Blvd, Scottsdale, AZ 85260-2867
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-1051289
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1995
Construction
CONCRETE
Total area
50,320 SF
Lot
4.62 ac (201,291 SF)
Zoning code
C-2
APN
217-13-034M
UPID
US07-1051289
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
-
Albertsons Deli Grocery & Convenience Store Food Market
-
Mountainside Fitness Frank Lloyd Wright Gym & Fitness Center
-
Elizabeth Aniuk Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.79M
Comparable Approach
Comparable
$16.89M
Blend (final)
Blend
$21.52M
Owner & transaction history
Imagine Scottsdale Towne Center LLC · 5 yrs held
Imagine Scottsdale Towne Center LLC
since 2021
Last sale
$27.8M
7 recorded transactions
Zoning & alternative use
C-2 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$24.6M
+6.2%
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
$22,955,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$19,270,000
6.5%
$17,790,000
7%
$16,520,000
Alternative Use
Use
Estimation
RETAIL STORES
$23,175,000
Current use
COMMERCIAL (GENERAL)
$24,610,000
Change: +6% · Conversion: Easy
AUTO REPAIR, GARAGE
$20,735,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$21.52M
Range $19.37M – $23.67M · ±10% · vs last sale $27.75M (Mar 25 2021)
Last sale anchor
$27.75M
Mar 25 2021
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
$428 / 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
$100,972
Tax year 2023
Assessed value
$1,733,375
Assessed 2024
Previous assessed
$1,507,356
+15.0% YoY
Effective rate
5.83%
On assessed value
Land market value
$6,693,200
Improvement market value
$3,812,100
Total market value
$10,505,300
Applied tax rate
481,400.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1995
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
50,320 SF
Lot
4.62 ac (201,291 SF)
Zoning code
C-2
APN
217-13-034M
UPID
US07-1051289
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Scottsdale, AZ
Zoning C-2 · permitted uses
C-2 · 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
RETAIL STORES Current
Est. value
$23.2M
COMMERCIAL (GENERAL)
Est. value
$24.6M
AUTO REPAIR, GARAGE
Est. value
$20.7M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1995
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
4.62 ac
Current owner
From public records · entity-resolved
Imagine Scottsdale Towne Center LLC
Entity
Mailing address
3941 W MOHAVE ST #110, PHOENIX, AZ 85009-6600
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2021
$27,750,000
Imagine Scottsdale Towne Center LLC
Scottsdale Towne Center LLC
Special Warranty Deed
$21,450,000 · Oceanview Life And Annuity Company
Feb 8, 2018
—
Abs Sw Investor LLC
—
Loan Modification
related
—
Jul 9, 2014
—
Abs Sw Investor LLC
—
Loan Modification
related
$1,050,000,000 · Bank Of America
Mar 2, 2007
—
Abs Sw Investor LLC
—
Deed Of Trust
related
$945,000,000 · Greenwich Capital Fin'l INC
Jun 30, 2006
$4,600,000
Abs Sw Investor LLC
Albertsons LLC
Warranty Deed
—
Oct 5, 1998
—
Department Of Transportation
Dayton Hudson Corporation
Grant Deed
related
—
Dec 1, 1994
—
Scottsdale Towne Center L L C
Vestar Dev Co
Grant Deed
related
—
—
—
Abs Sw Investor LLC
—
Loan Modification
related
$300,000,000 · Credit Suisse Ag Cayman Iss Br
—
—
Abs Sw Investor LLC
—
Deed Of Trust
related
$1,145,000,000 · * Other Institutional Lenders
—
—
Abs Sw Investor LLC
—
Deed Of Trust
related
$1,150,000,000 · Citicorp Svgs/fl
—
—
Abs Sw Investor LLC
—
Deed Of Trust
related
$850,000,000 · Bank Of America
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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