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

    15816 Pima Rd Scottsdale, AZ 85260-1918

    • Car washes
    • 3,742 SF
    • 1.39 lot acres
    OFF-MARKET
    Last Sale
    Jan 29, 2020
    $1,200,000
    Value Estimations
    $1,100,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0552791
    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

    • Shell / Grocery & Convenience Store
    • Chevron / Grocery & Convenience Store
    • Cobblestone Auto Spa / Car Wash

    Property Details for 15816 Pima Rd

    Year built
    1997
    Construction
    CONCRETE
    Lot size
    1.39 lot acres
    Property size
    3,742 SF
    Zone code
    C-3
    Property type
    Car washes
    APN
    215-51-011P
    APU
    21551011P

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $895,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,540,000
      Current use
      COMMERCIAL (GENERAL)
      $1,830,000
      Change: +19% Conversion: Moderate
      RETAIL STORES
      $1,725,000
      Change: +12% Conversion: Difficult
      MEDICAL BUILDING
      $1,305,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.893
    Latitude
    33.6295
    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
    2023
    $48,362
    $0.00
    $0.00
    $625,421
    -
    $3,072,300
    $718,133
    $3,790,433

    Comparable in this City

    • Value Estimation
      $3,170,000
      3,913 SF

      Scottsdale, AZ 85260

      CAR WASH • 3,913 SF
      Scottsdale, AZ 85260
      View Details
    • Value Estimation by Request
      7,620 SF

      7800 Greenway Rd

      PARKING GARAGE, PARKING STRUCTURE • 7,620 SF
      7800 Greenway Rd, Scottsdale, AZ 85260
      View Details
    • Value Estimation
      $725,000
      73,144 SF

      7301 Helm Dr

      PARKING GARAGE, PARKING STRUCTURE • 73,144 SF
      7301 Helm Dr, Scottsdale, AZ 85260-3115
      View Details
    • Value Estimation by Request
      48,000 SF

      7301 Helm Dr

      PARKING GARAGE, PARKING STRUCTURE • 48,000 SF
      7301 Helm Dr, Scottsdale, AZ 85260-3115
      View Details
    • Value Estimation
      $1,105,000
      3,936 SF

      8140 Butherus Dr

      VEHICLE SALES, RENTALS • 3,936 SF
      8140 Butherus Dr, Scottsdale, AZ 85260-2522
      View Details
    • Value Estimation by Request
      7,620 SF

      7800 Greenway Rd, Unit C170

      PARKING GARAGE, PARKING STRUCTURE • 7,620 SF
      7800 Greenway Rd, Scottsdale, AZ 85260
      View Details

    Similar Nearby for Sale

    • $12,850,000
      14,144 SF

      Scottsdale Airport Hangar For Sale

      Luxury hangar & office; 14,144 sq ft.
      7333 Helm Dr, Scottsdale, AZ 85260
      View Details
    • $9,500,000
      8,500 SF

      Scottsdale Retail Opportunity For Sale

      8,500 SF building on 4.51 net acres.
      13875 N Northsight Blvd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      50,320 SF

      Retail Space Near Loop 101

      Retail space available in Scottsdale near Loop 101.
      15444 N Frank Lloyd Wright Blvd, Scottsdale, AZ 85260
      View Details
    • $150,000
      1,200 SF

      Turnkey Restaurant in Scottsdale, Arizona

      Ready-to-operate Indian restaurant with prime location and favorable lease.
      14884 Rd N, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      11,079 SF

      North Scottsdale Retail Pad Space

      Prime location near Loop 101 and Scottsdale Airpark.
      15227 N 87Th St, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      1 SF

      Retail Space in Scottsdale Center

      Retail space available in affluent Scottsdale location near Loop 101.
      14696 N Frank Lloyd Wright Blvd, Scottsdale, AZ 85260
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Retail Space Near EOS Fitness

      Retail space for rent, anchored by EOS Fitness.
      14651-14987 N Northsight Blvd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      569,558 SF

      Scottsdale Retail Center Opportunity

      Prime Scottsdale location, multiple spaces available.
      0 Sec Frank Lloyd Wright & Scottsdale Rd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      15,301 SF

      Northsight Village Retail Center

      Prime Scottsdale Retail Space Available
      14651 Northsight Blvd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space in Scottsdale Center

      Retail space available in shopping center with national retailers.
      15560 N Frank Lloyd Wright Blvd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      1,360 SF

      Restaurant Space with Patio Available

      Second-generation restaurant opportunity with patio in Scottsdale, Arizona.
      7325 E Frank Lloyd Wright Blvd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      6,889 SF

      North Scottsdale Regional Power Center

      Class A retail space in a dynamic Scottsdale power center.
      15475 N Northsight Blvd, Scottsdale, AZ 85260
      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.
    15816 Pima Rd
    Scottsdale, AZ 85260-1918
    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.