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

    16433 68th Pl, Unit 11 Scottsdale, AZ 85254-1500

    • Assisted living facilities
    • 3,218 SF
    • 0.18 lot acres
    OFF-MARKET
    Last Sale
    Sep 27, 2022
    $2,000,000
    Value Estimations
    $1,540,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-3122744
    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

    • Assisted living facilities

    Property Details for 16433 68th Pl

    Year built
    1985
    Construction
    FRAME
    Lot size
    0.18 lot acres
    Property size
    3,218 SF
    Zone code
    R-8
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    215-43-174
    APU
    21543174

    Description

    This exceptional 3,218 square foot, single-story healthcare facility presents a unique investment opportunity in Scottsdale, Arizona. Built in 1985 and extensively renovated in 2023, the property boasts 10 beds and is currently vacant, offering significant upside potential for a new owner-operator. Located at 16433 N 68th Pl, Scottsdale, AZ 85254, in Maricopa County, this Class B building sits on a R-8 zoned lot. The property features a convenient location, minutes from prominent shopping centers like The Promenade and Kierland Commons. The asking price is $1,528,550, translating to $475 per square foot and $152,855 per bed. The property is privately owned and includes one building with no loading docks or dock-high doors. While currently vacant, its versatile design allows for various uses, including assisted living, skilled nursing, behavioral health, or other residential healthcare applications. The property's recent renovation ensures it's ready for immediate occupancy and operation. This is a rare opportunity to acquire a fully furnished healthcare facility in a prime Scottsdale location. The APN is 21543174. The property is zoned R-8.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,540,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,575,000
      RETAIL STORES
      $1,480,000
      AUTO REPAIR, GARAGE
      $1,325,000
      MEDICAL BUILDING
      $1,125,000
      OFFICE BUILDING
      $930,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.933
    Latitude
    33.6355
    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
    $4,780
    $0.00
    $0.00
    $80,800
    -
    $161,600
    $646,400
    $808,000

    Comparable in this City

    • Value Estimation by Request
      2,559 SF

      6426 Beverly Ln, Unit 2

      HOMES (RETIRED, NURSING) • 2,559 SF
      6426 Beverly Ln, Scottsdale, AZ 85254-1432
      View Details
    • Value Estimation by Request
      2,725 SF

      5938 Grandview Rd

      HOMES (RETIRED, NURSING) • 2,725 SF
      5938 Grandview Rd, Scottsdale, AZ 85254-1287
      View Details
    • Value Estimation
      $1,000,000
      3,681 SF

      5119 Calavar Rd, Unit 2

      HOMES (RETIRED, NURSING) • 3,681 SF
      5119 Calavar Rd, Scottsdale, AZ 85254-2869
      View Details
    • Value Estimation
      $685,000
      2,623 SF

      17002 57th St, Unit 2

      HOMES (RETIRED, NURSING) • 2,623 SF
      17002 57th St, Scottsdale, AZ 85254-6406
      View Details
    • Value Estimation
      $775,000
      4,194 SF

      12201 61st St, Unit 2

      HOMES (RETIRED, NURSING) • 4,194 SF
      12201 61st St, Scottsdale, AZ 85254-4412
      View Details
    • Value Estimation
      $305,000
      3,011 SF

      5645 Nisbet Rd, Unit 20

      HOMES (RETIRED, NURSING) • 3,011 SF
      5645 Nisbet Rd, Scottsdale, AZ 85254-2433
      View Details

    Similar Nearby for Sale

    • $150,000
      3,630 SF

      Scottsdale Assisted Living Business Opportunity

      Successful assisted living business with high income and full staff.
      6228 E Assisted Living Ave, 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
    • $2,238,000
      900 SF

      Scottsdale Retail Investment Opportunity

      Starbucks-Leased Retail Building
      7050 E Shea Blvd, Scottsdale, AZ 85254
      View Details
    • $1,650,000
      0.86 Acres

      Scottsdale Land with Approved Plans

      0.86 acre lot with approved plans in Cactus Corridor.
      6601 E Clinton St, 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
    • $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
      1,800 SF

      Scottsdale Medical Office Space for Lease

      1,800 SF Available in Prime Location
      6345 Bell Rd, Scottsdale, AZ 85254
      View Details
    • $23 SF/Yr
      10,617 SF

      Scottsdale Medical Office Plaza

      Prime Scottsdale medical/office space available.
      4845 Thunderbird Rd, Scottsdale, AZ 85254
      View Details
    • Contact for pricing

      Medical Plaza Lease Opportunity

      Medical plaza for lease in established healthcare community.
      East Shea Blvd, Scottsdale, AZ 85254
      View Details
    • $31 SF/Yr
      80,409 SF

      Scottsdale Creative Office Space

      Modern Office Suites Available Now
      11333 Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • Contact for pricing
      73,000 SF

      Scottsdale Retail Center Opportunity

      High-traffic retail space, 3 units available
      7101 Thunderbird Rd, Scottsdale, AZ 85254
      View Details
    • $34 SF/Yr
      106,000 SF

      Prestigious Scottsdale Executive Office Space

      9,056 SF Class A Office Suite Available
      14636 Scottsdale 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.
    16433 68th Pl, Unit 11
    Scottsdale, AZ 85254-1500
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.