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Property profile & analytics
OFF-MARKET
Estimated value
$12,270,000
Commercial land
16640 Scottsdale Rd Scottsdale, AZ 85254-1590
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0372969
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1998
Construction
CONCRETE
Total area
15,740 SF
Lot
1.89 ac (82,111 SF)
Zoning code
C-2
APN
215-43-325
UPID
US07-0372969
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.34M
Blend (final)
Blend
$12.27M
Owner & transaction history
Sbl Holdings LLC · 4 yrs held
Sbl Holdings LLC
since 2021
Last sale
$12.3M
7 recorded transactions
Zoning & alternative use
C-2 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.3M
+46.6%
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
$10,245,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,695,000
Current use
RESTAURANT
$11,285,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$12.27M
Range $11.04M – $13.50M · ±10% · vs last sale $12.25M (Dec 15 2021)
Last sale anchor
$12.25M
Dec 15 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
$780 / 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
$70,758
Tax year 2023
Assessed value
$622,635
Assessed 2024
Previous assessed
$951,150
-34.5% YoY
Effective rate
11.36%
On assessed value
Land market value
$4,150,900
Total market value
$4,150,900
Applied tax rate
691,300.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
15,740 SF
Lot
1.89 ac (82,111 SF)
Zoning code
C-2
APN
215-43-325
UPID
US07-0372969
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
COMMERCIAL (GENERAL) Current
Est. value
$7.7M
RESTAURANT
Est. value
$11.3M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
1998
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
1.89 ac
Current owner
From public records · entity-resolved
Sbl Holdings LLC
Entity
Mailing address
8432 E SHEA BLVD STE #100, SCOTTSDALE, AZ 85260-6668
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
Dec 15, 2021
$12,250,000
Sbl Holdings LLC
Bell 166 LLC
Special Warranty Deed
$8,664,000 · Bokf NA
Feb 7, 2020
$6,650,000
166 LLC
Amiel Propertiel LLC
Special Warranty Deed
$3,500,000 · Metro Phoenix Bank
Jul 2, 2018
$2,800,000
Standard Ins Co
Amiel Properties LLC
Grant Deed
—
Jul 2, 2018
—
Amiel Properties LLC
—
Deed
related
$2,800,000 · Miscellaneous Ins Co
Jan 10, 2000
—
Amiel Properties LLC
Amiel,claude N
Quit Claim Deed
related
—
Mar 1, 1999
—
Claude N Amiel
Amiel,claude N
Quit Claim Deed
related
—
Jul 23, 1997
$1,100,000
Claude N Amiel
Gateway S B INC
Grant Deed
$1,431,000 · Wells Fargo Bank
—
—
Amiel Properties LLC
—
Deed Of Trust
related
$500,000 · Irwin Union Bank Fsb
—
—
Amiel Properties LLC
—
Deed Of Trust
related
$2,000,000 · Irwin Union Bank Fsb
—
—
Amiel Properties LLC
—
Deed Of Trust
related
$2,800,000 · Miscellaneous Ins Co
—
—
Amiel Properties LLC
—
Deed Of Trust
related
$3,000,000 · Standard Insurance Co
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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