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

    17040 Scottsdale Rd Scottsdale, AZ 85255-9600

    • Strip malls
    • 8,142 SF
    • 1.47 lot acres
    OFF-MARKET
    Last Sale
    Apr 29, 2025
    $5,850,000
    Value Estimations
    $4,260,000
    Show details
    Cap Rate Potential
    3.2%
    Strip malls
    Location Intelligence
    Property ID
    US07-1321078
    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

    • Persian Room Fine Dining / Persian Restaurant / Fine Dining Restaurant
    • Caspian Food Market / Grocery Store / Supermarket

    Property Details for 17040 Scottsdale Rd

    Year built
    2001
    Construction
    CONCRETE
    Lot size
    1.47 lot acres
    Property size
    8,142 SF
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    215-43-322A
    APU
    21543322A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,570,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,960,000
      6.5%
      $2,735,000
      7%
      $2,540,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,919,000
      Market price range: $303k - $3.24M
      AI Estimate
      $2,641,000
      Market price range: $208k - $3.15M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $5,835,000
      COMMERCIAL (GENERAL)
      $3,980,000
      RETAIL STORES
      $3,750,000
      AUTO REPAIR, GARAGE
      $3,355,000
      MEDICAL BUILDING
      $2,845,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.926
    Latitude
    33.6411
    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
    $38,877
    $0.00
    $0.00
    $537,412
    -
    $1,881,500
    $1,375,544
    $3,257,044

    Comparable in this City

    • Value Estimation
      $4,225,000
      10,770 SF

      8900 Pinnacle Peak Rd, Unit 204

      SHOPPING CENTER, STRIP CENTER • 10,770 SF
      8900 Pinnacle Peak Rd, Scottsdale, AZ 85255-3644
      View Details
    • Value Estimation
      $1,205,000
      19,483 SF

      18850 Pima Rd Ste, Unit 110

      SHOPPING CENTER, STRIP CENTER • 19,483 SF
      18850 Pima Rd Ste, Scottsdale, AZ 85255-5397
      View Details
    • Value Estimation
      $1,205,000
      19,483 SF

      18850 Pima Rd Ste, Unit 100

      SHOPPING CENTER, STRIP CENTER • 19,483 SF
      18850 Pima Rd Ste, Scottsdale, AZ 85255-5397
      View Details
    • Value Estimation
      $2,845,000
      7,243 SF

      23341 Pima Rd Ste, Unit 134

      SHOPPING CENTER, STRIP CENTER • 7,243 SF
      23341 Pima Rd Ste, Scottsdale, AZ 85255-8384
      View Details
    • Value Estimation
      $1,225,000
      7,740 SF

      8936 Pinnacle Peak Rd

      SHOPPING CENTER, STRIP CENTER • 7,740 SF
      8936 Pinnacle Peak Rd, Scottsdale, AZ 85255-3619
      View Details
    • Value Estimation by Request
      1.68 Acres

      18211 Pima Rd

      SHOPPING CENTER, STRIP CENTER • 1.68 Acres
      18211 Pima Rd, Scottsdale, AZ 85255-5695
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      New Scottsdale Retail Investment Opportunity

      Newly built, fully occupied retail property in prime Scottsdale location.
      20001 North Scottsdale Rd, Scottsdale, AZ 85255
      View Details
    • Contact for pricing
      575,000 SF

      Scottsdale Retail Center

      Prime Scottsdale location, 575,000 SF retail space.
      20001 Scottsdale Rd, Scottsdale, AZ 85255
      View Details
    • Contact for pricing
      15,725 SF

      Scottsdale Road Retail Space Available

      Retail space available in prominent Scottsdale retail trade area.
      17757 North Scottsdale Rd, Scottsdale, AZ 85255
      View Details
    • $11,380,000
      10,616 SF

      Scottsdale Retail Investment Opportunity

      Prime Scottsdale Retail Center, 5 Tenants
      101 Scottsdale Rd, Scottsdale, AZ 85255
      View Details
    • $275,000
      1.85 Acres

      Scottsdale Land with Horse Privileges

      Almost two acres in Pinnacle Peak Heights, priced below comparable properties.
      23437 N Church Rd, Scottsdale, AZ 85255
      View Details
    • $4,200,000
      3.72 Acres

      Scottsdale View Lot in Silverleaf

      Prestigious 3.72-acre view lot with building envelope.
      11400 E Hideaway Ln, Scottsdale, AZ 85255
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,932 SF

      Retail Space in Grayhawk Community

      Retail shops and pads for lease near Loop 101.
      20567 N Hayden Rd, Scottsdale, AZ 85255
      View Details
    • Contact for pricing
      1 SF

      Retail Space in Affluent Scottsdale

      Retail opportunity in high-income North Scottsdale neighborhood.
      23251 N Pima Rd, Scottsdale, AZ 85255
      View Details
    • Contact for pricing
      2,489 SF

      Retail Space in Grayhawk Community

      Retail property for lease in Scottsdale's Hayden Peak Crossing.
      20343 N Hayden Rd, Scottsdale, AZ 85255
      View Details
    • Contact for pricing
      1,678 SF

      Scottsdale Retail Space For Rent

      Retail space in North Scottsdale, anchored by specialty grocer.
      18261-18281 N Pima Rd, Scottsdale, AZ 85255
      View Details
    • Contact for pricing
      5,010 SF

      Grayhawk Plaza Retail Space

      Retail space in master-planned community anchored by major tenants.
      20831 N Scottsdale Rd, Scottsdale, AZ 85255
      View Details
    • Contact for pricing
      1,388 SF

      Scottsdale Retail Space For Rent

      Retail space available in Scottsdale, near restaurants and wellness options.
      7609 E Pinnacle Peak Rd, Scottsdale, AZ 85255
      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.
    17040 Scottsdale Rd
    Scottsdale, AZ 85255-9600
    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.