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Property profile & analytics
OFF-MARKET
Estimated value
$4,260,000
Strip malls
17040 Scottsdale Rd Scottsdale, AZ 85255-9600
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-1321078
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Construction
CONCRETE
Total area
8,142 SF
Lot
1.47 ac (64,243 SF)
Zoning code
C-2
APN
215-43-322A
UPID
US07-1321078
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
-
Persian Room Fine Dining Restaurant
-
Caspian Food Market Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.74M
Comparable Approach
Comparable
$2.92M
Blend (final)
Blend
$4.26M
Owner & transaction history
Jaylynn Properties LLC · 1 yrs held
Jaylynn Properties LLC
since 2025
Last sale
$5.9M
7 recorded transactions
Zoning & alternative use
C-2 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.8M
+231.3%
Commercial (general)
$4.0M
+126.0%
Retail stores
$3.8M
+112.8%
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
$5,570,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,960,000
6.5%
$2,735,000
7%
$2,540,000
Alternative Use
Use
Estimation
RESTAURANT
$5,835,000
Change: +231% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,980,000
Change: +126% · Conversion: Easy
RETAIL STORES
$3,750,000
Change: +113% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,355,000
Change: +90% · Conversion: Difficult
MEDICAL BUILDING
$2,845,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$4.26M
Range $3.83M – $4.69M · ±10% · vs last sale $5.85M (Apr 29 2025)
Last sale anchor
$5.85M
Apr 29 2025
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
$523 / 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
$38,877
Tax year 2023
Assessed value
$537,412
Assessed 2024
Previous assessed
$471,308
+14.0% YoY
Effective rate
7.23%
On assessed value
Land market value
$1,881,500
Improvement market value
$1,375,544
Total market value
$3,257,044
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
8,142 SF
Lot
1.47 ac (64,243 SF)
Zoning code
C-2
APN
215-43-322A
UPID
US07-1321078
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
RESTAURANT
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$4.0M
RETAIL STORES
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$2.8M
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2001
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.47 ac
Current owner
From public records · entity-resolved
Jaylynn Properties LLC
Entity
Mailing address
4801 E ROVEY AVE, PARADISE VALLEY, AZ 85253-4151
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2025
$5,850,000
Jaylynn Properties LLC
Sina East LLC
Special Warranty Deed
—
Feb 27, 2006
—
Sina East LLC
Azizi,behnoosh
Quit Claim Deed
related
—
Jan 3, 2006
—
Nasser Nikkhahmanesh
Sina East LLC
Warranty Deed
—
Jan 19, 2001
—
Sina East LLC
—
Grant Deed
related
$1,100,000 · Western Security Bank
Apr 27, 2000
—
Sina East LLC
Azin,joseph
Grant Deed
related
—
Feb 29, 2000
$950,000
Michael H Dubroff
Heltne,douglas
Grant Deed
—
—
—
Sina East LLC
—
Deed Of Trust
related
$1,500,000 · Citibank Fsb
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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