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Property profile & analytics
OFF-MARKET
Estimated value
$20,165,000
Medical Office Space
17500 Perimeter Dr Scottsdale, AZ 85255-7800
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-2670187
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
CONCRETE
Total area
34,260 SF
Lot
5.23 ac (227,810 SF)
Zoning code
I-1
APN
215-07-212E
UPID
US07-2670187
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
-
Dr. Steven Siwek Physician
-
Scottsdale Emanluel hospital Hospital
-
North American Spine Physician
-
Onward Orthopedics Physician
-
Evolve Weight Loss Experts Weight Loss Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.17M
Blend (final)
Blend
$20.17M
Owner & transaction history
Specialty Hospital Scottsdale LLC · 3 yrs held
Specialty Hospital Scottsdale LLC
since 2023
6 recorded transactions
Zoning & alternative use
I-1 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
nd rear yards, and a minimum six-foot high masonry wall or approved landscape screen on the side and rear property lines abutting any Residential District or an alley adjacent to a Residential District. Industrial Park (I-1) • Minimum 30-foot landscape buffer in the side and rear yards, and a minimum six-foot high masonry block wall or approved landscape scr…
Zone name
Industrial Park
General category
INDUSTRIAL
Zone area
1,365.54 ac
Top alternative use upside
Restaurant
$24.6M
+105.2%
Commercial (general)
$16.8M
+40.0%
Retail stores
$15.8M
+31.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$24,560,000
Change: +105% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,755,000
Change: +40% · Conversion: Easy
RETAIL STORES
$15,780,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$14,115,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$20.17M
Range $18.15M – $22.18M · ±10%
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
$589 / 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
$220,600
Tax year 2023
Assessed value
$3,797,286
Assessed 2024
Previous assessed
$3,797,286
+0.0% YoY
Effective rate
5.81%
On assessed value
Land market value
$5,909,100
Improvement market value
$17,185,331
Total market value
$23,094,431
Applied tax rate
691,400.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
HOT WATER
Cooling
REFRIGERATOR
Buildings
2
Stories
2
Total area
34,260 SF
Lot
5.23 ac (227,810 SF)
Zoning code
I-1
APN
215-07-212E
UPID
US07-2670187
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Scottsdale, AZZoning I-1 · permitted uses
I-1 · Scottsdale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
nd rear yards, and a minimum six-foot high masonry wall or approved landscape screen on the side and rear property lines abutting any Residential District or an alley adjacent to a Residential District. Industrial Park (I-1) • Minimum 30-foot landscape buffer in the side and rear yards, and a minimum six-foot high masonry block wall or approved landscape screen on the side and rear property lines abutting any Residential District. Light Em
Zone name
Industrial Park
General category
INDUSTRIAL
Zone area
1,365.54 ac
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$24.6M
COMMERCIAL (GENERAL)
Est. value
$16.8M
RETAIL STORES
Est. value
$15.8M
AUTO REPAIR, GARAGE
Est. value
$14.1M
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
2003
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
2
Lot
5.23 ac
Current owner
From public records · entity-resolved
Specialty Hospital Scottsdale LLC
Entity
Mailing address
701 SHADOW LN, LAS VEGAS, NV 89106-4131
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2023
—
Specialty Hospital Scottsdale LLC
North Perimeter LLC
Warranty Deed
$50,000 · Signature Bank
Jan 31, 2017
—
North Perimeter LLC
—
Loan Modification
related
$11,563,667 · Bank Of The West
Jan 29, 2016
—
Scottsdale Asc LLC
North Perimeter LLC
Warranty Deed
$7,000,000 · Northwest Bk
Mar 5, 2012
$11,000,000
North Perimeter LLC
Falcon Investment Holding Company L
Grant Deed
—
Feb 23, 2010
—
Falcon Inv Holding Co LLC
Barix Clinics Of Arizona LLC
Warranty Deed
—
Mar 22, 2005
—
Bariatric Care Centers Of Arizona
—
Deed Of Trust
related
$27,666,660 · J P Morgan Chase Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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