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Property profile & analytics
OFF-MARKET
Estimated value
$49,010,000
Office buildings
18615 Claret Dr, Scottsdale, AZ 85255-6739
Entity Owned
5-yr Hold
Free & Clear
Property ID
US07-3207518
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2021
Total area
161,955 SF
Lot
2.65 ac (115,422 SF)
APN
212-34-988
UPID
US07-3207518
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
$49.01M
Blend (final)
Blend
$49.01M
Owner & transaction history
18615 Claret Drive LLC · 5 yrs held
18615 Claret Drive LLC
since 2021
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$79.2M
+142.8%
Retail stores
$74.6M
+128.7%
Auto repair, garage
$66.7M
+104.6%
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
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
OFFICE BUILDING
$32,625,000
Current use
COMMERCIAL (GENERAL)
$79,200,000
Change: +143% · Conversion: Easy
RETAIL STORES
$74,590,000
Change: +129% · Conversion: Moderate
AUTO REPAIR, GARAGE
$66,730,000
Change: +105% · Conversion: Difficult
MEDICAL BUILDING
$56,585,000
Change: +73% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$35,050,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$49.01M
Range $44.11M – $53.91M · ±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
$303 / 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
$441,965
Tax year 2023
Assessed value
$7,722,974
Assessed 2024
Previous assessed
$5,846,385
+32.1% YoY
Effective rate
5.72%
On assessed value
Land market value
$3,797,900
Improvement market value
$43,008,000
Total market value
$46,805,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2021
Stories
5
Total area
161,955 SF
Lot
2.65 ac (115,422 SF)
APN
212-34-988
UPID
US07-3207518
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$32.6M
COMMERCIAL (GENERAL)
Est. value
$79.2M
RETAIL STORES
Est. value
$74.6M
AUTO REPAIR, GARAGE
Est. value
$66.7M
MEDICAL BUILDING
Est. value
$56.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$35.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2021
Stories
5
Lot
2.65 ac
Current owner
From public records · entity-resolved
18615 Claret Drive LLC
Entity
Free & Clear · 5 yrs held
Mailing address
375 N FRNT ST STE #200, COLUMBUS, OH 43215-2258
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2021
—
18615 Claret Drive LLC
Nri Cavasson LLC
Special Warranty Deed
—
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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