Back to Search
Property profile & analytics
FOR LEASE
Strip malls
2200 N Scottsdale Rd Scottsdale, AZ 85257
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US07-3285995
For Lease
1 / 6
$3,345,000
2200 N Scottsdale Rd, Scottsdale, AZ 85257
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1962
Construction
CONCRETE
Total area
20,132 SF
Lot
2.14 ac (93,001 SF)
Zoning code
C-3
APN
129-06-081H
UPID
US07-3285995
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
-
Ultimate Body Boot Camp LLC Gym & Fitness Center
-
Scottsdale Accounting Tax Preparation
-
Arizona Drum Shop (Bike/Boat/Book/etc) Store
-
Red Star Vapor & CBD (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
TruMe Medical & Aesthetics Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.51M
Blend (final)
Blend
$3.35M
Owner & transaction history
Scottsdale Property Invs LLC · 20 yrs held
Scottsdale Property Invs LLC
since 2006
7 recorded transactions
Zoning & alternative use
C-3 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
NEIGHBORHOOD: SHOPPING CENTER
$4,355,000
Current use
OFFICE BUILDING
$4,105,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$3.35M
Range $3.01M – $3.68M · ±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
$166 / 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
$24,668
Tax year 2023
Assessed value
$646,239
Assessed 2024
Previous assessed
$561,918
+15.0% YoY
Effective rate
3.82%
On assessed value
Land market value
$1,991,000
Improvement market value
$1,925,600
Total market value
$3,916,600
Applied tax rate
481,400.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1962
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
3
Stories
1
Units
3
Total area
20,132 SF
Lot
2.14 ac (93,001 SF)
Zoning code
C-3
APN
129-06-081H
UPID
US07-3285995
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Scottsdale, AZ
Zoning C-3 · permitted uses
C-3 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE 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
1962
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
3
Units
3
Lot
2.14 ac
Current owner
From public records · entity-resolved
Scottsdale Property Invs LLC
Entity
Mailing address
PO BOX 18037, BEVERLY HILLS, CA 90209-4037
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2006
$4,250,000
Scottsdale Property Invs LLC
Scottoak LLC
Grant Deed
$2,912,000 · East West Bank
Mar 2, 2005
$2,395,000
Scottoak LLC
Kwan Joanne Y Trust
Grant Deed
$2,395,000 · Milt & Alice Neumann Family LP
Mar 2, 2005
—
Marquis L Toliver II
Kwan Joanne Y Trust
Warranty Deed
related
—
Jun 23, 2000
—
Joanne Y Kwan Trustee
Kwan,joanne Y
Quit Claim Deed
related
—
May 10, 2000
—
Joanne Y Kwan
Kwan Trust
Quit Claim Deed
related
—
May 10, 2000
$825,000
Kwan,joanne Y
Kwan,larry K
Trustees Deed
related
$800,000 · Stancorp Mortgage Investors
Apr 12, 1999
—
Kwan Trust
Kwan,larry K
Quit Claim Deed
related
—
—
—
Scottsdale Property Invs LLC
—
Deed Of Trust
related
$514,000 · East West Bank
—
—
Scottoak LLC
—
Deed Of Trust
related
$2,550,000 · Copper Star 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
