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Property profile & analytics
OFF-MARKET
Estimated value
$2,885,000
Warehouses
22207 Scottsdale Rd Scottsdale, AZ 85255
Entity Owned
8-yr Hold
Free & Clear
Property ID
US07-3445242
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Construction
CONCRETE
Total area
15,000 SF
Lot
2.07 ac (90,343 SF)
Zoning code
C-4
APN
212-02-014A
UPID
US07-3445242
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
$2.92M
Blend (final)
Blend
$2.89M
Owner & transaction history
Lesueur Investments Vi LLC · 8 yrs held
Lesueur Investments Vi LLC
since 2018
7 recorded transactions
Zoning & alternative use
C-4 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
m 15-foot wide landscape buffer abutting a Residential District (except the R-5 district). Regional Shopping Center (C-S) Neighborhood Commercial (C-1) Central Business (C-2) Highway Commercial (C-3) General Commercial (C-4) Support Services (S-S) Commercial Office (C-O) Planned Regional Center (PRC) Planned Convenience Center (PCoC) • Minimum 10-foot wide l…
Zone name
General Commercial
General category
INDUSTRIAL
Zone area
249.53 ac
Top alternative use upside
Neighborhood: shopping center
$3.2M
+40.7%
Office building
$3.0M
+31.0%
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
WAREHOUSE, STORAGE
$2,305,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,245,000
Change: +41% · Conversion: Moderate
OFFICE BUILDING
$3,020,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$2.89M
Range $2.60M – $3.17M · ±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
$192 / 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
$29,655
Tax year 2023
Assessed value
$414,761
Assessed 2024
Previous assessed
$395,216
+4.9% YoY
Effective rate
7.15%
On assessed value
Land market value
$1,496,600
Improvement market value
$1,017,100
Total market value
$2,513,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Construction
CONCRETE
Heating
NONE
Buildings
3
Stories
1
Units
2
Total area
15,000 SF
Lot
2.07 ac (90,343 SF)
Zoning code
C-4
APN
212-02-014A
UPID
US07-3445242
Jurisdiction
MARICOPA
Zoning & alternative use
C-4 · Scottsdale, AZZoning C-4 · permitted uses
C-4 · Scottsdale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
m 15-foot wide landscape buffer abutting a Residential District (except the R-5 district). Regional Shopping Center (C-S) Neighborhood Commercial (C-1) Central Business (C-2) Highway Commercial (C-3) General Commercial (C-4) Support Services (S-S) Commercial Office (C-O) Planned Regional Center (PRC) Planned Convenience Center (PCoC) • Minimum 10-foot wide landscape buffer on the side and rear property lines abutting any Residential Distri
Zone name
General Commercial
General category
INDUSTRIAL
Zone area
249.53 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.0M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
1980
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
3
Units
2
Lot
2.07 ac
Current owner
From public records · entity-resolved
Lesueur Investments Vi LLC
Entity
Free & Clear · 8 yrs held
Mailing address
3850 E BASELINE RD STE #114, MESA, AZ 85206-4403
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2018
$779,920
Lesueur Investments Vi LLC
Walh LLC
Warranty Deed
—
Jan 9, 2017
$4,212,800
Lesueur Invs Vi LLC
Laramie Land & Holdings Ll
Grant Deed
—
Mar 13, 2012
$400,000
Always Unleashed LLC
Wilson Barbara L Trust
Grant Deed
$360,000 · Wilson Barbara L Trust (pt)
Oct 12, 2005
$3,000,000
Laramie Land & Holdings LLC
Atko Building Materials INC
Grant Deed
$3,000,000 · Private Lender
Aug 17, 2001
$2,495,000
Atko Building Materials INC
Donald B Atkinson Estate
Grant Deed
—
Feb 3, 1998
—
Aaa Investments
Atkinson,donald R & Betty J
Quit Claim Deed
related
—
Aug 26, 1997
—
Donald R Atkinson JR.
Donald Atkinson
Quit Claim Deed
related
—
—
—
A A A Investment Co
—
Deed Of Trust
related
—
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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