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Property profile & analytics
OFF-MARKET
Estimated value
$21,045,000
Grocery and convenience stores
23271 Scottsdale Rd Ste A106, Scottsdale, AZ 85255-4484
Entity Owned
1-yr Hold
Free & Clear
Property ID
US07-2326504
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2014
Construction
CONCRETE
Total area
26,903 SF
Lot
12.35 ac (537,885 SF)
Zoning code
C-2
APN
212-03-595
UPID
US07-2326504
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
-
Pinnacle Modern Dentistry Dental Office
-
Egg N' Joe (Silverstone Marketplace) Restaurant
-
California Pools & Landscape General Contractor
-
Radiant Waxing North Scottsdale Spa & Massage Center Skin Care Clinic
-
Petey's Grooming & Pet Supplies Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.15M
Blend (final)
Blend
$21.05M
Owner & transaction history
Jllx Silverstone Marketplace LLC · 1 yrs held
Jllx Silverstone Marketplace LLC
since 2025
2 recorded transactions
Zoning & alternative use
C-2 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$19.3M
+55.7%
Commercial (general)
$13.2M
+6.2%
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
$19,285,000
Change: +56% · Conversion: Easy
COMMERCIAL (GENERAL)
$13,155,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$21.05M
Range $18.94M – $23.15M · ±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
$782 / 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
$300,817
Tax year 2023
Assessed value
$3,960,563
Assessed 2024
Previous assessed
$4,033,216
-1.8% YoY
Effective rate
7.60%
On assessed value
Land market value
$12,263,700
Improvement market value
$11,739,710
Total market value
$24,003,410
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2014
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
8
Stories
1
Units
8
Total area
26,903 SF
Lot
12.35 ac (537,885 SF)
Zoning code
C-2
APN
212-03-595
UPID
US07-2326504
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
$19.3M
COMMERCIAL (GENERAL)
Est. value
$13.2M
RESTAURANT
COMMERCIAL (GENERAL)
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
2014
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
8
Units
8
Lot
12.35 ac
Current owner
From public records · entity-resolved
Jllx Silverstone Marketplace LLC
Entity
Free & Clear · 1 yrs held
Mailing address
333 W WACKER DR, CHICAGO, IL 60606-1220
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2025
—
Jllx Silverstone Marketplace LLC
Jllx Diversified II LLC
Special Warranty Deed
—
Jul 27, 2016
$47,000,000
Lipt North Scottsdale Road
Rhvt LP
Grant 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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