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Property profile & analytics
OFF-MARKET
Estimated value
$2,710,000
Medical Office Space
2629 Scottsdale Rd Scottsdale, AZ 85257-1346
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US07-0548043
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1975
Construction
CONCRETE
Total area
11,072 SF
Lot
0.16 ac (6,958 SF)
Zoning code
C-R
APN
131-29-065
UPID
US07-0548043
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
-
Arrowhead Health Centers - Linda Farris, RN Pediatrician Physician
-
Dr. Matthew Coen Alternative Medicine Practice
-
Redirect Health Medical and Surgical Center, South Scottsdale / Tempe - William Phaturos, DC Pediatrician Physician
-
Redirect Health Medical and Surgical Center, South Scottsdale / Tempe - Tammy Cakmak, NP Alternative Medicine Practice
-
Redirect Health Medical and Surgical Center, South Scottsdale / Tempe Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.74M
Blend (final)
Blend
$2.71M
Owner & transaction history
Fairlawn Plaza LLC · 11 yrs held
Fairlawn Plaza LLC
since 2014
7 recorded transactions
Zoning & alternative use
C-R · 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
MEDICAL BUILDING
$3,870,000
Current use
Blend value · Realmo final
$2.71M
Range $2.44M – $2.98M · ±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
$245 / 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
$8,409
Tax year 2023
Assessed value
$350,361
Assessed 2024
Previous assessed
$309,026
+13.4% YoY
Effective rate
2.40%
On assessed value
Land market value
$238,900
Improvement market value
$1,884,500
Total market value
$2,123,400
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1975
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
11,072 SF
Lot
0.16 ac (6,958 SF)
Zoning code
C-R
APN
131-29-065
UPID
US07-0548043
Jurisdiction
MARICOPA
Zoning & alternative use
C-R · Scottsdale, AZZoning C-R · permitted uses
C-R · Scottsdale, AZ
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
MEDICAL BUILDING Current
Est. value
$3.9M
MEDICAL BUILDING Current
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
1975
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Fairlawn Plaza LLC
Entity
Mailing address
2114 SW CHELSEA DR, TOPEKA, KS 66614-1748
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2014
$4,500,000
Fairlawn Plaza LLC
2629 North Scottsdale Az LLC
Special Warranty Deed
$4,725,906 · Capital City Bank
Oct 5, 2012
$3,300,000
2629 North Scottsdale Az LLC
Scottsdale Health Office Props
Grant Deed
$2,310,000 · Barclays Bank Plc
Jan 12, 2011
—
Scottsdale Health Office Props
Arrowhead Health Office Props
Warranty Deed
related
—
Dec 27, 2010
$580,000
Arrowhead Health Office Props
Wab Holdings LLC
Warranty Deed
—
Oct 6, 2010
—
Wabb Holdings LLC
Sharp Equity LLC
Quit Claim Deed
related
—
Oct 6, 2010
$523,001
Sharp Equity LLC
Messing,jeffrey
Trustees Deed
related
—
Jun 21, 2004
—
Collaborative Partners LLC
Jackson Hole Partners LLP
Grant Deed
$825,000 · Bank One NA
Feb 18, 2003
—
Jackson Hole Partners LLP
Sierra-sonora Enterprises INC
Grant Deed
related
—
Mar 30, 2001
—
Jackson Hole Partners
Sierra-sonora Enterprises INC
Grant Deed
related
—
Nov 17, 1988
$737,500
Ricky L Flory
—
Deed Of Trust
related
—
—
—
Collaborative Partners LLC
—
Deed Of Trust
related
$350,000 · Interim Capital LLC
—
—
Scottsdale Health Office Props
—
Deed Of Trust
related
$300,000 · Old World Communities LLC
—
—
Scottsdale Health Office Props
—
Deed Of Trust
related
$600,000 · Ahre Investments LLC
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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