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Property profile & analytics
OFF-MARKET
Estimated value
$2,755,000
Grocery and convenience stores
2865 Scottsdale Rd, Scottsdale, AZ 85257-1350
Entity Owned
8-yr Hold
Free & Clear
Property ID
US07-2788892
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2001
Construction
CONCRETE
Total area
3,431 SF
Lot
0.69 ac (29,873 SF)
Zoning code
C-3
APN
131-29-122A
UPID
US07-2788892
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
-
Western Union Bank Credit Union
-
Circle K Grocery & Convenience Store
-
Bitcoin Depot | Bitcoin ATM Crypto Atm Atm
-
Discount Garage Doo'r Repair Spring & Opener Company General Contractor
-
Bitcoin Depot ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.78M
Blend (final)
Blend
$2.76M
Owner & transaction history
Circle K Stores INC · 8 yrs held
Circle K Stores INC
since 2018
7 recorded transactions
Zoning & alternative use
C-3 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+126.0%
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
COMMERCIAL (GENERAL)
$1,680,000
Change: +126% · Conversion: Easy
Blend value · Realmo final
$2.76M
Range $2.48M – $3.03M · ±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
$803 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$15,385
Tax year 2022
Assessed value
$303,073
Assessed 2024
Previous assessed
$307,513
-1.4% YoY
Effective rate
5.08%
On assessed value
Land market value
$1,369,400
Improvement market value
$467,405
Total market value
$1,836,805
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
3,431 SF
Lot
0.69 ac (29,873 SF)
Zoning code
C-3
APN
131-29-122A
UPID
US07-2788892
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
COMMERCIAL (GENERAL)
Est. value
$1.7M
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
2001
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
Circle K Stores INC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 52085, PHOENIX, AZ 85072-2085
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2019
—
Scottsdale Retail Ctr 02 LLC
—
Deed
related
$11,300,000 · Jp Morgan Chase Bk
Jun 6, 2018
$1,741,367
Circle K Stores INC
Cst Arizona Stations INC
Grant Deed
—
Aug 6, 2008
$2,000,000
Diamond Shamrock Arizona INC
Abs Sw Investor LLC
Grant Deed
—
Jun 30, 2006
$9,300,000
Abs Sw Owner LLC
Albertsons LLC
Warranty Deed
—
Oct 31, 2002
—
Albertsons INC
Pioneer Exchange Accommodation
Grant Deed
related
—
Oct 21, 2002
$950,000
Pioneer Exchange Accomodation
Scottsdale Crossing LLC
Grant Deed
$951,924 · Albertsons INC
—
—
Scottsdale Retail Ctr 02 LLC
—
Deed Of Trust
related
$11,300,000 · Jp Morgan Chase Bk
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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