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Property profile & analytics
OFF-MARKET
Estimated value
$2,840,000
Medical Office Space
2899 87th St Scottsdale, AZ 85257-1767
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US07-0810337
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
CONCRETE
Total area
6,030 SF
Lot
0.61 ac (26,572 SF)
Zoning code
S-R
APN
131-41-138
UPID
US07-0810337
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
-
A-101 Dental Care, PC Dental Office
-
Bradley Xavier Demark Dental Office
-
Dr. Ciara Bozarth Pediatrician Physician
-
AZID Scottsdale Medical Clinic
-
Arizona Infectious Disease Scottsdale Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.87M
Blend (final)
Blend
$2.84M
Owner & transaction history
Nozar Mansourian · 21 yrs held
Nozar Mansourian
since 2005
4 recorded transactions
Zoning & alternative use
S-R · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
10-foot wide landscape buffer abutting a Single-family Residential District. Multiple-family Residential (R-5) • Minimum 15-foot wide landscape buffer abutting a Single-family Residential District. Service Residential (S-R) • None required when abutting an alley • Minimum 15-foot wide landscape buffer abutting a Residential District (except the R-5 district)…
Zone name
Service Residential
General category
RESIDENTIAL
Zone area
156.34 ac
Top alternative use upside
Restaurant
$4.3M
+105.2%
Commercial (general)
$3.0M
+40.0%
Retail stores
$2.8M
+31.8%
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
$2,105,000
Current use
RESTAURANT
$4,325,000
Change: +105% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,950,000
Change: +40% · Conversion: Easy
RETAIL STORES
$2,775,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,485,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$2.84M
Range $2.56M – $3.12M · ±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
$471 / 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
$17,093
Tax year 2023
Assessed value
$366,756
Assessed 2024
Previous assessed
$373,881
-1.9% YoY
Effective rate
4.66%
On assessed value
Land market value
$1,192,800
Improvement market value
$1,029,964
Total market value
$2,222,764
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
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
6,030 SF
Lot
0.61 ac (26,572 SF)
Zoning code
S-R
APN
131-41-138
UPID
US07-0810337
Jurisdiction
MARICOPA
Zoning & alternative use
S-R · Scottsdale, AZZoning S-R · permitted uses
S-R · Scottsdale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
10-foot wide landscape buffer abutting a Single-family Residential District. Multiple-family Residential (R-5) • Minimum 15-foot wide landscape buffer abutting a Single-family Residential District. Service Residential (S-R) • None required when abutting an alley • Minimum 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
Zone name
Service Residential
General category
RESIDENTIAL
Zone area
156.34 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.1M
RESTAURANT
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$3.0M
RETAIL STORES
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.5M
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Nozar Mansourian
Individual
Mailing address
2899 N 87TH ST STE #100, SCOTTSDALE, AZ 85257-1767
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2005
—
Nozar Mansourian
Sanei,neda
Quit Claim Deed
$700,000 · Wells Fargo Bank NA
Nov 26, 2003
$250,000
Nozar Mansourian
Rosenheim,richard L
Grant Deed
related
—
Dec 30, 1994
$100,000
Richard L Rosenheim
Coyote Tracts LP
Grant Deed
related
—
Jan 18, 1994
—
Tracks LP Coyote
Searles
Quit Claim Deed
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.
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