Property profile

31307 N Scottsdale Rd Scottsdale, AZ 85266

FOR SALE
Banks
Property ID
US07-2306014
2,688 SF 1.12 ac lot Built 2008
Individually Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 3,000 square foot retail space, situated on a 1.11-acre lot (APN 216-66-807) in Maricopa County, Arizona, presents a unique investment opportunity. Previously a Chase Bank branch, the property boasts a convenient drive-thru, ideal for various retail uses. Located at 31307 N Scottsdale Rd, Scottsdale, AZ 85266, this single-tenant building benefits from a high-traffic location at the intersection of Scottsdale Road and Lone Mountain Road, experiencing over 34,901 vehicles per day. The signalized intersection ensures excellent visibility and accessibility. The surrounding area is characterized by strong demographics, with average household incomes exceeding $223,841 within a one-mile radius. This affluent area includes several master-planned communities such as Troon North, Boulders, and Terravita, contributing to a stable and growing customer base. The property's location also benefits from high projected annual population growth, promising sustained demand and future appreciation. The entire 3,000 square feet is currently vacant, offering immediate occupancy for a new tenant. This property is an excellent opportunity for businesses seeking a high-visibility location in a thriving Scottsdale community.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2008
Construction STEEL FRAME
Total area 2,688 SF
Lot 1.12 ac (48,657 SF)
Zoning code PCC
APN 216-66-807
UPID US07-2306014

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service Bank

Location

31307 N Scottsdale Rd Scottsdale, AZ 85266
Scottsdale metro Census 216822 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.16M
Blend (final) Blend
$2.09M

Owner & transaction history

since 2015
1 recorded transaction
2015
$5.1M

Zoning & alternative use

PCC · Scottsdale, AZ
Zoning description

The PCC district is intended to provide a large variety of retail goods and personal and professional services for multiple neighborhoods. Residential uses are encouraged to promote day and night time activity.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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