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    Property profile & analytics
    OFF-MARKET Estimated value $2,090,000
    Banks

    31307 Scottsdale Rd, Scottsdale, AZ 85266-2702

    2,688 SF 1.12 ac lot Built 2008
    Individually Owned 10-yr Hold Free & Clear
    Property ID
    US07-2306014
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Chase Mortgage Loan Service Bank
    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
    Cathleen M Briones · 10 yrs held
    Cathleen M Briones
    since 2015
    1 recorded transaction
    2015
    $5.1M
    Zoning & alternative use
    PCC · Scottsdale, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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