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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3311 Scottsdale Rd Scottsdale, AZ 85251-6427

    • Hotels
    • 120,651 SF
    • 1.12 lot acres
    OFF-MARKET
    Value Estimations
    $30,835,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1509754
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • sloan park az / Tourist Attraction
    • Arizona Psychoanalytic Society / Psychotherapist / Non-Profit Organization
    • CertSchool / Computer Training School / Business School
    • 3311 North Scottsdale Road Parking / Parking Lot
    • Courtyard Scottsdale Old Town / Hotel / Meeting Planning Service

    Property Details for 3311 Scottsdale Rd

    Year built
    1999
    Construction
    STEEL FRAME
    Lot size
    1.12 lot acres
    Property size
    120,651 SF
    Zone code
    D/OC-2
    Property type
    Hotels
    APN
    130-21-014C
    APU
    13021014C

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $27,062,000
      Market price range: $3.24M - $27.1M
      AI Estimate
      $34,612,000
      Market price range: $3.24M - $34.6M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $49,715,000
      OFFICE BUILDING
      $45,405,000
      MEDICAL BUILDING
      $42,155,000
      NEIGHBORHOOD: SHOPPING CENTER
      $26,110,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.926
    Latitude
    33.4861
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $224,314
    $0.00
    $0.00
    $4,945,842
    -
    $1,498,600
    $28,476,200
    $29,974,800

    Comparable in this City

    • Value Estimation
      $27,835,000
      108,896 SF

      7324 Indian School Rd

      HOTEL • 108,896 SF
      7324 Indian School Rd, Scottsdale, AZ 85251-3904
      View Details
    • Value Estimation by Request
      390,400 SF

      Scottsdale, AZ 85251

      HOTEL • 390,400 SF
      Scottsdale, AZ 85251
      View Details
    • Value Estimation
      $49,585,000
      194,004 SF

      7325 3rd Ave

      HOTEL • 194,004 SF
      7325 3rd Ave, Scottsdale, AZ 85251-3902
      View Details
    • Value Estimation by Request
      128,083 SF

      7142 1st St

      HOTEL • 128,083 SF
      7142 1st St, Scottsdale, AZ 85251-5308
      View Details
    • Value Estimation
      $3,805,000
      14,888 SF

      4245 Drinkwater Blvd

      HOTEL • 14,888 SF
      4245 Drinkwater Blvd, Scottsdale, AZ 85251-3929
      View Details
    • Value Estimation
      $6,010,000
      23,515 SF

      7501 Camelback Rd

      HOTEL • 23,515 SF
      7501 Camelback Rd, Scottsdale, AZ 85251-3510
      View Details

    Similar Nearby for Sale

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      3,900 SF

      Salon Suites or Med Spa

      Property suitable for salon suites, med spa, or Airbnb.
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    • $4,000,000
      5,723 SF

      Prime Scottsdale Retail/Office Space

      Old Town Scottsdale Retail Opportunity, 5,723 SF
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    • Contact for pricing
      7,825 SF

      Old Town Scottsdale Mixed-Use Building

      Premier mixed-use building in the heart of Old Town Scottsdale.
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      View Details
    • $650,000
      6,089 SF

      Land For Sale Scottsdale

      Land for sale in the heart of Old Town Scottsdale.
      7008 E Osborn Rd, Scottsdale, AZ 85251
      View Details
    • $2,495,000
      5,004 SF

      Old Town Scottsdale Office Building

      Two-story office building in the heart of Old Town Scottsdale.
      7505 E 6Th Ave, Scottsdale, AZ 85251
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    • $209,000

      Scottsdale Age-Restricted Condo

      Condo with neutral decor, walk-in closet, and community amenities.
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    Similar Nearby for Lease

    • $40 SF/Yr
      143,537 SF

      Camelback Tower Office Suites

      Scottsdale Office Space, AZ. Three Suites Available.
      6900 Camelback Rd, Scottsdale, AZ 85251
      View Details
    • $27 SF/Yr
      2,820 SF

      Old Town Scottsdale Office Space

      Move-in ready office space in the heart of Scottsdale.
      4254 N Brown Ave, Scottsdale, AZ 85251
      View Details
    • Contact for pricing
      6,376 SF

      Next Generation Office Space

      Office space with indoor/outdoor workspaces near Scottsdale and Tempe.
      6370 E Thomas Rd, Scottsdale, AZ 85251
      View Details
    • Contact for pricing
      11,176 SF

      Scottsdale Office Space with Amenities

      Office space featuring fitness center, auditorium, restaurants, lounge, and game room.
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      View Details
    • Contact for pricing
      2,515 SF

      Retail and Dining Space Available

      Mixed-use destination with retail, dining, and luxury residences.
      6935 E 5Th Ave, Scottsdale, AZ 85251
      View Details
    • Contact for pricing
      15,176 SF

      Old Town Scottsdale Retail Opportunity

      Mixed-use destination with retail, dining, and luxury residences.
      4110 N Goldwater Blvd, Scottsdale, AZ 85251
      View Details
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    3311 Scottsdale Rd
    Scottsdale, AZ 85251-6427
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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