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Property profile & analytics
OFF-MARKET
Estimated value
$30,835,000
Hotels
3311 Scottsdale Rd, Scottsdale, AZ 85251-6427
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US07-1509754
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1999
Construction
STEEL FRAME
Total area
120,651 SF
Lot
1.12 ac (48,945 SF)
Zoning code
D/OC-2
APN
130-21-014C
UPID
US07-1509754
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
-
sloan park az Resort
-
Arizona Psychoanalytic Society Charitable Organization Social Service Agency
-
CertSchool Vocational School Training Center
-
3311 North Scottsdale Road Parking Parking Lot & Garage
-
Courtyard Scottsdale Old Town Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$27.06M
Blend (final)
Blend
$30.84M
Owner & transaction history
Ashford Scottsdale · 19 yrs held
Ashford Scottsdale
since 2007
4 recorded transactions
Zoning & alternative use
D/OC-2 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$49.7M
+315.8%
Office building
$45.4M
+279.8%
Medical building
$42.2M
+252.6%
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
AUTO REPAIR, GARAGE
$49,715,000
Change: +316% · Conversion: Difficult
OFFICE BUILDING
$45,405,000
Change: +280% · Conversion: Difficult
MEDICAL BUILDING
$42,155,000
Change: +253% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$26,110,000
Change: +118% · Conversion: Difficult
Blend value · Realmo final
$30.84M
Range $27.75M – $33.92M · ±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
$256 / 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
$224,314
Tax year 2023
Assessed value
$4,945,842
Assessed 2024
Previous assessed
$4,315,178
+14.6% YoY
Effective rate
4.54%
On assessed value
Land market value
$1,498,600
Improvement market value
$28,476,200
Total market value
$29,974,800
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
5
Units
180
Total area
120,651 SF
Lot
1.12 ac (48,945 SF)
Zoning code
D/OC-2
APN
130-21-014C
UPID
US07-1509754
Jurisdiction
MARICOPA
Zoning & alternative use
D/OC-2 · Scottsdale, AZ
Zoning D/OC-2 · permitted uses
D/OC-2 · 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
AUTO REPAIR, GARAGE
Est. value
$49.7M
OFFICE BUILDING
Est. value
$45.4M
MEDICAL BUILDING
Est. value
$42.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$26.1M
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
5
Buildings
2
Units
180
Lot
1.12 ac
Current owner
From public records · entity-resolved
Ashford Scottsdale
Individual
Mailing address
7500 N DOBSON RD STE #300, SCOTTSDALE, AZ 85256-2727
Ownership since
2007
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 20, 2007
$28,500,000
Ashford Scottsdale
Cnl Hotel Investors INC
Grant Deed
$115,600,000 · Wachovia Bank NA
Jun 22, 1999
$10,000,000
Cnl Hotel Investors INC
Sahd Property LP
Grant Deed
$10,818,150 · Jefferson-pilot Life Ins Co
Feb 27, 1998
$2,763,320
Sahd Property LP
Pegler Trust
Grant Deed
$14,576,000 · Compass Bank
—
—
Ashford Scottsdale LP
—
Deed Of Trust
related
$415,000,000 · 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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