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Property profile & analytics
OFF-MARKET
Estimated value
$12,410,000
Drug stores
34422 Scottsdale Rd Ste 100, Scottsdale, AZ 85266-4213
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US07-1408500
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1999
Construction
CONCRETE
Total area
15,866 SF
Lot
8.32 ac (362,332 SF)
Zoning code
C-2
APN
216-49-003P
UPID
US07-1408500
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.47M
Blend (final)
Blend
$12.41M
Owner & transaction history
Whitestone Terravita Marketpla · 14 yrs held
Whitestone Terravita Marketpla
since 2011
5 recorded transactions
Zoning & alternative use
C-2 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.4M
+55.7%
Commercial (general)
$7.8M
+6.2%
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
RESTAURANT
$11,375,000
Change: +56% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,760,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$12.41M
Range $11.17M – $13.65M · ±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
$782 / 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
$92,188
Tax year 2023
Assessed value
$1,824,356
Assessed 2024
Previous assessed
$1,587,443
+14.9% YoY
Effective rate
5.05%
On assessed value
Land market value
$4,980,200
Improvement market value
$6,076,500
Total market value
$11,056,700
Applied tax rate
931,400.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
6
Stories
1
Units
6
Total area
15,866 SF
Lot
8.32 ac (362,332 SF)
Zoning code
C-2
APN
216-49-003P
UPID
US07-1408500
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Scottsdale, AZ
Zoning C-2 · permitted uses
C-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
RESTAURANT
Est. value
$11.4M
COMMERCIAL (GENERAL)
Est. value
$7.8M
RESTAURANT
COMMERCIAL (GENERAL)
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
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
6
Units
6
Lot
8.32 ac
Current owner
From public records · entity-resolved
Whitestone Terravita Marketpla
Individual
Mailing address
2600 S GESSNER RD STE #500, HOUSTON, TX 77063-3223
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2011
$16,100,000
Whitestone Terravita Marketpla
Wilshire Selby Terravita LLC
Grant Deed
—
Jul 2, 1997
$1,416,839
Scottsdale,palms/ Pederson L P
J & R Holdings II L L C
Trustees Deed
$9,750,000 · Jackson National Life Insuranc
Jul 2, 1997
$8,602,939
Scottsdale,palms/ Pederson L P
Terravita Marketplace L L
Trustees Deed
$3,459,079 · Seller
Jul 2, 1997
—
J & R Holdings II L L C
Terravita L L C
Trustees Deed
related
—
Jul 2, 1997
$36,330
Scottsdale,palms/ Pederson L P
Pederson Group INC
Trustees 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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