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Property profile & analytics
OFF-MARKET
Estimated value
$14,120,000
Community centers
34505 Scottsdale Rd Scottsdale, AZ 85266-1202
Entity Owned
11-yr Hold
Free & Clear
Property ID
US07-1243744
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1989
Construction
CONCRETE
Total area
50,981 SF
Lot
8.65 ac (376,663 SF)
Zoning code
C-2
APN
216-48-500
UPID
US07-1243744
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
-
El Pedregal Festival Marketplace Hotel & Motel Resort
-
Stefan Mann Department Store Clothing & Fashion Store
-
JoyEful Gallery - Joye DeGoede Fine Art Art Gallery
-
Spotted Donkey Cantina Restaurant
-
Signature Shop At El Pedregal Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.82M
Blend (final)
Blend
$14.12M
Owner & transaction history
Cp Boulders LLC · 11 yrs held
Cp Boulders LLC
since 2015
3 recorded transactions
Zoning & alternative use
C-2 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$23.5M
+112.8%
Auto repair, garage
$21.0M
+90.4%
Medical building
$17.8M
+61.5%
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
NEIGHBORHOOD: SHOPPING CENTER
$11,035,000
Current use
RETAIL STORES
$23,480,000
Change: +113% · Conversion: Easy
AUTO REPAIR, GARAGE
$21,005,000
Change: +90% · Conversion: Difficult
MEDICAL BUILDING
$17,810,000
Change: +61% · Conversion: Difficult
OFFICE BUILDING
$10,400,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$14.12M
Range $12.71M – $15.53M · ±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
$277 / 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
$99,841
Tax year 2023
Assessed value
$2,729,018
Assessed 2024
Previous assessed
$2,372,265
+15.0% YoY
Effective rate
3.66%
On assessed value
Land market value
$4,673,300
Improvement market value
$11,866,200
Total market value
$16,539,500
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1989
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
2
Units
3
Total area
50,981 SF
Lot
8.65 ac (376,663 SF)
Zoning code
C-2
APN
216-48-500
UPID
US07-1243744
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$11.0M
RETAIL STORES
Est. value
$23.5M
AUTO REPAIR, GARAGE
Est. value
$21.0M
MEDICAL BUILDING
Est. value
$17.8M
OFFICE BUILDING
Est. value
$10.4M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1989
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
3
Units
3
Lot
8.65 ac
Current owner
From public records · entity-resolved
Cp Boulders LLC
Entity
Free & Clear · 11 yrs held
Mailing address
740 CTR VW BLVD, CRESTVIEW HILLS, KY 41017-5434
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2022
—
Cp Boulders LLC
—
Deed
related
—
Sep 1, 2017
—
Cp Boulders LLC
—
Grant Deed
related
$73,000,000 · Column Fin'l
Apr 28, 2015
$8,420,000
Cp Boulders LLC
Boulders Jv
Grant Deed
—
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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