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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Motels
409 Scottsdale Rd, Scottsdale, AZ 85257-4216
Entity Owned
1-yr Hold
Free & Clear
Property ID
US07-1173569
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1978
Construction
CONCRETE
Total area
7,540 SF
Lot
3.18 ac (138,720 SF)
Zoning code
R-5
APN
131-16-141E
UPID
US07-1173569
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
-
Surplus4 Storage Facility
-
Premier Power Washing Service Landscaping General Contractor
-
Pristine Ceramic Coatings Car Wash
-
Hotel Bixby Scottsdale Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.32M
Owner & transaction history
City Of Tempe · 1 yrs held
City Of Tempe
since 2024
3 recorded transactions
Zoning & alternative use
R-5 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.6M
+118.4%
Office building
$1.5M
+105.8%
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
$1,630,000
Change: +118% · Conversion: Difficult
OFFICE BUILDING
$1,540,000
Change: +106% · Conversion: Difficult
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±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
$174 / 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 2016Property tax & assessments
Tax year 2016
Tax billed
$56,870
Tax year 2016
Assessed value
$625,135
Assessed 2017
Previous assessed
$625,135
+0.0% YoY
Effective rate
9.10%
On assessed value
Assessed land
$132,416
Assessed improvement
$492,719
Land market value
$735,645
Improvement market value
$2,737,330
Total market value
$3,472,975
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1978
Construction
CONCRETE
Heating
HOT WATER
Cooling
REFRIGERATOR
Buildings
14
Stories
2
Total area
7,540 SF
Lot
3.18 ac (138,720 SF)
Zoning code
R-5
APN
131-16-141E
UPID
US07-1173569
Jurisdiction
MARICOPA
Zoning & alternative use
R-5 · Scottsdale, AZ
Zoning R-5 · permitted uses
R-5 · 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
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
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
1978
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
14
Lot
3.18 ac
Current owner
From public records · entity-resolved
City Of Tempe
Entity
Free & Clear · 1 yrs held
Mailing address
409 N SCOTTSDALE RD, SCOTTSDALE, AZ 85257-4216
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Aug 12, 2024
—
City Of Tempe
Scottsdale Tnc LLC
Special Warranty Deed
—
May 17, 2022
$11,200,000
Scottsdale Tnc LLC
Revival Scottsdale Lllp
Special Warranty Deed
$9,349,000 · Western Alliance Bank
Dec 29, 2017
—
Revival Scottsdale LP
—
Deed
related
$10,427,116 · National Bk/az
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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