Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    409 Scottsdale Rd Scottsdale, AZ 85257-4216

    • Motels
    • 6,095 SF
    • 2.09 lot acres
    OFF-MARKET
    Last Sale
    Aug 12, 2024
    Value Estimations
    $1,560,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2470663
    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

    • Surplus4 / Storage Facility
    • Premier Power Washing Service / Pressure Washing Service
    • Pristine Ceramic Coatings / Car Detailing Service
    • Hotel Bixby Scottsdale / Extended Stay Hotel / Apartment Complex

    Property Details for 409 Scottsdale Rd

    Year built
    1978
    Construction
    CONCRETE
    Lot size
    2.09 lot acres
    Property size
    6,095 SF
    Zone code
    C-R
    Property type
    Motels
    APN
    131-16-142
    APU
    13116142

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,367,000
      Market price range: $164k - $1.37M
      AI Estimate
      $1,748,000
      Market price range: $164k - $1.75M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $2,510,000
      MEDICAL BUILDING
      $2,130,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,320,000
      OFFICE BUILDING
      $1,245,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.926
    Latitude
    33.4526
    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
    $41,344
    $0.00
    $0.00
    $1,450,185
    -
    $2,022,400
    $6,766,600
    $8,789,000

    Comparable in this City

    • Value Estimation by Request
      7,656 SF

      7707 Mcdowell Rd

      MOTEL • 7,656 SF
      7707 Mcdowell Rd, Scottsdale, AZ 85257-3743
      View Details
    • Value Estimation
      $1,315,000
      7,540 SF

      409 Scottsdale Rd

      MOTEL • 7,540 SF
      409 Scottsdale Rd, Scottsdale, AZ 85257-4216
      View Details
    • Value Estimation
      $16,710,000
      143,820 SF

      1500 Scottsdale Rd

      HOTEL • 143,820 SF
      1500 Scottsdale Rd, Scottsdale, AZ 85257-3414
      View Details
    • Value Estimation by Request

      Scottsdale, AZ 85257

      OFFICE BUILDING (MULTI-STORY)
      Scottsdale, AZ 85257
      View Details
    • Value Estimation by Request

      Scottsdale, AZ 85257

      OFFICE BUILDING (MULTI-STORY)
      Scottsdale, AZ 85257
      View Details
    • Value Estimation by Request

      Scottsdale, AZ 85257

      OFFICE BUILDING (MULTI-STORY)
      Scottsdale, AZ 85257
      View Details

    Similar Nearby for Sale

    • $645,000
      1,717 SF

      Remodeled Townhome Near Greenbelt

      Remodeled townhome with open floorplan, close to amenities and greenbelt.
      2571 N Miller Rd, Scottsdale, AZ 85257
      View Details
    • $3,696,000
      184,800 SF

      Scottsdale Multi-Family Development Site

      Large lot available for multi-family development in Scottsdale.
      6398 E Oak St, Scottsdale, AZ 85257
      View Details
    • $534,000
      1,963 SF

      Scottsdale Townhouse with Recent Updates

      Centrally-located Scottsdale townhouse with recent updates and investment potential.
      7601 E Roosevelt St, Scottsdale, AZ 85257
      View Details
    • $3,575,000
      5,000 SF

      Scottsdale Multifamily Value-Add

      11-unit apartment complex, high ROI potential.
      1232 Hayden Rd, Scottsdale, AZ 85257
      View Details
    • Contact for pricing
      1 SF

      Retail Property Near Hayden Road

      Retail property anchored by Fry's near Hayden and McDowell.
      7770 E Mcdowell Rd, Scottsdale, AZ 85257
      View Details
    • $1,420,000
      2,950 SF

      Scottsdale Retail Property For Sale

      Retail property available for purchase in Scottsdale, Arizona.
      1301 N Scottsdale Rd, Scottsdale, AZ 85257
      View Details

    Similar Nearby for Lease

    • $37 SF/Yr
      144 SF

      SkySong Mixed-Use Project Space

      Mixed-use project with office, retail, and hospitality spaces available.
      1375 N Scottsdale Rd, Scottsdale, AZ 85257
      View Details
    • $39 SF/Yr
      145 SF

      Mixed-Use Project at SkySong

      Mixed-use property with office, research, retail, and residential spaces.
      1365 N Scottsdale Rd, Scottsdale, AZ 85257
      View Details
    • Contact for pricing
      150,000 SF

      SkySong 5 Executive Suites

      Prestigious Office Space Available Now
      1375 Scottsdale Rd, Scottsdale, AZ 85257
      View Details
    • Contact for pricing
      338,200 SF

      SkySong 6: Premier Office Space

      Prestigious Executive Office Suites, Now Leasing
      0 Sec Scottsdale Rd & Mcdowell Rd, Scottsdale, AZ 85257
      View Details
    • $1,575 /Mo
      900 SF

      Charming Scottsdale Haciendas Apartment

      Updated apartments with modern kitchens, convenient location, and desirable amenities.
      985 N Granite Reef Rd, Scottsdale, AZ 85257
      View Details
    • $41 SF/Yr
      24,526 SF

      Office Space in SkySong

      Under construction office space in mixed-use SkySong development.
      1585 N Scottsdale Rd, Scottsdale, AZ 85257
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    409 Scottsdale Rd
    Scottsdale, AZ 85257-4216
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.