New search
Property profile & analytics
OFF-MARKET
Estimated value
$49,525,000
Grocery and convenience stores
4135 Miller Rd, Scottsdale, AZ 85251
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0397937
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1975
Construction
CONCRETE
Total area
50,461 SF
Lot
7.91 ac (344,560 SF)
Zoning code
C-2
APN
173-53-012D
UPID
US07-0397937
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
$49.53M
Blend (final)
Blend
$49.53M
Owner & transaction history
Miller Plaza LLC · 13 yrs held
Miller Plaza LLC
since 2012
7 recorded transactions
Zoning & alternative use
C-2 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$36.2M
+19.9%
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
RETAIL STORES
$30,165,000
Current use
RESTAURANT
$36,175,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$49.53M
Range $44.57M – $54.48M · ±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
$981 / 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
$160,327
Tax year 2023
Assessed value
$5,291,173
Assessed 2024
Previous assessed
$4,269,890
+23.9% YoY
Effective rate
3.03%
On assessed value
Land market value
$24,857,800
Improvement market value
$7,209,917
Total market value
$32,067,717
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1975
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
50,461 SF
Lot
7.91 ac (344,560 SF)
Zoning code
C-2
APN
173-53-012D
UPID
US07-0397937
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
RETAIL STORES Current
Est. value
$30.2M
RESTAURANT
Est. value
$36.2M
RETAIL STORES Current
RESTAURANT
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
1975
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
7.91 ac
Current owner
From public records · entity-resolved
Miller Plaza LLC
Entity
Mailing address
3101 W COAST HWY, NEWPORT BEACH, CA 92663-4001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2025
—
Miller Plaza LLC
—
Deed
related
$24,500,000 · City National Bank
Sep 26, 2019
—
Miller Plaza LLC
—
Deed
related
$10,875,000 · Miscellaneous Ins Co
Feb 12, 2015
—
Miller Plaza LLC
—
Grant Deed
related
$7,750,000 · Firstbank
Nov 30, 2012
—
Miller Plaza LLC
Indian Scholl & Miller LLC
Special Warranty Deed
$5,300,000 · Firstbank
Oct 5, 2012
$210,000
Indian School & Miller LLC
Garote,joan V
Grant Deed
—
Jul 20, 2012
$105,000
Indian School & Miller LLC
Rouse,kathleen
Grant Deed
—
Jun 15, 2012
$210,000
Indian School & Miller LLC
Garote,daniel G II & Pamela
Grant Deed
—
Jun 7, 2012
$210,000
Indian School & Miller LLC
Garote,sebastian D & Vivien C
Grant Deed
—
Apr 20, 2012
$215,000
Indian School & Miller LLC
Garote,andrea V
Grant Deed
—
Apr 19, 2012
$120,000
Indian School & Miller LLC
Watson,yvette D
Grant Deed
—
Apr 18, 2012
$75,000
Indian School & Miller LLC
Garote,richard E
Grant Deed
—
Mar 22, 2012
$80,000
Indian School & Miller LLC
Garote Edward P III
Grant Deed
—
Jan 31, 2012
$80,000
Indian School & Miller LLC
Brooks,rhonda L
Grant Deed
—
Aug 25, 2009
—
Joan V Garote
Garote Family Trust
Quit Claim Deed
—
Nov 14, 2002
$7,375,000
Miller Plaza LLC
Miller Plaza Shopping Center
Grant Deed
related
—
Mar 29, 1993
—
Garote Family Trust
Garote Trust
Quit Claim Deed
related
—
—
—
Miller Plaza LLC
—
Deed Of Trust
related
$10,875,000 · Miscellaneous Ins Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4135 Miller Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
