4151 Craftsman Ct, Scottsdale, AZ 85251-3833
This exceptional redevelopment opportunity in Old Town Scottsdale, Arizona, presents a fully entitled project on a 21,563 square foot lot (APN 173-50-021A). The project, located at 4151 N Craftsman Ct, 85251, is approved for six high-end condominiums ranging from 2,400 to 2,550 square feet each, and 3,190 square feet of ground-floor retail space. Its strategic position across the street from the upscale "The Kimsey" mixed-use development provides unparalleled access to Scottsdale's vibrant amenities, including renowned dining, shopping, entertainment, and cultural attractions. The property benefits from excellent access to major transportation routes, ensuring convenient connectivity throughout the city. This prime investment opportunity is situated within Scottsdale's thriving real estate market, offering developers a compelling chance to capitalize on the high demand for premium properties in this desirable location. The project's approved plans and prime location make this a truly exceptional opportunity for discerning investors seeking a high-return development project in the heart of Old Town Scottsdale. Maricopa County location adds to the appeal.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Scottsdale, AZScottsdale. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.