Property profile

4151 Craftsman Ct Scottsdale, AZ 85251

OFF-MARKET
Office Spaces
Property ID
US07-2072897
0.7 ac lot
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Lot 0.7 ac (30,551 SF)
Zoning code C-2
APN 173-50-146
UPID US07-2072897

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4151 Craftsman Ct Scottsdale, AZ 85251-3833
Scottsdale metro PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.05M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.05M

Owner & transaction history

since 2024
Last sale
$3.1M
1 recorded transaction
2024
$3.1M

Zoning & alternative use

C-2 · Scottsdale, AZ
Zoning description

R) • None required when abutting an alley • Minimum 15-foot wide landscape buffer abutting a Residential District (except the R-5 district). Regional Shopping Center (C-S) Neighborhood Commercial (C-1) Central Business (…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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