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Property profile & analytics
OFF-MARKET
Estimated value
$2,050,000
Strip malls
4280 Drinkwater Blvd Scottsdale, AZ 85251-3341
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-2817393
Property summary
AI-generated overview
This exceptional 7,800 square foot retail center, located at 4280 N Drinkwater Blvd in Scottsdale, Arizona, presents a prime opportunity for businesses seeking high-visibility space in a thriving market. Built in 2005, this Class B property boasts ample parking with 72 stalls and sits on a substantial 29,696 square foot lot (2.96 acres). The center is currently multi-tenant, offering flexible lease options. A significant 5,745 square feet of space is immediately available, divisible into units as small as 1,600 square feet and with a maximum contiguous space of 4,145 square feet. Ideal for a variety of retail or restaurant concepts, this property benefits from its location in Maricopa County, Arizona, and its convenient access to major thoroughfares. The property's size and layout provide excellent potential for expansion or customization to suit specific business needs. This is a rare opportunity to secure a well-located, sizable retail space in a desirable Scottsdale location. The property's substantial lot size also offers potential for future development or expansion. Don't miss this chance to establish your business in a vibrant and growing area. Contact us today to learn more about this exciting opportunity.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Construction
STEEL FRAME
Total area
6,646 SF
Lot
0.36 ac (15,483 SF)
Zoning code
D/OR-2
APN
173-51-106B
UPID
US07-2817393
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
-
Simon's Hot Dogs Take-out & Catering Catering Service
-
Fantasia Hair Designs Hair Salon Nail Salon
-
Hylash Studio Hair Salon
-
Well Seasoned Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.23M
Comparable Approach
Comparable
$2.22M
Blend (final)
Blend
$2.05M
Owner & transaction history
Redwood Villa INC · 20 yrs held
Redwood Villa INC
since 2005
Last sale
$1.9M
4 recorded transactions
Zoning & alternative use
D/OR-2 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.3M
+126.0%
Auto repair, garage
$2.7M
+90.4%
Office building
$2.5M
+73.9%
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
$1,560,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,415,000
6.5%
$2,230,000
7%
$2,070,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,440,000
Current use
COMMERCIAL (GENERAL)
$3,250,000
Change: +126% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,740,000
Change: +90% · Conversion: Difficult
OFFICE BUILDING
$2,500,000
Change: +74% · Conversion: Moderate
MEDICAL BUILDING
$2,320,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$2.05M
Range $1.85M – $2.26M · ±10% · vs last sale $1.90M (Jun 2 2020)
Last sale anchor
$1.90M
Jun 2 2020
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
$308 / 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
$20,782
Tax year 2023
Assessed value
$407,796
Assessed 2024
Previous assessed
$336,345
+21.2% YoY
Effective rate
5.10%
On assessed value
Land market value
$1,380,100
Improvement market value
$1,091,389
Total market value
$2,471,489
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Total area
6,646 SF
Lot
0.36 ac (15,483 SF)
Zoning code
D/OR-2
APN
173-51-106B
UPID
US07-2817393
Jurisdiction
MARICOPA
Zoning & alternative use
D/OR-2 · Scottsdale, AZ
Zoning D/OR-2 · permitted uses
D/OR-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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL 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
2000
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Redwood Villa INC
Entity
Mailing address
140 E RIO SALADO PKWY UNIT #1104, TEMPE, AZ 85281-5540
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2022
—
Oneten Rei Main LLC
—
Deed
related
$1,370,000 · Midfirst Bank
Dec 15, 2005
$3,200
Redwood Villa INC
Cobler Michael T Trust
Grant Deed
—
Apr 1, 2004
$2,488,500
Cobler,michael T Trust
Scottsdale Civic Retail LLC
Grant Deed
—
—
—
Cobler,michael T Trust
—
Deed Of Trust
related
$933,000 · Comerica Bank
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.
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