Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5402 Marilyn Rd Scottsdale, AZ 85254-2385

    • Assisted living facilities
    • 2,631 SF
    • 0.24 lot acres
    OFF-MARKET
    Last Sale
    Feb 13, 2024
    Value Estimations
    $595,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0432816
    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

    • Katie’s Care Home / Nursing Home / Retirement Community

    Property Details for 5402 Marilyn Rd

    Year built
    1987
    Construction
    CONCRETE BLOCKS
    Lot size
    0.24 lot acres
    Property size
    2,631 SF
    Zone code
    R1-10
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    215-66-380
    APU
    21566380

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $596,000
      Market price range: $335k - $694k
      AI Estimate
      $596,000
      Market price range: $335k - $694k

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $550,000
      Current use
      MEDICAL BUILDING
      $920,000
      Change: +67% Conversion: Difficult
      OFFICE BUILDING
      $760,000
      Change: +37% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $570,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.965
    Latitude
    33.6215
    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
    $4,388
    $0.00
    $0.00
    $76,770
    -
    $153,500
    $614,200
    $767,700

    Comparable in this City

    • Value Estimation
      $1,470,000
      5,570 SF

      6501 Corrine Dr

      HOMES (RETIRED, NURSING) • 5,570 SF
      6501 Corrine Dr, Scottsdale, AZ 85254-4560
      View Details
    • Value Estimation
      $16,845,000
      105,228 SF

      15436 64th St

      HOMES (RETIRED, NURSING) • 105,228 SF
      15436 64th St, Scottsdale, AZ 85254-2064
      View Details
    • Value Estimation
      $855,000
      3,410 SF

      5901 Sharon Dr, Unit 2

      HOMES (RETIRED, NURSING) • 3,410 SF
      5901 Sharon Dr, Scottsdale, AZ 85254-3727
      View Details
    • Value Estimation
      $630,000
      2,890 SF

      5815 Aire Libre Ave

      HOMES (RETIRED, NURSING) • 2,890 SF
      5815 Aire Libre Ave, Scottsdale, AZ 85254-9221
      View Details
    • Value Estimation
      $725,000
      3,879 SF

      5224 Anderson Dr

      HOMES (RETIRED, NURSING) • 3,879 SF
      5224 Anderson Dr, Scottsdale, AZ 85254-5890
      View Details
    • Value Estimation
      $600,000
      2,778 SF

      5857 Betty Elyse Ln

      HOMES (RETIRED, NURSING) • 2,778 SF
      5857 Betty Elyse Ln, Scottsdale, AZ 85254-1816
      View Details

    Similar Nearby for Sale

    • $150,000
      3,630 SF

      Scottsdale Assisted Living Business Opportunity

      Successful assisted living business with high income and full staff.
      6228 E Assisted Living Ave, Scottsdale, AZ 85254
      View Details
    • $2,150,000
      5,682 SF

      Scottsdale Assisted Living Residence

      Assisted living residence in Scottsdale, licensed for 10 beds.
      Scottsdale, AZ 85254
      View Details
    • Contact for pricing
      8,577 SF

      Scottsdale Retail/Office Space Available

      Retail or office space with parking and patio.
      15445 N Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • New
      $2,275,000
      1.04 Acres

      Scottsdale Land with Existing Residence

      One-acre Scottsdale property with a residence and many amenities.
      12210 N 67Th St N, Scottsdale, AZ 85254
      View Details
    • Contact for pricing

      Scottsdale Retail Space For Sale

      Retail property in central Scottsdale near Paradise Valley and Gainey Ranch.
      6990 E Shea Blvd, Scottsdale, AZ 85254
      View Details
    • $1,180,000
      1,378 SF

      Kierland Condo with Golf Course Views

      Luxury condo with golf course views and high-end amenities.
      15215 N Kierland Blvd, Scottsdale, AZ 85254
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr

      Medical Plaza Lease Opportunity

      Medical plaza for lease in established healthcare community.
      East Shea Blvd, Scottsdale, AZ 85254
      View Details
    • Contact for pricing

      Promenade Corporate Center

      Discover many ways to work your way in Promenade Corporate Center
      16427 Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • Contact for pricing

      Kierland

      Discover many ways to work your way in Kierland
      7047 Greenway Pkwy, Phoenix, AZ 85254
      View Details
    • Contact for pricing

      Class A Office Space Scottsdale

      Premier office space in North Scottsdale with modern build-out.
      16430 N Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • Contact for pricing

      Premier Scottsdale Quarter Retail Space

      Upscale retail space in a high-end shopping and lifestyle destination.
      15279 N Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • Contact for pricing
      10,334 SF

      Restaurant/Retail Space in Scottsdale, AZ

      Restaurant and retail spaces available in Scottsdale, Arizona.
      16455 N Scottsdale Rd, Scottsdale, AZ 85254
      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.
    5402 Marilyn Rd
    Scottsdale, AZ 85254-2385
    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.
    Sign Up Successful!
    You now have access to more from Realmo!