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Property profile & analytics
FOR LEASE
Medical Office Space
5410 N Scottsdale Rd Paradise Valley, AZ 85253
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US07-0079090
For Lease
Contact for pricing
5410 N Scottsdale Rd, Paradise Valley, AZ 85253
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Construction
CONCRETE
Total area
12,236 SF
Lot
8.47 ac (369,055 SF)
Zoning code
SUP-O
APN
173-18-002C
UPID
US07-0079090
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
$7.20M
Blend (final)
Blend
$7.20M
Owner & transaction history
Bayport Pv Associates · 17 yrs held
Bayport Pv Associates
since 2009
5 recorded transactions
Zoning & alternative use
SUP-O · Paradise Valley, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
town code
Top alternative use upside
Restaurant
$8.8M
+105.2%
Commercial (general)
$6.0M
+40.0%
Retail stores
$5.6M
+31.8%
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 Paradise Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paradise Valley 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
RESTAURANT
$8,770,000
Change: +105% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,985,000
Change: +40% · Conversion: Easy
RETAIL STORES
$5,635,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,040,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$7.20M
Range $6.48M – $7.92M · ±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
$588 / 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
$147,700
Tax year 2023
Assessed value
$3,748,289
Assessed 2024
Previous assessed
$2,805,000
+33.6% YoY
Effective rate
3.94%
On assessed value
Land market value
$13,916,994
Improvement market value
$8,799,906
Total market value
$22,716,900
Applied tax rate
481,100.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1983
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
8
Stories
1
Units
8
Total area
12,236 SF
Lot
8.47 ac (369,055 SF)
Zoning code
SUP-O
APN
173-18-002C
UPID
US07-0079090
Jurisdiction
MARICOPA
Zoning & alternative use
SUP-O · Paradise Valley, AZZoning SUP-O · permitted uses
SUP-O · Paradise Valley, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
town code
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$8.8M
COMMERCIAL (GENERAL)
Est. value
$6.0M
RETAIL STORES
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.0M
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1983
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
8
Units
8
Lot
8.47 ac
Current owner
From public records · entity-resolved
Bayport Pv Associates
Entity
Mailing address
9401 W THUNDERBIRD RD STE #200, PEORIA, AZ 85381-4239
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2016
—
Bayport Pv Associates LP
—
Deed
related
$10,500,000 · Us Commercial Mortgage Loan Portfolio
Mar 6, 2009
—
Bayport Pv Associates
Mills Paradise Valley LLC
Quit Claim Deed
related
—
Oct 17, 2007
$17,062,500
Mills Paradise Valley LLC
Wcp Stf Paradise Valley LLC
Warranty Deed
$10,750,000 · Ml-cfc Com'l Mt Tr 2006-4 (tr)
Nov 22, 2006
$21,450,000
Wcp Stf Paradise Valley LLC
Arizona Jackrabbit LLC
Special Warranty Deed
$10,750,000 · Countrywide Com Real Estate Finance
—
—
Arziona Jackrabbit LLC
—
Deed Of Trust
related
$15,000 · Northern Trust Bank Arizona
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?”
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