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Property profile & analytics
OFF-MARKET
Estimated value
$3,605,000
Office buildings
5685 Scottsdale Rd, Scottsdale, AZ 85250-5900
Entity Owned
~
Est. High Equity
Property ID
US07-1181130
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
CONCRETE
Total area
10,082 SF
Lot
0.23 ac (10,215 SF)
Zoning code
S-R
APN
173-14-189
UPID
US07-1181130
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
-
Image Laser Care Center Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.26M
Blend (final)
Blend
$3.61M
Owner & transaction history
Rei Scottsdale Holdings LLC
Rei Scottsdale Holdings LLC
since 2025
Last sale
$4.0M
6 recorded transactions
Zoning & alternative use
S-R · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.9M
+122.5%
Retail stores
$4.6M
+109.5%
Auto repair, garage
$4.2M
+87.4%
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
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
OFFICE BUILDING
$2,215,000
Current use
COMMERCIAL (GENERAL)
$4,930,000
Change: +122% · Conversion: Easy
RETAIL STORES
$4,645,000
Change: +110% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,155,000
Change: +87% · Conversion: Difficult
MEDICAL BUILDING
$3,525,000
Change: +59% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,180,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$3.61M
Range $3.24M – $3.97M · ±10% · vs last sale $3.95M (Nov 24 2025)
Last sale anchor
$3.95M
Nov 24 2025
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
$358 / 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
$14,402
Tax year 2023
Assessed value
$374,633
Assessed 2024
Previous assessed
$311,695
+20.2% YoY
Effective rate
3.84%
On assessed value
Land market value
$454,100
Improvement market value
$1,816,400
Total market value
$2,270,500
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
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
10,082 SF
Lot
0.23 ac (10,215 SF)
Zoning code
S-R
APN
173-14-189
UPID
US07-1181130
Jurisdiction
MARICOPA
Zoning & alternative use
S-R · Scottsdale, AZ
Zoning S-R · permitted uses
S-R · 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
OFFICE BUILDING Current
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$4.9M
RETAIL STORES
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1986
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Rei Scottsdale Holdings LLC
Entity
Mailing address
PO BOX 1860, BENTONVILLE, AR 72712-1860
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2025
$3,950,000
Rei Scottsdale Holdings LLC
Jasper Property LLC
Special Warranty Deed
$3,600,000 · Busey Bank
Jun 13, 2017
$2,550,000
Jasper Property LLC
Building E LLC
Grant Deed
—
Jun 13, 2017
—
Building E LLC
B3j LLC
Warranty Deed
related
—
May 31, 2017
—
Building E LLC
B3j LLC
Quit Claim Deed
related
—
Jul 27, 2006
$2,145,000
Building E LLC
Principal Life Insurance
Grant Deed
$1,450,000 · Prime Pacific Capital LLC
—
—
Building E LLC
—
Deed Of Trust
related
$2,109,900 · Affinity 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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