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Property profile & analytics
OFF-MARKET
Estimated value
$69,150,000
Office buildings
6263 Scottsdale Rd Scottsdale, AZ 85250-5406
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-2375056
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Construction
STEEL FRAME
Total area
213,934 SF
Lot
7.13 ac (310,501 SF)
Zoning code
C-2
APN
174-15-001L
UPID
US07-2375056
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
-
Confluent Medical Technologies Production Facility
-
Bury, Inc Civil Engineer Electrical Engineer
-
Ironwood Investment Counsel, LLC Financial Advisor
-
Physicians Mutual Insurance Agency
-
Touchstone Wealth Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$69.15M
Blend (final)
Blend
$69.15M
Owner & transaction history
Fr Scottsdale Forum LLC · 3 yrs held
Fr Scottsdale Forum LLC
since 2022
6 recorded transactions
Zoning & alternative use
C-2 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 (C-2) Highway Commercial (C-3) General Commercial (C-4) Support Services (S-S) Commercial Office (C-O) Planned Regional Center (PRC) Planned…
Zone name
Central Business
General category
COMMERCIAL
Zone area
338.59 ac
Top alternative use upside
Commercial (general)
$104.6M
+122.5%
Retail stores
$98.5M
+109.5%
Auto repair, garage
$88.2M
+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
$47,030,000
Current use
COMMERCIAL (GENERAL)
$104,620,000
Change: +122% · Conversion: Easy
RETAIL STORES
$98,530,000
Change: +110% · Conversion: Moderate
AUTO REPAIR, GARAGE
$88,150,000
Change: +87% · Conversion: Difficult
MEDICAL BUILDING
$74,745,000
Change: +59% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$46,295,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$69.15M
Range $62.24M – $76.07M · ±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
$323 / 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
$472,595
Tax year 2023
Assessed value
$9,515,186
Assessed 2024
Previous assessed
$10,066,329
-5.5% YoY
Effective rate
4.97%
On assessed value
Land market value
$12,176,400
Improvement market value
$45,491,397
Total market value
$57,667,797
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1991
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
3
Units
2
Total area
213,934 SF
Lot
7.13 ac (310,501 SF)
Zoning code
C-2
APN
174-15-001L
UPID
US07-2375056
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Scottsdale, AZZoning C-2 · permitted uses
C-2 · Scottsdale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 (C-2) Highway Commercial (C-3) General Commercial (C-4) Support Services (S-S) Commercial Office (C-O) Planned Regional Center (PRC) Planned Convenience Center (PCoC) • Minimum 10-foot wide landscape buffer on the side and r
Zone name
Central Business
General category
COMMERCIAL
Zone area
338.59 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$47.0M
COMMERCIAL (GENERAL)
Est. value
$104.6M
RETAIL STORES
Est. value
$98.5M
AUTO REPAIR, GARAGE
Est. value
$88.2M
MEDICAL BUILDING
Est. value
$74.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$46.3M
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
1991
Construction
STEEL FRAME
Heating
NONE
Stories
3
Buildings
2
Units
2
Lot
7.13 ac
Current owner
From public records · entity-resolved
Fr Scottsdale Forum LLC
Entity
Mailing address
7600 N CAPITAL OF TEXAS HWY STE #130, AUSTIN, TX 78731-1247
Ownership since
2022
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
Oct 8, 2024
—
Sabrina Walters
—
Deed
related
$40,000 · Cynthia Rae Hess Revocable Living Trust
Aug 1, 2022
—
Fr Scottsdale Forum LLC
Cpvf III Scottsdale Forum LLC
Intrafamily Transfer
related
—
Aug 31, 2018
—
Cpvf III Scottsdale Forum LLC
Cp Ipers Prince Forum LLC
Special Warranty Deed
$26,200,000 · Compass Bank
Feb 3, 2017
—
Cp/ipers Prince Forum LLC
—
Deed
related
$150,000,000 · Wells Fargo Bank NA
—
—
Cp Of Ipers Prince Forum LLC
—
Loan Modification
related
$3,300,000 · Miscellaneous Ins Co
—
—
Cp Of Ipers Prince Forum LLC
—
Deed Of Trust
related
$3,600,000 · Miscellaneous Ins Co
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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