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Property profile & analytics
OFF-MARKET
Office buildings
6601 Mcdowell Rd Scottsdale, AZ 85257-3164
Entity Owned
4-yr Hold
Property ID
US07-2347244
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2021
Total area
6,243 SF
Lot
11.35 ac (494,269 SF)
Zoning code
PUD
APN
129-34-052B
UPID
US07-2347244
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
-
Bachelorette Party Nation Theater & Performing Art Venue Music Venue
-
Scottsdale Bachelorette Party Pros - Bachelorette Party Scottsdale Theater & Performing Art Venue Music Venue
-
Cj That Real Estate Guy Real Estate Agency
-
Turbo Text (Bike/Boat/Book/etc) Store Corporate Office
-
Roadrunner on McDowell Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kb Roadrunner LLC · 4 yrs held
Kb Roadrunner LLC
since 2022
Last sale
$193.5M
2 recorded transactions
Zoning & alternative use
PUD · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
-density Residential (R-3) • Landscape area not less than 35 feet deep from any street line Resort/Townhouse Residential (R-4R) • Based on approved landscape plan Regional Shopping Center (C-S) Planned Unit Development (PUD) • Required front yard shall be landscaped, except for driveways and sidewalks/trails • Street trees based on approved landscape plan Se…
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
124.81 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$464,815
Tax year 2023
Assessed value
$14,842,250
Assessed 2024
Previous assessed
$10,803,250
+37.4% YoY
Effective rate
3.13%
On assessed value
Land market value
$29,684,500
Improvement market value
$118,738,000
Total market value
$148,422,500
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
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
2021
Heating
NONE
Buildings
6
Stories
1
Total area
6,243 SF
Lot
11.35 ac (494,269 SF)
Zoning code
PUD
APN
129-34-052B
UPID
US07-2347244
Jurisdiction
MARICOPA
Zoning & alternative use
PUD · Scottsdale, AZZoning PUD · permitted uses
PUD · Scottsdale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
-density Residential (R-3) • Landscape area not less than 35 feet deep from any street line Resort/Townhouse Residential (R-4R) • Based on approved landscape plan Regional Shopping Center (C-S) Planned Unit Development (PUD) • Required front yard shall be landscaped, except for driveways and sidewalks/trails • Street trees based on approved landscape plan Service Residential (S-R) Neighborhood Commercial (C-1) Central Business (C-2) Highwa
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
124.81 ac
Building & site characteristics
From public records
Year built
2021
Heating
NONE
Stories
1
Buildings
6
Lot
11.35 ac
Current owner
From public records · entity-resolved
Kb Roadrunner LLC
Entity
Mailing address
1200 MAIN ST STE F, IRVINE, CA 92614-6749
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2022
—
Kb Roadrunner LLC
Jlb Mcdowell LLC
Agreement Of Sale
—
Feb 18, 2022
$193,500,000
Kb Roadrunner LLC
Jlb Mcdowell LLC
Special Warranty Deed
$125,500,000 · Heitman Credit Acquisition Xv LLC
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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