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Property profile & analytics
FOR LEASE
Super regional malls
6900 E Camelback Rd Scottsdale, AZ 85251
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US07-1728928
For Lease
1 / 2
$48 SF/Yr
6900 E Camelback Rd, Scottsdale, AZ 85251
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Property summary
AI-generated overview
Camelback Tower, a prominent 11-story building located at 6900 E Camelback Rd, Scottsdale, AZ 85251, offers three available office suites ideal for medical or traditional office tenants. Built in 1972 and extensively renovated in 2018, this Maricopa County property boasts a total of 143,537 square feet. The available spaces range from a minimum of 1,007 square feet to a maximum contiguous space of 1,056 square feet, providing flexibility for various business needs. A total of 3,096 square feet is currently vacant. The building features ample parking, with a ratio of 5 parking spaces per 1000 square feet. This prime Scottsdale location offers easy access to major transportation routes and amenities. The property is classified as both Traditional Office and Medical Office space, making it a versatile option for a range of businesses. The building's modern amenities and convenient location make it an attractive option for businesses seeking high-quality office space in a thriving area. Inquire today to learn more about these exceptional office suite opportunities.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1991
Construction
STEEL FRAME
Total area
105,714 SF
Lot
1.13 ac (49,145 SF)
Zoning code
D/DRU-2
APN
173-36-004C
UPID
US07-1728928
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
-
Peerlogic (Bike/Boat/Book/etc) Store Corporate Office
-
Caratsmart LLC Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Finance of America Mortgage LLC Loan Service Bank
-
Dicarlo Caserta Mckeighan Law Firm
-
Better Horses Network Radio Station Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$28.73M
Blend (final)
Blend
$27.36M
Owner & transaction history
Wccp 6900 E Camelback LLC · 8 yrs held
Wccp 6900 E Camelback LLC
since 2018
7 recorded transactions
Zoning & alternative use
D/DRU-2 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$43.6M
+90.4%
Office building
$39.8M
+73.9%
Medical building
$36.9M
+61.5%
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
NEIGHBORHOOD: SHOPPING CENTER
$22,880,000
Current use
AUTO REPAIR, GARAGE
$43,560,000
Change: +90% · Conversion: Difficult
OFFICE BUILDING
$39,785,000
Change: +74% · Conversion: Moderate
MEDICAL BUILDING
$36,935,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$27.36M
Range $24.62M – $30.10M · ±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
$259 / 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
$240,412
Tax year 2023
Assessed value
$5,289,158
Assessed 2024
Previous assessed
$3,596,520
+47.1% YoY
Effective rate
4.55%
On assessed value
Land market value
$2,987,400
Improvement market value
$29,068,100
Total market value
$32,055,500
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1991
Construction
STEEL FRAME
Heating
NONE
Buildings
3
Stories
2
Units
3
Total area
105,714 SF
Lot
1.13 ac (49,145 SF)
Zoning code
D/DRU-2
APN
173-36-004C
UPID
US07-1728928
Jurisdiction
MARICOPA
Zoning & alternative use
D/DRU-2 · Scottsdale, AZ
Zoning D/DRU-2 · permitted uses
D/DRU-2 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$22.9M
AUTO REPAIR, GARAGE
Est. value
$43.6M
OFFICE BUILDING
Est. value
$39.8M
MEDICAL BUILDING
Est. value
$36.9M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
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
2
Buildings
3
Units
3
Lot
1.13 ac
Current owner
From public records · entity-resolved
Wccp 6900 E Camelback LLC
Entity
Mailing address
PO BOX 4085, SANTA MONICA, CA 90411-4085
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2020
—
Neiman Marcus Group LLC
—
Deed
related
$699,191,801 · Alter Domus Products Corp
Aug 28, 2019
—
Neiman Marcus Group LLC
—
Deed
related
—
Aug 19, 2019
—
Neiman Marcus Group LLC
—
Grant Deed
related
$125,000,000 · Credit Suisse Ag
Jul 2, 2019
—
Wccp 6900 E Camelback LLC
—
Deed
related
$17,750,000 · Symetra Life Insurance Co
Jul 18, 2018
—
Wccp 6900 E Camelback LLC
Wrm Hayden Investments LLC
Warranty Deed
$17,500,000 · Bmo Harris Bk NA
Apr 11, 2017
—
West Coast Capital Ptrs LLC
Pvp Investments LLC
Grant Deed
related
$17,500,000 · Bmo Harris Bk NA
Mar 29, 2017
$21,825,000
Wrm Hayden Investments LLC
Wccp II Camelback Tower Ll
Grant Deed
—
Mar 6, 2013
—
Scottsdale Fashion Square LLC
—
Grant Deed
related
$525,000,000 · Citigroup Global Markets Rlty
Aug 30, 1995
$19,195,480
Holdings L L C Camelview
Business Of Arizona INC
Grant Deed
related
—
—
—
Scottsdale Fashion Square Partne
—
Deed Of Trust
related
—
—
—
Westcor Company II L P
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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