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    7001 Scottsdale Rd Scottsdale, AZ 85253-3658
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    Property profile & analytics

    7001 Scottsdale Rd, Scottsdale, AZ 85253-3658

    View on Map
    • Strip malls
    • 11,140 SF
    • 9.51 lot acres
    Off-Market
    Property ID
    US07-1578709
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,375,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kettey's International Fashion Boutique LLC / (Bike/Boat/Book/etc) Store
    • Jeff Gritzmacher, The Agency / Real Estate Agency
    • Seville Shopping Center / Shopping Center & Mall
    • Orangetheory Fitness / Gym & Fitness Center
    • CYCLEBAR / Gym & Fitness Center

    Property Details for 7001 Scottsdale Rd

    Year built
    1991
    Construction
    STEEL FRAME
    Lot size
    9.51 lot acres
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    174-23-005Z
    APU
    17423005Z

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 20, 2023 — Ew17 Mof Jv Seville LLC — Deed · related $15.1M · Pinnacle Bank
    Sep 20, 2017 $22,400,000 Ew 17 Mof Jv Seville LLC Spi Az LLC Special Warranty Deed $14.5M · Western Alliance Bank
    Sep 30, 2016 $34,000,000 Whitestone Seville LLC Hca Az LLC Grant Deed —
    Sep 30, 2016 — Spi Az LLC Hca Az LLC Special Warranty Deed $14.8M · Yam Capital II LLC
    Sep 19, 2006 $34,000,000 Hca Az LLC Dtr3 LLC Special Warranty Deed —
    Sep 19, 2006 $17,750,000 Hca Az LLC Dtr3a LLC Special Warranty Deed —
    Jun 26, 2006 — Dtr3a LLC Dtr2a LLC Warranty Deed $2.6M · Morgan Stanley Mtg Capital INC
    Dec 14, 2005 — Dtr2a LLC Dtr2 LLC Quit Claim Deed · related $22.4M · Morgan Stanley Mtg Capital INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,430,000
      Market price range: $415k - $4.43M
      AI Estimate
      $4,314,000
      Market price range: $285k - $4.31M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,450,000
      RETAIL STORES
      $5,130,000
      AUTO REPAIR, GARAGE
      $4,590,000
      MEDICAL BUILDING
      $3,890,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.924
    Latitude
    33.5393
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $215,726
    $0.00
    $0.00
    $5,026,689
    -
    $16,507,300
    $13,957,481
    $30,464,781

    Comparable in this City

    • Value Estimation
      $4,665,000
      11,880 SF

      6378 Scottsdale Rd

      SHOPPING CENTER, STRIP CENTER
      6378 Scottsdale Rd, Paradise Valley, AZ 85253-5425
      View Details
    • Value Estimation
      $3,975,000
      10,128 SF

      6300 Scottsdale Rd

      SHOPPING CENTER, STRIP CENTER
      6300 Scottsdale Rd, Paradise Valley, AZ 85253-5417
      View Details
    • Value Estimation by Request
      11,200 SF

      6560 Scottsdale Rd

      SHOPPING CENTER, STRIP CENTER
      6560 Scottsdale Rd, Paradise Valley, AZ 85253-4412
      View Details
    • Value Estimation
      $12,200,000
      27,581 SF

      10050 Scottsdale Rd

      SHOPPING CENTER, STRIP CENTER
      10050 Scottsdale Rd, Paradise Valley, AZ 85253-1498
      View Details
    • Value Estimation
      $2,560,000
      4,596 SF

      10321 Scottsdale Rd

      RETAIL STORES (PERSONAL SERVICES)
      10321 Scottsdale Rd, Scottsdale, AZ 85253-1426
      View Details
    • Value Estimation by Request
      4,571 SF

      10300 Scottsdale Rd

      CANNABIS DISPENSARY
      10300 Scottsdale Rd, Paradise Valley, AZ 85253-1449
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,093 SF

      Established Pet Resort Business Opportunity

      Turnkey pet care business in Paradise Valley with strong revenue.
      6909 E Lincoln Dr, Paradise Valley, AZ 85253
      View Details
    • $5,995,000
      Pending

      Paradise Valley Land Opportunity

      Land available in Paradise Valley, Arizona.
      6900 N Mummy Mountain Rd, Paradise Valley, AZ 85253
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    • Contact for pricing

      Scottsdale Multifamily Conversion Opportunity

      Prime Scottsdale location with conversion options and strong growth potential.
      9880 N Scottsdale Rd, Scottsdale, AZ 85253
      View Details
    • $2,500,000

      Paradise Valley Land Opportunity

      Land available in Paradise Valley, Arizona.
      7080 N Invergordon Rd, Paradise Valley, AZ 85253
      View Details
    • $4,995,000
      3.88 Acres

      Paradise Valley Premium View Lot

      Exclusive 3.88-acre lot with panoramic views and building pad.
      7040 N Invergordon Rd, Paradise Valley, AZ 85253
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,100 SF

      Retail Space on Scottsdale Road

      Retail space with signage and patio on Scottsdale Road.
      6590 N Scottsdale Rd, Scottsdale, AZ 85253
      View Details
    • Contact for pricing
      1,928 SF

      Scottsdale Road Retail Space

      Retail space in the heart of Scottsdale, high traffic location.
      10305 N Scottsdale Rd, Paradise Valley, AZ 85253
      View Details
    • Contact for pricing
      2,894 SF

      Retail Space Near Resort Row

      Retail space near McCormick-Stillman Railroad Park and upcoming Ritz-Carlton.
      7001 N Scottsdale Rd, Paradise Valley, AZ 85253
      View Details
    • Contact for pricing
      3,626 SF

      Scottsdale Retail Space Available

      Retail space available for lease in Scottsdale, Arizona.
      10320 N Scottsdale Rd, Scottsdale, AZ 85253
      View Details
    • $38 SF/Yr

      Class A Office Space Available

      Class A office building with on-site cafe and conference facility.
      6720 North Scottsdale Rd, Scottsdale, AZ 85253
      View Details
    • Contact for pricing

      8501 N Scottsdale Rd, Scottsdale, AZ 85253

      Office buildings
      8501 N Scottsdale Rd, Scottsdale, AZ 85253
      View Details
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    Scottsdale, AZ 85253-3658
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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