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Property profile & analytics
FOR LEASE
Strip malls
7001 N Scottsdale Rd Scottsdale, AZ 85253
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US07-1578709
For Lease
1 / 4
$4,375,000
7001 N Scottsdale Rd, Scottsdale, AZ 85253
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1991
Construction
STEEL FRAME
Total area
11,140 SF
Lot
9.51 ac (414,068 SF)
Zoning code
C-2
APN
174-23-005Z
UPID
US07-1578709
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.43M
Blend (final)
Blend
$4.38M
Owner & transaction history
Ew 17 Mof Jv Seville LLC · 8 yrs held
Ew 17 Mof Jv Seville LLC
since 2017
7 recorded transactions
Zoning & alternative use
C-2 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.5M
+126.0%
Retail stores
$5.1M
+112.8%
Auto repair, garage
$4.6M
+90.4%
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
COMMERCIAL (GENERAL)
$5,450,000
Change: +126% · Conversion: Easy
RETAIL STORES
$5,130,000
Change: +113% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,590,000
Change: +90% · Conversion: Difficult
MEDICAL BUILDING
$3,890,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$4.38M
Range $3.94M – $4.81M · ±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
$393 / 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
$215,726
Tax year 2023
Assessed value
$5,026,689
Assessed 2024
Previous assessed
$4,166,479
+20.6% YoY
Effective rate
4.29%
On assessed value
Land market value
$16,507,300
Improvement market value
$13,957,481
Total market value
$30,464,781
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1991
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
5
Stories
1
Units
5
Total area
11,140 SF
Lot
9.51 ac (414,068 SF)
Zoning code
C-2
APN
174-23-005Z
UPID
US07-1578709
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Scottsdale, AZ
Zoning 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
Scottsdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$5.5M
RETAIL STORES
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$3.9M
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
HEAT PUMP
Stories
1
Buildings
5
Units
5
Lot
9.51 ac
Current owner
From public records · entity-resolved
Ew 17 Mof Jv Seville LLC
Entity
Mailing address
2600 S GESSNER RD STE #500, HOUSTON, TX 77063-3223
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2023
—
Ew17 Mof Jv Seville LLC
—
Deed
related
$15,065,776 · Pinnacle Bank
Sep 20, 2017
$22,400,000
Ew 17 Mof Jv Seville LLC
Spi Az LLC
Special Warranty Deed
$14,450,000 · 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
$14,800,000 · 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
$2,600,000 · Morgan Stanley Mtg Capital INC
Dec 14, 2005
—
Dtr2a LLC
Dtr2 LLC
Quit Claim Deed
related
$22,400,000 · Morgan Stanley Mtg Capital INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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