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Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Retail space
7007 Bell Rd, Scottsdale, AZ 85254-1502
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-0394992
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1994
Construction
CONCRETE
Total area
1,575 SF
Lot
4.17 ac (181,529 SF)
Zoning code
IND.PK.
APN
215-43-318
UPID
US07-0394992
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.23M
Owner & transaction history
Cubesmart LP · 2 yrs held
Cubesmart LP
since 2023
7 recorded transactions
Zoning & alternative use
IND.PK. · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$770,000
+6.2%
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)
$770,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±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
$781 / 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
$148,298
Tax year 2023
Assessed value
$1,546,057
Assessed 2024
Previous assessed
$3,251,029
-52.4% YoY
Effective rate
9.59%
On assessed value
Land market value
$5,223,900
Improvement market value
$4,146,144
Total market value
$9,370,044
Applied tax rate
691,300.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1994
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
11
Stories
1
Units
10
Total area
1,575 SF
Lot
4.17 ac (181,529 SF)
Zoning code
IND.PK.
APN
215-43-318
UPID
US07-0394992
Jurisdiction
MARICOPA
Zoning & alternative use
IND.PK. · Scottsdale, AZ
Zoning IND.PK. · permitted uses
IND.PK. · 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
$770,000
COMMERCIAL (GENERAL)
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
1994
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
11
Units
10
Lot
4.17 ac
Current owner
From public records · entity-resolved
Cubesmart LP
Entity
Free & Clear · 2 yrs held
Mailing address
5 OLD LANCASTER RD, MALVERN, PA 19355-2132
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2023
—
Cubesmart LP
Laaco Ltd
Special Warranty Deed
—
Sep 4, 2001
$5,618,730
Laaco Ltd
Fnx Storage Properties LLC
Grant Deed
—
May 25, 2000
—
Fnx Storage Properties LLC
Independent Order Of Foresters
Trustees Deed
$52,000,000 · Bank Of America
May 25, 2000
$5,600,000
Pnx Storage Properties LLC
Independent Order Of Foresters
Trustees Deed
—
Apr 23, 1999
—
State Street Bank & Trust Co
Citibank NA Trustee
Grant Deed
related
—
Dec 8, 1994
$4,400,000
Independent Order Of Foresters
Gateway S/b INC
Trustees Deed
—
Dec 8, 1994
—
Independent Order Of Foresters
Four S Properties
Quit Claim Deed
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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