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Property profile & analytics
FOR LEASE
Office buildings
7033 E Greenway Pkwy, Scottsdale, AZ 85254
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-1199933
For Lease
1 / 2
$39 SF/Yr
7033 E Greenway Pkwy, Scottsdale, AZ 85254
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Construction
STEEL FRAME
Total area
84,436 SF
Lot
3.4 ac (148,151 SF)
Zoning code
CP/GCP
APN
215-58-044
UPID
US07-1199933
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
-
Silver Law PLC Law Firm
-
UpScriptHealth (Bike/Boat/Book/etc) Store Corporate Office
-
Silver Jason M Law Firm
-
Bredemann & Shellander, Shellander Thomas W Law Firm
-
Sherman & Howard L.L.C. Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$39.45M
Blend (final)
Blend
$39.45M
Owner & transaction history
Ascentris-214 LLC · 7 yrs held
Ascentris-214 LLC
since 2018
7 recorded transactions
Zoning & alternative use
CP/GCP · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$60.5M
+148.5%
Commercial (general)
$41.3M
+69.5%
Retail stores
$38.9M
+59.7%
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
OFFICE BUILDING
$24,355,000
Current use
RESTAURANT
$60,530,000
Change: +149% · Conversion: Moderate
COMMERCIAL (GENERAL)
$41,290,000
Change: +70% · Conversion: Easy
RETAIL STORES
$38,890,000
Change: +60% · Conversion: Moderate
AUTO REPAIR, GARAGE
$34,790,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$29,500,000
Change: +21% · Conversion: Easy
Blend value · Realmo final
$39.45M
Range $35.50M – $43.39M · ±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
$467 / 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
$256,866
Tax year 2023
Assessed value
$4,152,926
Assessed 2024
Previous assessed
$3,988,234
+4.1% YoY
Effective rate
6.19%
On assessed value
Land market value
$3,870,900
Improvement market value
$21,298,351
Total market value
$25,169,251
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2009
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
2
Stories
3
Units
2
Total area
84,436 SF
Lot
3.4 ac (148,151 SF)
Zoning code
CP/GCP
APN
215-58-044
UPID
US07-1199933
Jurisdiction
MARICOPA
Zoning & alternative use
CP/GCP · Scottsdale, AZ
Zoning CP/GCP · permitted uses
CP/GCP · 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
OFFICE BUILDING Current
Est. value
$24.4M
RESTAURANT
Est. value
$60.5M
COMMERCIAL (GENERAL)
Est. value
$41.3M
RETAIL STORES
Est. value
$38.9M
AUTO REPAIR, GARAGE
Est. value
$34.8M
MEDICAL BUILDING
Est. value
$29.5M
OFFICE BUILDING Current
RESTAURANT
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
2009
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
3
Buildings
2
Units
2
Lot
3.4 ac
Current owner
From public records · entity-resolved
Ascentris-214 LLC
Entity
Mailing address
1401 17TH ST STE #1200, DENVER, CO 80202-5928
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2018
—
Ascentris-214 LLC
—
Grant Deed
related
$15,898,250 · Compass Bk
Nov 2, 2018
$25,000
Ascentris-214 LLC
Pcpi Kierland Il LLC
Grant Deed
—
Nov 30, 2016
—
Pcpi Kierland II LLC
—
Deed
related
$18,000,000 · Private Individual
Sep 30, 2016
$20,000,000
Pcpi Kierland II LLC
Bataa Of Kierland II LLC
Grant Deed
—
Aug 25, 2016
—
Parallel Capital Partners LLC
Bataa Of Kierland II LLC
Quit Claim Deed
related
—
Oct 11, 2011
—
Bataa Of Kierland II LLC
—
Deed Of Trust
related
$18,000,000 · Bankers Trust Co
Jul 10, 2008
$4,445,000
Bataa Of Kierland II LLC
Bataa Of Kierland LLC
Grant Deed
$18,000,000 · Bankers Tr
Jul 8, 2008
—
Bataa & Kierland II LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Bataa Of Kierland II LLC
—
Loan Modification
related
$18,000,000 · Bankers Tr
—
—
Bataa Of Kierland II LLC
—
Loan Modification
related
$400,000 · Bankers Tr
—
—
Bataa Of Kierland II LLC
—
Loan Modification
related
$18,000,000 · Bankers Tr
—
—
Pcpi Kierland II LLC
—
Deed Of Trust
related
$18,000,000 · Private Individual
—
—
Bataa Of Kierland II LLC
—
Deed Of Trust
related
$16,268,699 · Bankers Trust Co
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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