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Property profile & analytics
OFF-MARKET
Estimated value
$2,365,000
Retail space
7217 Main St, Scottsdale, AZ 85251-4412
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-1254597
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1955
Construction
CONCRETE
Total area
5,266 SF
Lot
0.14 ac (6,212 SF)
Zoning code
D/RS-1
APN
130-23-120
UPID
US07-1254597
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
-
LaVez Spa VIP Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.86M
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$2.37M
Owner & transaction history
7217 East Main St LLC · 1 yrs held
7217 East Main St LLC
since 2025
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
D/RS-1 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.8M
+19.9%
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
$2,690,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,015,000
6.5%
$1,860,000
7%
$1,730,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,150,000
Current use
RESTAURANT
$3,775,000
Change: +20% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,575,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$2.37M
Range $2.13M – $2.60M · ±10% · vs last sale $2.80M (Feb 18 2025)
Last sale anchor
$2.80M
Feb 18 2025
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
$449 / 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
$8,356
Tax year 2023
Assessed value
$162,637
Assessed 2024
Previous assessed
$134,861
+20.6% YoY
Effective rate
5.14%
On assessed value
Land market value
$615,900
Improvement market value
$369,780
Total market value
$985,680
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1955
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
5,266 SF
Lot
0.14 ac (6,212 SF)
Zoning code
D/RS-1
APN
130-23-120
UPID
US07-1254597
Jurisdiction
MARICOPA
Zoning & alternative use
D/RS-1 · Scottsdale, AZ
Zoning D/RS-1 · permitted uses
D/RS-1 · 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
RETAIL STORES Current
Est. value
$3.2M
RESTAURANT
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$2.6M
RETAIL STORES Current
RESTAURANT
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
1955
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
7217 East Main St LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3925 N SCOTTSDALE RD, SCOTTSDALE, AZ 85251-4430
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Apr 21, 2025
$2,800,000
7217 East Main St LLC
Gdo Limited Partnership Lllp
Deed
related
—
Feb 18, 2025
$2,800,000
Diva Diamonds & Jewels LLC
Gdo Limited Partnership Lllp
Special Warranty Deed
$2,240,000 · Sunflower Bank NA
Aug 28, 2023
—
Gdo Limited Partnership Lllp
—
Deed
related
$6,484,030 · Comerica Bank
Mar 15, 2018
—
Gdo Limited Partnership Lllp
—
Deed
related
$1,080,000 · North American Title Company
Apr 19, 2012
—
Gdo LP LLP
—
Deed Of Trust
related
$3,500,000 · Lnv Corp
Oct 8, 2009
—
Gdo LP LLP
—
Deed Of Trust
related
$3,364,811 · Lnv Corp
Jun 30, 2004
—
Gdo LP
—
Deed Of Trust
related
$5,000,000 · First National Bank Arizona
Sep 17, 1993
$275,000
Gilbert D Ortega SR.
Art Theatre Guil
Grant Deed
$100,000 · Seller Carry Back
Jun 23, 1993
—
Louis,k Sher Trust
Sher
Quit Claim Deed
related
—
—
—
Gdo LP
—
Deed Of Trust
related
$352,000 · Wells Fargo Bank Arizona
—
—
L P Gdo
—
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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