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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7325 3rd Ave Scottsdale, AZ 85251-3902

    • Hotels
    • 194,004 SF
    • 1.83 lot acres
    OFF-MARKET
    Value Estimations
    $49,585,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0902859
    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.

    Current Use by Public Records

    • Scottsdale Marriott Old Town / Hotel / Meeting Planning Service
    • Tesla Destination Charger / Electric Vehicle Charging Station
    • Phoenix Block Wall Contractors / Fence Contractor

    Property Details for 7325 3rd Ave

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    1.83 lot acres
    Property size
    194,004 SF
    Zone code
    D/OR-2
    Property type
    Hotels
    APN
    173-51-097G
    APU
    17351097G

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $43,515,000
      Market price range: $5.22M - $43.5M
      AI Estimate
      $55,655,000
      Market price range: $5.22M - $55.7M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $79,935,000
      OFFICE BUILDING
      $73,010,000
      MEDICAL BUILDING
      $67,785,000
      NEIGHBORHOOD: SHOPPING CENTER
      $41,985,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.925
    Latitude
    33.4964
    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
    $345,920
    $0.00
    $0.00
    $5,195,454
    -
    $5,864,900
    $25,622,700
    $31,487,600

    Comparable in this City

    • Value Estimation by Request
      128,083 SF

      7142 1st St

      HOTEL • 128,083 SF
      7142 1st St, Scottsdale, AZ 85251-5308
      View Details
    • Value Estimation
      $27,835,000
      108,896 SF

      7324 Indian School Rd

      HOTEL • 108,896 SF
      7324 Indian School Rd, Scottsdale, AZ 85251-3904
      View Details
    • Value Estimation
      $30,835,000
      120,651 SF

      3311 Scottsdale Rd

      HOTEL • 120,651 SF
      3311 Scottsdale Rd, Scottsdale, AZ 85251-6427
      View Details
    • Value Estimation by Request
      390,400 SF

      Scottsdale, AZ 85251

      HOTEL • 390,400 SF
      Scottsdale, AZ 85251
      View Details
    • Value Estimation by Request
      393,994 SF

      6000 Camelback Rd

      HOTEL • 393,994 SF
      6000 Camelback Rd, Scottsdale, AZ 85251-1949
      View Details
    • Value Estimation
      $2,545,000
      9,954 SF

      4000 Drinkwater Blvd

      HOTEL • 9,954 SF
      4000 Drinkwater Blvd, Scottsdale, AZ 85251
      View Details

    Similar Nearby for Sale

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      3,900 SF

      Salon Suites or Med Spa

      Property suitable for salon suites, med spa, or Airbnb.
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      View Details
    • $1,749,000
      0.49 Acres

      Old Town Scottsdale Live/Work Land

      Prime .49-acre lot, buildable live/work space.
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      View Details
    • Contact for pricing
      18,921 SF

      Scottsdale Land in Opportunity Zone

      Commercial land in Scottsdale's Old Town, near amenities and transportation.
      7532 E Mcknight Ave, Scottsdale, AZ 85251
      View Details
    • $579,000
      1,704 SF

      Old Town Scottsdale Townhome

      Four-bedroom townhome in Old Town Scottsdale, short-term rental permitted.
      7665 E Montecito Ave, Scottsdale, AZ 85251
      View Details
    • Contact for pricing
      15,013 SF

      Old Town Scottsdale Freestanding Building

      Freestanding building in Old Town Scottsdale with private parking.
      4167 N Scottsdale Rd, Scottsdale, AZ 85251
      View Details
    • Contact for pricing

      Scottsdale Live/Work Development Opportunity

      Land with plans for a three-story live/work property.
      7431 E 6Th Ave, Scottsdale, AZ 85251
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,456 SF

      Scottsdale Office Space Sublease

      4,456 SF office space available for sublease.
      4110 N Scottsdale Rd, Scottsdale, AZ 85251
      View Details
    • $22 SF/Yr
      900 SF

      Creative Studio/Boutique Office Space

      900 SF office space near Scottsdale's Art District.
      6990 E Main St, Scottsdale, AZ 85251
      View Details
    • $28 SF/Yr
      1,501 SF

      Sustainable Office Space For Rent

      Office space near Scottsdale Entertainment District, powered by solar energy.
      3226 N Miller Rd, Scottsdale, AZ 85251
      View Details
    • Contact for pricing
      900 SF

      Old Town Scottsdale Retail Space

      Retail space available in Old Town Scottsdale adaptive reuse project.
      4146 N Marshall Way, Scottsdale, AZ 85251
      View Details
    • $23 SF/Yr
      1,520 SF

      Scottsdale Office Space Available

      Two-story Class B office space for lease in Scottsdale.
      3260 N Hayden Rd, Scottsdale, AZ 85251
      View Details
    • $3,500 /Mo

      Furnished Mid-Century Modern Scottsdale Residence

      Fully furnished 1BR/1.5BA residence near Old Town Scottsdale.
      6943 E 3Rd St, Scottsdale, AZ 85251
      View Details

    Property Visit Statistics

    • Visits by month
      14.4k
    • Visitors by month
      4.8k
    • Avg Time on site
      401 min
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    7325 3rd Ave
    Scottsdale, AZ 85251-3902
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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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