Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7342 Thomas Rd Scottsdale, AZ 85251-7219

    • Medical offices
    • 6,849 SF
    • 0.61 lot acres
    OFF-MARKET
    Value Estimations
    $2,645,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2276296
    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

    • Mrs. Fatima Raffoul / Physician
    • Dr. Gina Dado / Physician
    • Khai Tan / Physician
    • Sunayana Srinivasan / Physician
    • Ahmed Badawi / Physician

    Property Details for 7342 Thomas Rd

    Year built
    1977
    Construction
    CONCRETE
    Lot size
    0.61 lot acres
    Property size
    6,849 SF
    Zone code
    S-R
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    130-18-011A
    APU
    13018011A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,674,000
      Market price range: $888k - $4.03M
      AI Estimate
      $2,616,000
      Market price range: $888k - $4.03M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,395,000
      Current use
      RETAIL STORES
      $4,095,000
      Change: +71% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,350,000
      Change: +40% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,820,000
      Change: +18% Conversion: Difficult
      OFFICE BUILDING
      $2,580,000
      Change: +8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.922
    Latitude
    33.4808
    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
    $15,472
    $0.00
    $0.00
    $341,708
    -
    $965,700
    $1,105,255
    $2,070,955

    Comparable in this City

    • Value Estimation
      $905,000
      2,239 SF

      7600 Camelback Rd Ste, Unit 110

      MEDICAL BUILDING • 2,239 SF
      7600 Camelback Rd Ste, Scottsdale, AZ 85251-2152
      View Details
    • Value Estimation
      $1,315,000
      10,142 SF

      7514 Monterey Way Ste, Unit 5

      MEDICAL BUILDING • 10,142 SF
      7514 Monterey Way Ste, Scottsdale, AZ 85251-6900
      View Details
    • Value Estimation
      $1,200,000
      2,992 SF

      7600 Camelback Rd Ste, Unit 100

      MEDICAL BUILDING • 2,992 SF
      7600 Camelback Rd Ste, Scottsdale, AZ 85251-2152
      View Details
    • Value Estimation
      $7,865,000
      26,948 SF

      3301 Miller Rd

      MEDICAL BUILDING • 26,948 SF
      3301 Miller Rd, Scottsdale, AZ 85251-6431
      View Details
    • Value Estimation
      $710,000
      1,573 SF

      7101 Thomas Rd

      MEDICAL BUILDING • 1,573 SF
      7101 Thomas Rd, Scottsdale, AZ 85251-6336
      View Details
    • Value Estimation by Request
      10,142 SF

      7514 Monterey Way Ste, Unit 6

      MEDICAL BUILDING • 10,142 SF
      7514 Monterey Way Ste, Scottsdale, AZ 85251-6900
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,000 SF

      Scottsdale Office Building For Sale

      Old Town Scottsdale, 5,000 SF Office Building
      7024 Osborn Rd, Scottsdale, AZ 85251
      View Details
    • $3,080,000
      3,900 SF

      Salon Suites or Med Spa

      Property suitable for salon suites, med spa, or Airbnb.
      7349-7357 E 6Th Ave, Scottsdale, AZ 85251
      View Details
    • $3,500,000
      7,574 SF

      Medical Office Building in Scottsdale

      Freestanding medical office near HonorHealth Scottsdale Osborn Medical Center.
      3300 N 75Th St, Scottsdale, AZ 85251
      View Details
    • New
      $1,250,000
      1,993 SF

      Scottsdale Assisted Living Conversion Opportunity

      Single-story Scottsdale property suitable for assisted living conversion.
      8719 E Columbus Ave, Scottsdale, AZ 85251
      View Details
    • $209,000

      Scottsdale Age-Restricted Condo

      Condo with neutral decor, walk-in closet, and community amenities.
      4950 N Miller Rd, Scottsdale, AZ 85251
      View Details
    • Contact for pricing
      5,000 SF

      Scottsdale Office Building For Sale

      Opportunity Zone location near HonorHealth Scottsdale Osborn Hospital.
      7024 E Osborn Rd, Scottsdale, AZ 85251
      View Details

    Similar Nearby for Lease

    • $40 SF/Yr
      143,537 SF

      Camelback Tower Office Suites

      Scottsdale Office Space, AZ. Three Suites Available.
      6900 Camelback Rd, Scottsdale, AZ 85251
      View Details
    • $24 SF/Yr
      6,204 SF

      Freestanding Medical Building For Rent

      Move-in ready medical building in South Scottsdale/Old Town location.
      7337 E Thomas Rd, Scottsdale, AZ 85251
      View Details
    • 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
    • $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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7342 Thomas Rd
    Scottsdale, AZ 85251-7219
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.