Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7400 Adobe Dr, Unit 125 Scottsdale, AZ 85255-4800
    Property profile & analytics

    7400 Adobe Dr, Unit 125, Scottsdale, AZ 85255-4800

    View on Map
    • Parking lots & garages
    • 35,328 SF
    • 0.11 lot acres
    Off-Market
    Last Sale Oct 7, 2020
    $815,000
    Property ID
    US07-2574508
    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.
    Value Estimations
    $815,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 7400 Adobe Dr

    Year built
    2018
    Construction
    CONCRETE
    Lot size
    0.11 lot acres
    Zone code
    C-4
    Property type
    Parking lots & garages
    APN
    212-03-798
    APU
    21203798

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 7, 2020 $815,000 Oakwood Interests LLC Garages Of Scottsdale LLC Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $810,000

    • Alternative Use

      Use
      Estimation
      PARKING LOT
      $775,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.922
    Latitude
    33.6895
    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
    2022
    $4,474
    $0.00
    $0.00
    $168,480
    -
    $224,600
    $898,600
    $1,123,200

    Comparable in this City

    • Value Estimation
      $840,000
      25,248 SF

      7400 Adobe Dr, Unit 100

      PARKING GARAGE, PARKING STRUCTURE
      7400 Adobe Dr, Scottsdale, AZ 85255-4800
      View Details
    • Value Estimation
      $840,000
      25,248 SF

      7400 Adobe Dr, Unit 110

      PARKING GARAGE, PARKING STRUCTURE
      7400 Adobe Dr, Scottsdale, AZ 85255-4800
      View Details
    • Value Estimation
      $840,000
      25,248 SF

      7400 Adobe Dr, Unit 170

      PARKING GARAGE, PARKING STRUCTURE
      7400 Adobe Dr, Scottsdale, AZ 85255-4800
      View Details
    • Value Estimation
      $840,000
      25,248 SF

      7400 Adobe Dr, Unit 175

      PARKING GARAGE, PARKING STRUCTURE
      7400 Adobe Dr, Scottsdale, AZ 85255-4800
      View Details
    • Value Estimation
      $840,000
      25,248 SF

      7400 Adobe Dr, Unit 105

      PARKING GARAGE, PARKING STRUCTURE
      7400 Adobe Dr, Scottsdale, AZ 85255-4800
      View Details
    • Value Estimation
      $980,000
      35,328 SF

      7400 Adobe Dr, Unit 145

      PARKING GARAGE, PARKING STRUCTURE
      7400 Adobe Dr, Scottsdale, AZ 85255-4800
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      575,000 SF

      Scottsdale Retail Center

      Prime Scottsdale location, 575,000 SF retail space.
      20001 Scottsdale Rd, Scottsdale, AZ 85255
      View Details
    • Contact for pricing

      Scottsdale Road Retail Space Available

      Retail space available in prominent Scottsdale retail trade area.
      17757 North Scottsdale Rd, Scottsdale, AZ 85255
      View Details
    • Contact for pricing

      New Scottsdale Retail Investment Opportunity

      Newly built, fully occupied retail property in prime Scottsdale location.
      20001 North Scottsdale Rd, Scottsdale, AZ 85255
      View Details
    • Contact for pricing
      74,052 SF

      Retail Space in Scottsdale Center

      Retail space in a planned neighborhood center in Scottsdale.
      18211 N Pima Rd, Scottsdale, AZ 85255
      View Details
    • $3,000,000

      Scottsdale Land For Sale

      Land available in Scottsdale, Arizona.
      9702 E Vereda Solana Dr, Scottsdale, AZ 85255
      View Details
    • Contact for pricing
      66,800 SF

      Scottsdale Airpark Industrial Facility

      Institutionally built industrial facility in premier Scottsdale Airpark submarket.
      8388 E Hartford Dr, Scottsdale, AZ 85255
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Affluent Scottsdale

      Retail space in Scottsdale, near Loop 101 and affluent communities.
      17050 N Thompson Peak Pkwy, Scottsdale, AZ 85255
      View Details
    • Contact for pricing
      1,846 SF

      Upscale Outdoor Shopping Center Space

      Retail space in an upscale outdoor shopping center.
      23335 N Scottsdale Rd, Scottsdale, AZ 85255
      View Details
    • Contact for pricing
      780 SF

      Scottsdale Retail Space Available

      Retail space available in Scottsdale, near restaurants and wellness options.
      7615 E Pinnacle Peak Rd, Scottsdale, AZ 85255
      View Details
    • Contact for pricing
      2,489 SF

      Retail Space in Grayhawk Community

      Retail property for lease in Scottsdale's Hayden Peak Crossing.
      20343 N Hayden Rd, Scottsdale, AZ 85255
      View Details
    • Contact for pricing
      2,924 SF

      Scottsdale Retail Space For Rent

      Retail space available in North Scottsdale, near Loop 101.
      18281-18291 N Pima Rd, Scottsdale, AZ 85255
      View Details
    • Contact for pricing
      4,500 SF

      Scottsdale Retail & Restaurant Space

      Retail and restaurant space available in North Scottsdale development.
      101 Nwc Hayden & Loop, Scottsdale, AZ 85255
      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.
    7400 Adobe Dr, Unit 125
    Scottsdale, AZ 85255-4800
    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

    Thank You for Inquiry
    7400 Adobe Dr, Scottsdale, AZ, 85255
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!