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Property profile & analytics
FOR LEASE
Flex space
7400 E Monte Cristo Ave, Scottsdale, AZ 85260
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US07-1779794
For Lease
1 / 2
$3,805,000
7400 E Monte Cristo Ave, Scottsdale, AZ 85260
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1999
Construction
CONCRETE
Total area
16,724 SF
Lot
1.26 ac (55,000 SF)
Zoning code
I-1
APN
215-44-036
UPID
US07-1779794
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.81M
Blend (final)
Blend
$3.81M
Owner & transaction history
Monte Cristo Holdings LLC · 19 yrs held
Monte Cristo Holdings LLC
since 2007
7 recorded transactions
Zoning & alternative use
I-1 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.8M
+158.8%
Neighborhood: shopping center
$3.6M
+60.3%
Office building
$2.7M
+19.2%
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
MEDICAL BUILDING
$5,845,000
Change: +159% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,620,000
Change: +60% · Conversion: Difficult
OFFICE BUILDING
$2,690,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$3.81M
Range $3.42M – $4.19M · ±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
$228 / 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
$35,615
Tax year 2023
Assessed value
$707,933
Assessed 2024
Previous assessed
$602,650
+17.5% YoY
Effective rate
5.03%
On assessed value
Land market value
$1,461,300
Improvement market value
$2,829,200
Total market value
$4,290,500
Applied tax rate
691,400.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
1999
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
16,724 SF
Lot
1.26 ac (55,000 SF)
Zoning code
I-1
APN
215-44-036
UPID
US07-1779794
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Scottsdale, AZ
Zoning I-1 · permitted uses
I-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
MEDICAL BUILDING
Est. value
$5.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
OFFICE BUILDING
Est. value
$2.7M
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE 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
1999
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
Monte Cristo Holdings LLC
Entity
Mailing address
3020 N SCOTTSDALE RD, SCOTTSDALE, AZ 85251-7210
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2007
$3,650,000
Monte Cristo Holdings LLC
Jake Real Estate LLC
Special Warranty Deed
$2,760,000 · Northern Trust NA
Feb 2, 2007
—
John W Alofs II
Jake Real Estate LLC
Grant Deed
—
Feb 27, 2002
—
Jake Real Estate LLC
Cooper Real Estate LLC
Quit Claim Deed
related
$1,676,000 · Camelback Community Bank
Jul 10, 1998
—
Cooper Real Estate LLC
Alofs,john W & Susan A
Grant Deed
$1,285,200 · Norwest Bank Arizona
Feb 19, 1998
$448,250
John W Alofs
Herberger Enterprises INC
Grant Deed
—
—
—
Cooper Real Estates LLC
—
Deed Of Trust
related
$150,000 · Arizona Bank
—
—
Jake Real Estate LLC
—
Deed Of Trust
related
$1,552,000 · Arizona Business Bank
—
—
Jake Real Estate LLC
—
Deed Of Trust
related
$507,537 · Arizona Business Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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