Property profile

7421 Scottsdale Rd Scottsdale, AZ 85253

OFF-MARKET
Hotels
Property ID
US07-0345219
90,037 SF 9.8 ac lot Built 1974
Trust Owned 7-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1974
Construction STEEL FRAME
Total area 90,037 SF
Lot 9.8 ac (426,800 SF)
Zoning code R-4R
APN 174-24-005A
UPID US07-0345219

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Hotel & Motel
  • Restaurant

Location

7421 Scottsdale Rd Scottsdale, AZ 85253-3548
Scottsdale metro Census 216835 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$20.20M
Blend (final) Blend
$23.02M

Owner & transaction history

since 2019
6 recorded transactions
2019
$2.7M
2018
$2.7M
2017
Price N/A
2017
$7.0M
2006
Price N/A
1969
Price N/A

Zoning & alternative use

R-4R · Scottsdale, AZ
Zoning description

-4-20; Ord. No. 4629, § 1(Res. No. 13058, § 1(Exh. A, § 12)), 2-20-24) Sec. 10.600. - Landscape Buffers. Table 10.600.A Buffer requirements by zoning district Zoning District(s) Requirement Resort/Townhouse Residential (…

General category RESIDENTIAL
Top alternative use upside
Auto repair, garage $37.1M +315.8%
Medical building $31.5M +252.6%
Neighborhood: shopping center $19.5M +118.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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