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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Commercial land
7431 6th Ave Scottsdale, AZ 85251-3502
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-2937445
Property summary
AI-generated overview
This exceptional .49-acre lot in Old Town Scottsdale presents a unique live/work opportunity. Located at 7431 E 6th Ave, Scottsdale, AZ 85251 (APN 173-40-078), this property is zoned D/OR-2 and situated in an Opportunity Zone. Pre-approved plans are included for a three-story building totaling 4,307 square feet. The proposed design features 1,274 square feet of commercial space on the first floor, 2,724 square feet of combined commercial/residential space on the second floor, and 1,482 square feet of residential space plus a 181 square foot patio on the third floor. The property's prime location offers close proximity to the highly desirable Scottsdale Road and Camelback Road intersection, placing it within easy reach of Scottsdale's premier shopping, dining, and entertainment destinations. Nestled within Old Town's vibrant atmosphere, this lot provides unparalleled access to a diverse array of shops, restaurants, galleries, and nightlife, all within walking distance. The blend of modern amenities and historic charm makes this an exceptional investment opportunity. The asking price is $1,749,000.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.05 ac (2,162 SF)
Zoning code
D/OR-2
APN
173-40-078
UPID
US07-2937445
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
by Request
Blend (final)
Blend
$700k
Owner & transaction history
Fox On The Side LLC · 3 yrs held
Fox On The Side LLC
since 2022
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
D/OR-2 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$540,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Jul 25 2022)
Last sale anchor
$700k
Jul 25 2022
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
—
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
$1,290
Tax year 2023
Assessed value
$36,360
Assessed 2024
Previous assessed
$29,130
+24.8% YoY
Effective rate
3.55%
On assessed value
Land market value
$242,400
Total market value
$242,400
Applied tax rate
481,400.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.05 ac (2,162 SF)
Zoning code
D/OR-2
APN
173-40-078
UPID
US07-2937445
Jurisdiction
MARICOPA
Zoning & alternative use
D/OR-2 · Scottsdale, AZ
Zoning D/OR-2 · permitted uses
D/OR-2 · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
0.05 ac
Current owner
From public records · entity-resolved
Fox On The Side LLC
Entity
Mailing address
1464 E WILLIAMS FLD RD STE #104, GILBERT, AZ 85295-1813
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2022
$700,000
Fox On The Side LLC
U860 Opp Real Estate 1 LLC
Warranty Deed
$675,000 · U860 Opp Real Estate I LLC
Jun 23, 2021
$585,000
U860 Opp Real Estate 1 LLC
Ronald M Fried
Warranty Deed
—
Feb 18, 2020
$550,000
Ronald M Fried
7431 E 6th Ave LLC
Warranty Deed
$370,000 · Equitable Home Mortgage INC
Jul 31, 2013
—
7431 E 6th Ave LLC
Christopher Karas Plc
Grant Deed
—
Jun 3, 2008
$250,000
Christopher Karas P L C
Silverado Development INC
Warranty Deed
$187,500 · M & I Marshall & Ilsley Bank
May 2, 2003
$64,000
Silverado Development INC
Byrds Nest Enterprises LLC
Grant Deed
$64,000 · Ward T & Linda M Bell
Dec 8, 1997
$44,500
Skyview Homes
Arthur D Yelenik
Grant Deed
$34,500 · Seller
Nov 21, 1995
$20,000
Yelenik,arthur D
Gpw Trust
Trustees Deed
—
Sep 22, 1993
—
Gpw Trust
Wines
Grant Deed
related
—
—
—
Gpw Trust
—
Deed Of Trust
related
—
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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