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Property profile & analytics
OFF-MARKET
Estimated value
$8,945,000
Flex space
7434 Monte Cristo Ave, Scottsdale, AZ 85260-1612
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0496986
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2002
Construction
CONCRETE
Total area
21,046 SF
Lot
1.7 ac (74,250 SF)
Zoning code
I-1
APN
215-44-037
UPID
US07-0496986
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
Current use
Occupant on record · Public records
-
Karma Scottsdale Karma Dealer
-
Static Motorsports at The Collection of Scottsdale Auto Repair Shop
-
Auto House Scottsdale Service Dept Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.95M
Owner & transaction history
Zippyzoom LLC · 2 yrs held
Zippyzoom LLC
since 2024
Last sale
$8.9M
7 recorded transactions
Zoning & alternative use
I-1 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.3M
+262.2%
Retail stores
$9.7M
+241.1%
Auto repair, garage
$8.7M
+205.2%
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
$8,945,000
ML approach
$8,945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,290,000
Change: +262% · Conversion: Difficult
RETAIL STORES
$9,695,000
Change: +241% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,670,000
Change: +205% · Conversion: Easy
MEDICAL BUILDING
$7,355,000
Change: +159% · Conversion: Difficult
Blend value · Realmo final
$8.95M
Range $8.05M – $9.84M · ±10% · vs last sale $8.95M (Mar 19 2024)
Last sale anchor
$8.95M
Mar 19 2024
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
$425 / 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
$59,274
Tax year 2023
Assessed value
$741,647
Assessed 2024
Previous assessed
$741,647
+0.0% YoY
Effective rate
7.99%
On assessed value
Land market value
$1,962,800
Improvement market value
$2,532,032
Total market value
$4,494,832
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
Off-Market
Year built
2002
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
21,046 SF
Lot
1.7 ac (74,250 SF)
Zoning code
I-1
APN
215-44-037
UPID
US07-0496986
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
COMMERCIAL (GENERAL)
Est. value
$10.3M
RETAIL STORES
Est. value
$9.7M
AUTO REPAIR, GARAGE
Est. value
$8.7M
MEDICAL BUILDING
Est. value
$7.4M
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL 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
2002
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.7 ac
Current owner
From public records · entity-resolved
Zippyzoom LLC
Entity
Mailing address
2303 W COMMODORE WAY STE #304, SEATTLE, WA 98199-1560
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2024
$8,946,000
Zippyzoom LLC
7434 East Monte Cristo LLC
Special Warranty Deed
—
Feb 3, 2021
—
7434 East Monte Cristo LLC
—
Deed
related
$1,200,000 · Western State Bank
Sep 22, 2020
—
7434 East Monte Cristo LLC
—
Deed
related
$3,800,000 · First Western Trust Bank
Jan 18, 2019
$4,680,000
7434 E Monte Cristo LLC
Western Properties INC
Special Warranty Deed
$3,978,000 · Great Western Bank
Jan 22, 2016
$4,400,000
Western Properties INC
Carlson Investments LLC
Grant Deed
$4,500,000 · National Bk/az
Dec 22, 2014
—
Carlson Investments LLC
—
Trustees Deed
related
$3,110,836 · Carlson Linda J Trust (pt)
Jun 4, 2002
$3,270,350
Carlson Investments LLC
Lge Corp
Grant Deed
$1,670,000 · Sonoma National Bank
Feb 16, 2001
$1,188,000
Lge Corp
Old Republic Exchange Facilita
Grant Deed
$772,200 · Sonoma National Bank
Dec 29, 2000
—
Republic Exchange Facilita Old
Garvin Holdings LLC
Grant Deed
related
—
Dec 5, 1997
$594,000
Holdings L L C Garvin
Herberger Enterprises INC
Grant Deed
related
—
—
—
Carlson Investments LLC
—
Deed Of Trust
related
$3,400,000 · Midfirst Bank State Savings Bk
—
—
Carlson Investments LLC
—
Deed Of Trust
related
$1,647,908 · California Bank & Trust
—
—
Carlson Investments LLC
—
Deed Of Trust
related
$500,000 · California Bank & Trust
—
—
Carlson Investments LLC
—
Deed Of Trust
related
$944,000 · California Bank & Trust
—
—
Lge Corp
—
Deed Of Trust
related
$1,807,200 · Marine 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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