Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7534 2nd St Scottsdale, AZ 85251-4548

    • Medical offices
    • 2,160 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    $1,270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2650828
    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.

    Current Use by Public Records

    • Osama Muwais / Family Practice Physician / Internist
    • Dr. Patrick Pasulka / Internist / Practitioner Service Location
    • Dr. Rebecca Zaner / Internist
    • Kathryn Lee / Internist
    • Muzna Naqvi / Internist

    Property Details for 7534 2nd St

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    0.21 lot acres
    Property size
    2,160 SF
    Zone code
    S-R
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    130-25-033A
    APU
    13025033A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,271,000
      Market price range: $280k - $1.27M
      AI Estimate
      $1,271,000
      Market price range: $280k - $1.27M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,290,000
      COMMERCIAL (GENERAL)
      $1,055,000
      AUTO REPAIR, GARAGE
      $890,000
      OFFICE BUILDING
      $815,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.918
    Latitude
    33.4915
    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
    2023
    $7,237
    $0.00
    $0.00
    $251,130
    -
    $802,800
    $719,200
    $1,522,000

    Comparable in this City

    • Value Estimation by Request
      0.97 Acres

      7600 Camelback Rd

      MEDICAL BUILDING • 0.97 Acres
      7600 Camelback Rd, Scottsdale, AZ 85251-2106
      View Details
    • Value Estimation
      $790,000
      1,964 SF

      7333 Thomas Rd

      MEDICAL BUILDING • 1,964 SF
      7333 Thomas Rd, Scottsdale, AZ 85251-7215
      View Details
    • Value Estimation
      $1,270,000
      2,160 SF

      3226 Miller Rd

      MEDICAL BUILDING • 2,160 SF
      3226 Miller Rd, Scottsdale, AZ 85251-6930
      View Details
    • Value Estimation
      $950,000
      5,393 SF

      3302 Miller Rd E E Ste

      MEDICAL BUILDING • 5,393 SF
      3302 Miller Rd E E Ste, Scottsdale, AZ 85251-6488
      View Details
    • Value Estimation
      $4,155,000
      13,704 SF

      7351 Osborn Rd

      MEDICAL BUILDING • 13,704 SF
      7351 Osborn Rd, Scottsdale, AZ 85251-6451
      View Details
    • Value Estimation
      $1,250,000
      4,819 SF

      3030 67th Pl

      MEDICAL BUILDING • 4,819 SF
      3030 67th Pl, Scottsdale, AZ 85251-6000
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,000 SF

      Scottsdale Office Building For Sale

      Old Town Scottsdale, 5,000 SF Office Building
      7024 Osborn Rd, Scottsdale, AZ 85251
      View Details
    • $209,000

      Scottsdale Age-Restricted Condo

      Condo with neutral decor, walk-in closet, and community amenities.
      4950 N Miller Rd, Scottsdale, AZ 85251
      View Details
    • $3,080,000
      3,900 SF

      Salon Suites or Med Spa

      Property suitable for salon suites, med spa, or Airbnb.
      7349-7357 E 6Th Ave, Scottsdale, AZ 85251
      View Details
    • $3,500,000
      7,574 SF

      Medical Office Building in Scottsdale

      Freestanding medical office near HonorHealth Scottsdale Osborn Medical Center.
      3300 N 75Th St, Scottsdale, AZ 85251
      View Details
    • $4,000,000
      5,723 SF

      Prime Scottsdale Retail/Office Space

      Old Town Scottsdale Retail Opportunity, 5,723 SF
      4224 Craftsman Ct, Scottsdale, AZ 85251
      View Details
    • $2,495,000
      5,004 SF

      Old Town Scottsdale Office Building

      Two-story office building in the heart of Old Town Scottsdale.
      7505 E 6Th Ave, Scottsdale, AZ 85251
      View Details

    Similar Nearby for Lease

    • $40 SF/Yr
      143,537 SF

      Camelback Tower Office Suites

      Scottsdale Office Space, AZ. Three Suites Available.
      6900 Camelback Rd, Scottsdale, AZ 85251
      View Details
    • $24 SF/Yr
      6,204 SF

      Freestanding Medical Building For Rent

      Move-in ready medical building in South Scottsdale/Old Town location.
      7337 E Thomas Rd, Scottsdale, AZ 85251
      View Details
    • $27 SF/Yr
      2,820 SF

      Old Town Scottsdale Office Space

      Move-in ready office space in the heart of Scottsdale.
      4254 N Brown Ave, Scottsdale, AZ 85251
      View Details
    • Contact for pricing
      6,376 SF

      Next Generation Office Space

      Office space with indoor/outdoor workspaces near Scottsdale and Tempe.
      6370 E Thomas Rd, Scottsdale, AZ 85251
      View Details
    • Contact for pricing
      11,176 SF

      Scottsdale Office Space with Amenities

      Office space featuring fitness center, auditorium, restaurants, lounge, and game room.
      4900 N Scottsdale Rd, Scottsdale, AZ 85251
      View Details
    • $25 SF/Yr
      929 SF

      Old Town Scottsdale Office Space

      Office space in the heart of Old Town Scottsdale.
      4414 N Civic Center Plz, Scottsdale, AZ 85251
      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.
    7534 2nd St
    Scottsdale, AZ 85251-4548
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.