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Property profile & analytics
OFF-MARKET
Estimated value
$6,480,000
Strip malls
7607 Mcdowell Rd Scottsdale, AZ 85257-3603
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US07-0073016
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
CONCRETE
Total area
18,508 SF
Lot
3.09 ac (134,470 SF)
Zoning code
C-3
APN
131-12-142
UPID
US07-0073016
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
-
happy family foot massage Alternative Medicine Practice Spa & Massage Center
-
KT's Nail & Spa Nail Salon
-
Duke's Sports Bar and Grill Restaurant
-
Cuckies Sports Bar and Grill Bar & Pub
-
Brazilian Jiu Jitsu Social Club Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.81M
Blend (final)
Blend
$6.48M
Owner & transaction history
Rio At Scottsdale LLC · 20 yrs held
Rio At Scottsdale LLC
since 2005
6 recorded transactions
Zoning & alternative use
C-3 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.1M
+126.0%
Retail stores
$8.5M
+112.8%
Auto repair, garage
$7.6M
+90.4%
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
NEIGHBORHOOD: SHOPPING CENTER
$4,005,000
Current use
COMMERCIAL (GENERAL)
$9,050,000
Change: +126% · Conversion: Easy
RETAIL STORES
$8,525,000
Change: +113% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,625,000
Change: +90% · Conversion: Difficult
MEDICAL BUILDING
$6,465,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$6.48M
Range $5.83M – $7.13M · ±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
$350 / 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
$46,225
Tax year 2023
Assessed value
$1,252,880
Assessed 2024
Previous assessed
$1,092,709
+14.7% YoY
Effective rate
3.69%
On assessed value
Land market value
$4,007,500
Improvement market value
$3,585,711
Total market value
$7,593,211
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
18,508 SF
Lot
3.09 ac (134,470 SF)
Zoning code
C-3
APN
131-12-142
UPID
US07-0073016
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Scottsdale, AZ
Zoning C-3 · permitted uses
C-3 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$9.1M
RETAIL STORES
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$7.6M
MEDICAL BUILDING
Est. value
$6.5M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
3.09 ac
Current owner
From public records · entity-resolved
Rio At Scottsdale LLC
Entity
Mailing address
2641 CROW CYN RD STE #1, SAN RAMON, CA 94583-1526
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2005
$4,825,000
Rio At Scottsdale LLC
Community Centers Of America-plaz
Grant Deed
—
Mar 23, 2001
—
Community Centers Of America
Cole Arizona Retail Income Inv
Grant Deed
related
$2,400,000 · Lehman Brothers Bank Fsb
Jul 18, 1997
$2,340,000
Cole Arizona Retail Income Inves
Magid Family Trust
Grant Deed
related
—
Sep 22, 1989
$1,650,000
Howard Leo
—
Trustees Deed
related
—
Jul 7, 1988
$1,904,000
Ba Mortgage & In
Death
Grant Deed
related
—
Jun 1, 1987
$2,050,000
West Propert Res
Arizo
Grant Deed
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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