Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7745 Evans Rd Scottsdale, AZ 85260-3409
    Back to Search
    Property profile & analytics

    7745 Evans Rd, Scottsdale, AZ 85260-3409

    View on Map
    • Auto shops
    • 12,824 SF
    • 0.80 lot acres
    Off-Market
    Last Sale Dec 30, 2022
    $3,250,000
    Property ID
    US07-0170387
    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.
    Value Estimations
    $3,190,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ArrowLane / Auto Repair Shop / Vehicle Inspection Center
    • ArrowTrack / Industrial Manufacturer / Production Facility

    Property Details for 7745 Evans Rd

    Year built
    1997
    Construction
    CONCRETE
    Lot size
    0.80 lot acres
    Zone code
    I-1
    Property type
    Auto shops
    APN
    215-56-145
    APU
    21556145

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 30, 2022 $3,250,000 811 813 18th Street Apartments LLC East Evans Road LLC Special Warranty Deed —
    Jan 18, 2018 — East Evans Road LLC — Deed · related $3.6M · Arrowsmith Trust (pt)
    Nov 22, 2010 — East Evans Road LLC — Deed Of Trust · related $3.6M · Arrowsmith Trust (pt)
    Jan 31, 2007 — East Evans Road LLC Arrowsmith,edith A Warranty Deed $3.1M · Life Insurance Of Southwest
    Nov 3, 2003 $1,750,000 Edith A Arrowsmith Schellings Properties Grant Deed —
    Jun 7, 1996 $227,500 Properties Schelling Frank & Sharon Guccione Grant Deed —
    Apr 11, 1988 $250,000 Guccione Frank Dombr Grant Deed $175k
    — — East Evans Road LLC — Deed Of Trust · related $3.6M · Arrowsmith Trust (pt)
    — — Frank Guccione — Deed Of Trust · related $44k · Biltmore Investors Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,355,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,072,000
      Market price range: $3.07M - $10.4M
      AI Estimate
      $2,637,000
      Market price range: $2.64M - $10.4M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $5,285,000
      Current use
      MEDICAL BUILDING
      $4,480,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.913
    Latitude
    33.6161
    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
    $22,093
    $0.00
    $0.00
    $425,915
    -
    $937,100
    $1,644,200
    $2,581,300

    Comparable in this City

    • Value Estimation
      $2,380,000
      10,700 SF

      7443 Greenway Rd

      AUTO REPAIR, GARAGE
      7443 Greenway Rd, Scottsdale, AZ 85260-1605
      View Details
    • Value Estimation
      $1,170,000
      5,068 SF

      15550 Hayden Rd

      AUTO REPAIR, GARAGE
      15550 Hayden Rd, Scottsdale, AZ 85260-1922
      View Details
    • Value Estimation
      $2,045,000
      6,400 SF

      8423 Butherus Dr

      AUTO REPAIR, GARAGE
      8423 Butherus Dr, Scottsdale, AZ 85260-3076
      View Details
    • Value Estimation
      $1,320,000
      2,636 SF

      8650 Frank Lloyd Wright Blvd

      AUTO REPAIR, GARAGE
      8650 Frank Lloyd Wright Blvd, Scottsdale, AZ 85260-1902
      View Details
    • Value Estimation
      $2,615,000
      3,224 SF

      15514 Thompson Peak Pkwy

      AUTO REPAIR, GARAGE
      15514 Thompson Peak Pkwy, Scottsdale, AZ 85260-2173
      View Details
    • Value Estimation
      $3,815,000
      9,248 SF

      7333 Butherus Dr

      AUTO REPAIR, GARAGE
      7333 Butherus Dr, Scottsdale, AZ 85260-2451
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,179 SF

      Garage Space with Mezzanine Lounge

      Turnkey garage space with mezzanine lounge for collectors/enthusiasts.
      15032 N 74Th St, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      242,740 SF

      New Industrial Space Available Soon

      New industrial property for sale, divisible for multiple tenants.
      7501 E Redfield Rd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing

      Retail Space Near Loop 101

      Retail space available in Scottsdale near Loop 101.
      15444 N Frank Lloyd Wright Blvd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      2,500 SF

      Scottsdale Drive-Thru Opportunity

      Rare drive-thru opportunity in North Scottsdale, anchored by major retailers.
      15236 N Pima Rd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      15,859 SF

      Scottsdale Retail Space For Sale

      Retail space with freeway access and nearby amenities.
      15030 Hayden Rd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      8,500 SF

      Scottsdale Retail Opportunity For Sale

      8,500 SF building on 4.51 net acres.
      13875 N Northsight Blvd, Scottsdale, AZ 85260
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Scottsdale Airpark End-Cap Suite

      Refined industrial space in Scottsdale Airpark, suitable for diverse uses.
      14505 Hayden Rd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near EOS Fitness

      Retail space for rent, anchored by EOS Fitness.
      14651-14987 N Northsight Blvd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing

      Hayden Road Showroom/Warehouse Space

      Showroom and warehouse space with prominent frontage and easy access.
      15250 Hayden Rd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      1,244 SF

      Scottsdale Retail Space Available

      Retail space in North Scottsdale neighborhood with high average household income.
      14144 N 100Th St, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      5,400 SF

      Former Bank & Restaurant Spaces

      Available spaces with drive-thru, patio, and ample parking.
      14148 N 100Th St, Scottsdale, AZ 85260
      View Details
    • Contact for pricing

      Prime Scottsdale Retail Space

      Retail space in a vibrant Scottsdale community with many amenities.
      14651-14987 North Northsight Blvd, Scottsdale, AZ 85260
      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.
    7745 Evans Rd
    Scottsdale, AZ 85260-3409
    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

    Thank You for Inquiry
    7745 Evans Rd, Scottsdale, AZ, 85260
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!