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Property profile & analytics
OFF-MARKET
Estimated value
$2,980,000
Industrial properties
7865 Redfield Rd Scottsdale, AZ 85260-2989
Entity Owned
4-yr Hold
Free & Clear
Property ID
US07-0881203
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1991
Construction
CONCRETE
Total area
13,733 SF
Lot
1.13 ac (49,216 SF)
Zoning code
I-1
APN
215-56-180
UPID
US07-0881203
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
-
Cantera Creative Edge Stone Works Building Supply
-
Staged Furniture For Sale Arizona Furniture & Home Goods
-
AZ soccer Lab suite 100 Gym & Fitness Center Sports Field & Court
-
Lavish Interiors and Staging Furniture Furniture & Home Goods Home Decor Store
-
Lavish Interiors Staging Furniture and Design Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.93M
Comparable Approach
Comparable
$3.13M
Blend (final)
Blend
$2.98M
Owner & transaction history
9th Venture LLC · 4 yrs held
9th Venture LLC
since 2021
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
I-1 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.8M
+158.8%
Neighborhood: shopping center
$3.0M
+60.3%
Office building
$2.2M
+19.2%
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
$2,370,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,165,000
6.5%
$2,925,000
7%
$2,715,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,855,000
Current use
MEDICAL BUILDING
$4,800,000
Change: +159% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,970,000
Change: +60% · Conversion: Difficult
OFFICE BUILDING
$2,210,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$2.98M
Range $2.68M – $3.28M · ±10% · vs last sale $2.87M (Nov 3 2021)
Last sale anchor
$2.87M
Nov 3 2021
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
$217 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$26,301
Tax year 2022
Assessed value
$514,734
Assessed 2024
Previous assessed
$452,183
+13.8% YoY
Effective rate
5.11%
On assessed value
Land market value
$1,310,100
Improvement market value
$1,809,500
Total market value
$3,119,600
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1991
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
13,733 SF
Lot
1.13 ac (49,216 SF)
Zoning code
I-1
APN
215-56-180
UPID
US07-0881203
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.2M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE 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
1991
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
9th Venture LLC
Entity
Free & Clear · 4 yrs held
Mailing address
7302 E HELM DR STE #2002, SCOTTSDALE, AZ 85260-3126
Ownership since
2021
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
Nov 3, 2021
$2,867,340
9th Venture LLC
Standori 5 LLC
Special Warranty Deed
—
Nov 3, 2021
—
Wendy Jones Murphy
Richard A Jones
Correction Deed
related
—
May 8, 2018
—
Standori 5 LLC
Wendy Jones Murphy
Re-recorded Document
related
—
Apr 12, 2018
—
Standori 5 LLC
Wendy Jones Murphy
Quit Claim Deed
related
—
Feb 23, 2017
—
Doris M Jones
Jones,stanley T
Affidavit Of Death
related
—
Jul 25, 2013
—
Standori 5 LLC
Murphy,wendy J
Quit Claim Deed
related
—
Dec 13, 2012
—
Wendy J Murphy
Jones,stanley T & Doris M
Quit Claim Deed
related
—
Jan 31, 1991
$257,000
Jones Trustees S
Sentinel Fed Sav
Grant Deed
—
Feb 9, 1989
—
Sentinel Savings
Unknown
Grant Deed
related
—
Jun 23, 1987
$445,000
Robert Jo Marrs
Key W
Grant Deed
—
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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