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Property profile & analytics
OFF-MARKET
Estimated value
$10,565,000
Warehouses
7881 Gray Rd Scottsdale, AZ 85260-3461
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-1193233
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Construction
CONCRETE
Total area
32,492 SF
Lot
3.02 ac (131,555 SF)
Zoning code
I-1
APN
215-56-208
UPID
US07-1193233
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
-
DLS Precision Fab Llc Industrial Manufacturer
-
Gaspircan Inc Garden Center
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Lotus Scottsdale Car Dealership
-
Koenigsegg Scottsdale Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.49M
Comparable Approach
Comparable
$9.78M
Blend (final)
Blend
$10.57M
Owner & transaction history
Bison LLC · 2 yrs held
Bison LLC
since 2024
Last sale
$12.0M
7 recorded transactions
Zoning & alternative use
I-1 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
nd rear yards, and a minimum six-foot high masonry wall or approved landscape screen on the side and rear property lines abutting any Residential District or an alley adjacent to a Residential District. Industrial Park (I-1) • Minimum 30-foot landscape buffer in the side and rear yards, and a minimum six-foot high masonry block wall or approved landscape scr…
Zone name
Industrial Park
General category
INDUSTRIAL
Zone area
1,365.54 ac
Top alternative use upside
Commercial (general)
$15.9M
+218.0%
Retail stores
$15.0M
+199.5%
Auto repair, garage
$13.4M
+167.9%
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%
$9,190,000
6.5%
$8,485,000
7%
$7,875,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$15,890,000
Change: +218% · Conversion: Difficult
RETAIL STORES
$14,965,000
Change: +199% · Conversion: Moderate
AUTO REPAIR, GARAGE
$13,390,000
Change: +168% · Conversion: Easy
MEDICAL BUILDING
$11,350,000
Change: +127% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,030,000
Change: +41% · Conversion: Moderate
Blend value · Realmo final
$10.57M
Range $9.51M – $11.62M · ±10% · vs last sale $12.00M (Apr 23 2024)
Last sale anchor
$12.00M
Apr 23 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
$325 / 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
$66,585
Tax year 2023
Assessed value
$1,249,578
Assessed 2024
Previous assessed
$1,164,517
+7.3% YoY
Effective rate
5.33%
On assessed value
Land market value
$3,444,200
Improvement market value
$4,129,000
Total market value
$7,573,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
32,492 SF
Lot
3.02 ac (131,555 SF)
Zoning code
I-1
APN
215-56-208
UPID
US07-1193233
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Scottsdale, AZZoning 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
Zoning description
nd rear yards, and a minimum six-foot high masonry wall or approved landscape screen on the side and rear property lines abutting any Residential District or an alley adjacent to a Residential District. Industrial Park (I-1) • Minimum 30-foot landscape buffer in the side and rear yards, and a minimum six-foot high masonry block wall or approved landscape screen on the side and rear property lines abutting any Residential District. Light Em
Zone name
Industrial Park
General category
INDUSTRIAL
Zone area
1,365.54 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$15.9M
RETAIL STORES
Est. value
$15.0M
AUTO REPAIR, GARAGE
Est. value
$13.4M
MEDICAL BUILDING
Est. value
$11.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.0M
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
3.02 ac
Current owner
From public records · entity-resolved
Bison LLC
Entity
Mailing address
1800 LUCENT CT, HIGHLANDS RANCH, CO 80129-1904
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2024
$12,000,000
Bison LLC
Azmw Properties LLC
Special Warranty Deed
—
Apr 28, 2021
$5,500,000
Azmw Properties LLC
B A Elk Grove LLC
Special Warranty Deed
$6,800,000 · Firstbank
Dec 16, 2014
$3,550,000
B A Elk Grove LLC
7881 E Gray Rd LLC
Special Warranty Deed
$2,200,000 · Umb Bank NA
Jan 13, 2012
$3,000,000
7881 E Gray Rd LLC
Gray Road Properties LLC
Grant Deed
$2,350,000 · Umb Bank Arizona NA
Apr 7, 1999
—
Gray Road Properties LLC
Monoghan Co LLC
Grant Deed
related
—
Mar 23, 1999
$489,000
Monaghan Co LLC
Colonial Trust Co
Grant Deed
—
Jun 14, 1993
—
Michael,j Monaghan Trust
Monaghan Trust
Quit Claim Deed
related
—
Jan 29, 1988
$3,700,000
Michael J Monagh
K-tro
Grant Deed
—
—
—
Camelback Trust Co
—
Deed Of Trust
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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