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Property profile & analytics
OFF-MARKET
Estimated value
$34,585,000
Grocery and convenience stores
8003 Indian School Rd, Scottsdale, AZ 85251
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US07-0065544
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2004
Construction
CONCRETE
Total area
48,618 SF
Lot
6.02 ac (262,343 SF)
Zoning code
C-1
APN
130-45-135F
UPID
US07-0065544
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$35.68M
Blend (final)
Blend
$34.59M
Owner & transaction history
919 Hillsdale LLC · 11 yrs held
919 Hillsdale LLC
since 2014
4 recorded transactions
Zoning & alternative use
C-1 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$34.9M
+19.9%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$29,060,000
Current use
RESTAURANT
$34,850,000
Change: +20% · Conversion: Easy
COMMERCIAL (GENERAL)
$23,775,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$34.59M
Range $31.13M – $38.04M · ±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
$711 / 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
$156,568
Tax year 2023
Assessed value
$2,912,506
Assessed 2024
Previous assessed
$2,943,499
-1.1% YoY
Effective rate
5.38%
On assessed value
Land market value
$9,336,400
Improvement market value
$8,315,150
Total market value
$17,651,550
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
48,618 SF
Lot
6.02 ac (262,343 SF)
Zoning code
C-1
APN
130-45-135F
UPID
US07-0065544
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Scottsdale, AZ
Zoning C-1 · permitted uses
C-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
RETAIL STORES Current
Est. value
$29.1M
RESTAURANT
Est. value
$34.9M
COMMERCIAL (GENERAL)
Est. value
$23.8M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
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
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
6.02 ac
Current owner
From public records · entity-resolved
919 Hillsdale LLC
Entity
Mailing address
5110 N 40TH ST STE #238, PHOENIX, AZ 85018-2151
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2014
$14,046,000
919 Hillsdale LLC
Hayden Crossing Shopping C
Grant Deed
—
Oct 31, 2005
$13,000,000
Hayden Crossing Shopping Cente
J & R Holdings Ix LLC
Grant Deed
—
Feb 19, 2004
$3,000,000
J & R Holdings Ix LLC
Bashas INC
Grant Deed
related
$9,100,000 · Bank One NA
—
—
J & R Holdings Ix LLC
—
Deed Of Trust
related
$9,400,000 · Allianz Life Insurance Co N Am
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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