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Property profile & analytics
OFF-MARKET
Estimated value
$7,115,000
Strip malls
8010 Mcdowell Rd Scottsdale, AZ 85257-3867
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-3338045
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
CONCRETE
Total area
24,206 SF
Lot
3.19 ac (138,842 SF)
Zoning code
PNC
APN
131-04-087J
UPID
US07-3338045
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
-
Shanti Sound Gym & Fitness Center Alternative Medicine Practice
-
Rosenstein Law Group Law Firm
-
Guild Care Group LLC Corporate Office
-
Stone Rose Law Law Firm
-
Cheryl Mackie Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.13M
Comparable Approach
Comparable
$6.54M
Blend (final)
Blend
$7.12M
Owner & transaction history
Hoh Mcdowell LLC · 5 yrs held
Hoh Mcdowell LLC
since 2021
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
PNC · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.8M
+126.0%
Retail stores
$11.2M
+112.8%
Auto repair, garage
$10.0M
+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
$4,890,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,805,000
6.5%
$8,130,000
7%
$7,545,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,240,000
Current use
COMMERCIAL (GENERAL)
$11,835,000
Change: +126% · Conversion: Easy
RETAIL STORES
$11,150,000
Change: +113% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,975,000
Change: +90% · Conversion: Difficult
MEDICAL BUILDING
$8,455,000
Change: +61% · Conversion: Difficult
OFFICE BUILDING
$4,935,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$7.12M
Range $6.40M – $7.83M · ±10% · vs last sale $7.50M (Jun 22 2021)
Last sale anchor
$7.50M
Jun 22 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
$294 / 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
$62,950
Tax year 2023
Assessed value
$1,203,383
Assessed 2024
Previous assessed
$1,596,589
-24.6% YoY
Effective rate
5.23%
On assessed value
Land market value
$2,590,997
Improvement market value
$4,702,236
Total market value
$7,293,233
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
3
Stories
2
Units
3
Total area
24,206 SF
Lot
3.19 ac (138,842 SF)
Zoning code
PNC
APN
131-04-087J
UPID
US07-3338045
Jurisdiction
MARICOPA
Zoning & alternative use
PNC · Scottsdale, AZ
Zoning PNC · permitted uses
PNC · 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
$5.2M
COMMERCIAL (GENERAL)
Est. value
$11.8M
RETAIL STORES
Est. value
$11.2M
AUTO REPAIR, GARAGE
Est. value
$10.0M
MEDICAL BUILDING
Est. value
$8.5M
OFFICE BUILDING
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
3
Units
3
Lot
3.19 ac
Current owner
From public records · entity-resolved
Hoh Mcdowell LLC
Entity
Mailing address
11811 N TATUM BLVD STE #1051, PHOENIX, AZ 85028-1654
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2021
$7,500,000
Hoh Mcdowell LLC
8010 E Mcdowell LLC
Special Warranty Deed
$5,375,000 · Metro Phoenix Bank
Sep 18, 2017
$5,894,000
8010 E Mcdowell LLC
Sss-scottsdale LLC
Trustees Deed
$3,200,000 · Washington Fed'l Svgs
Jul 30, 2007
—
Sss-scottsdale LLC
Owner Name Unavailable
Grant Deed
$5,625,000 · Key Bank & Trust
May 24, 2004
$4,720,000
Town Lake Enterprises LLC
Sts Investments L C
Grant Deed
related
—
May 21, 2004
$5,090,000
Town Lake Ents LLC
Sts Investments Lc
Grant Deed
related
$500,000 · Sherman Harlan E Trust (tr)
May 21, 2004
—
Town Lake Ents LLC
Sts Investments Lc
Grant Deed
related
—
Feb 13, 2003
$4,350,000
Sts Investments Lc
8010 Scottsdale LLC
Grant Deed
related
$2,800,000 · Ids Life Insurance Co
Feb 13, 2003
$200,000
Sts Investments Lc
Columbia Group Ltd
Grant Deed
related
—
Apr 17, 1998
—
Scottsdale LLC
Columbia Group Ltd
Grant Deed
related
—
Jul 7, 1997
$3,000,000
Columbia Group Ltd
Pacific Exchange Corp
Grant Deed
related
—
Dec 17, 1996
$3,000,000
Pacific American Property Exchan
Double Investments INC
Trustees Deed
related
$2,952,762 · Lloyds Mortgage Corp
Dec 17, 1996
—
Double C Land Investments INC
Brentwood Mortgage Group
Trustees Deed
related
—
Feb 8, 1995
$890,000
Brentwood Mortgage Group
Ng
Grant Deed
related
$890,000 · Seller
Oct 4, 1993
$1,000,000
Thien K Ng
Howell Real Esta
Grant Deed
related
$400,000 · Guardian Bank
Nov 3, 1989
—
Real Esta Howell
Desert Sun Real
Grant Deed
related
—
Sep 28, 1989
—
Sun Real Desert
—
Deed Of Trust
related
—
Jun 15, 1987
—
Chase Bank Of Ar
—
Deed Of Trust
related
—
—
—
Town Lake Enterprises LLC
—
Deed Of Trust
related
$5,500,000 · M & I Marshall & Isley Bank
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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