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Property profile & analytics
OFF-MARKET
Estimated value
$2,965,000
Industrial properties
8101 Mcdowell Rd Scottsdale, AZ 85257-3877
Entity Owned
1-yr Hold
Free & Clear
Property ID
US07-2335762
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
2003
Construction
CONCRETE
Total area
8,770 SF
Lot
1.16 ac (50,624 SF)
Zoning code
C-3
APN
131-09-002P
UPID
US07-2335762
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
-
Phoenix Marketing Associates Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.87M
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$2.97M
Owner & transaction history
Pelican Rentals LLC · 1 yrs held
Pelican Rentals LLC
since 2025
Last sale
$4.1M
4 recorded transactions
Zoning & alternative use
C-3 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.3M
+269.1%
Retail stores
$4.0M
+247.6%
Auto repair, garage
$3.6M
+211.0%
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
$3,595,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,020,000
6.5%
$1,865,000
7%
$1,735,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,290,000
Change: +269% · Conversion: Difficult
RETAIL STORES
$4,040,000
Change: +248% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,615,000
Change: +211% · Conversion: Easy
MEDICAL BUILDING
$3,065,000
Change: +164% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,900,000
Change: +63% · Conversion: Difficult
OFFICE BUILDING
$1,790,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$2.97M
Range $2.67M – $3.26M · ±10% · vs last sale $4.07M (Dec 8 2023)
Last sale anchor
$4.07M
Dec 8 2023
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
$338 / 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
$21,484
Tax year 2023
Assessed value
$498,910
Assessed 2024
Previous assessed
$404,736
+23.3% YoY
Effective rate
4.31%
On assessed value
Land market value
$1,239,900
Improvement market value
$1,783,797
Total market value
$3,023,697
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
8,770 SF
Lot
1.16 ac (50,624 SF)
Zoning code
C-3
APN
131-09-002P
UPID
US07-2335762
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Scottsdale, AZ
Zoning C-3 · permitted uses
C-3 · 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
COMMERCIAL (GENERAL)
Est. value
$4.3M
RETAIL STORES
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
Pelican Rentals LLC
Entity
Free & Clear · 1 yrs held
Mailing address
125 S KING ST, JACKSON, WY 83001-8124
Ownership since
2025
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
May 14, 2025
$4,758,000
Pelican Rentals LLC
8101 Emcd LLC
Special Warranty Deed
—
Dec 18, 2023
—
Gen2 Arizona Properties LLC
Primos Development LLC
Quitclaim Deed
related
—
Dec 8, 2023
$4,070,000
8101 Emcd LLC
Primos Development LLC
Special Warranty Deed
$3,052,500 · Bank Of America NA
Dec 1, 2017
$2,200,000
Primos Development LLC
Republic West Real Estate Holdings
Special Warranty Deed
$1,430,000 · First Fidelity 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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