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Property profile & analytics
OFF-MARKET
Estimated value
$2,695,000
Flex space
8221 Gelding Dr, Scottsdale, AZ 85260-3619
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0031771
Property summary
AI-generated overview
This exceptional 9,279-square-foot industrial building, situated in the desirable Scottsdale Airpark submarket at 8221 E Gelding Dr, Scottsdale, AZ 85260 (APN 215-54-101), presents a compelling investment opportunity. Built in 1987 and renovated in 2017, this single-story Class B property boasts a 14-foot ceiling height and features a blend of flex, warehouse, and R&D space, making it suitable for a variety of business uses. The property includes one loading dock, one drive-in overhead door, and a private yard. The building is fully air-conditioned and includes built-out offices. The expansive 38,480-square-foot lot is zoned I-G. The asking price is $3,500,000, translating to $377.20 per square foot. Attractive seller financing is available, making this an exceptional opportunity for owner-users seeking a strategic investment in a prime location. This property offers a unique combination of functionality, location, and financing options, making it an ideal choice for discerning buyers. The property is located in Maricopa County. A potential paint booth is also a feature of this property.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1986
Construction
CONCRETE
Total area
9,279 SF
Lot
0.88 ac (38,480 SF)
Zoning code
I-G
APN
215-54-101
UPID
US07-0031771
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
-
Kroy Sign Systems (Bike/Boat/Book/etc) Store Printing Service
-
Eco Air Solutions of Arizona Inc HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$2.70M
Owner & transaction history
M And K Holdings Group LLC · 1 yrs held
M And K Holdings Group LLC
since 2024
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
I-G · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.3M
+241.1%
Auto repair, garage
$3.8M
+205.2%
Medical building
$3.2M
+158.8%
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
$4,275,000
Change: +241% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,825,000
Change: +205% · Conversion: Easy
MEDICAL BUILDING
$3,240,000
Change: +159% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,010,000
Change: +60% · Conversion: Difficult
Blend value · Realmo final
$2.70M
Range $2.43M – $2.96M · ±10% · vs last sale $3.28M (Aug 18 2024)
Last sale anchor
$3.28M
Aug 18 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
$290 / 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
$19,933
Tax year 2023
Assessed value
$366,696
Assessed 2024
Previous assessed
$331,449
+10.6% YoY
Effective rate
5.44%
On assessed value
Land market value
$1,028,600
Improvement market value
$1,193,800
Total market value
$2,222,400
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
9,279 SF
Lot
0.88 ac (38,480 SF)
Zoning code
I-G
APN
215-54-101
UPID
US07-0031771
Jurisdiction
MARICOPA
Zoning & alternative use
I-G · Scottsdale, AZ
Zoning I-G · permitted uses
I-G · 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
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
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
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
M And K Holdings Group LLC
Entity
Mailing address
8221 E GELDING DR, SCOTTSDALE, AZ 85260-3619
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2024
$3,275,000
M And K Holdings Group LLC
Pegesus Property Holdings LLC
Special Warranty Deed
$1,875,000 · Pegesus Property Holdings LLC
May 17, 2017
—
Pegesus Property Holdings LLC
—
Deed
related
$793,000 · Wells Fargo Bk
Mar 27, 2017
—
Pegesus Property Holdings LLC
Gelding Building LLC
Warranty Deed
$633,000
Sep 16, 2016
$1,200,000
Gelding Building LLC
Carrco LLC
Warranty Deed
$900,000 · Metro Phoenix Bank
Jan 29, 2007
—
Carrco LLC
Carr,richard L & Nancy L
Quit Claim Deed
related
$1,262,500 · Ironstone Bank
Nov 17, 2003
$1,200,000
Richard L Carr
Fedrizzi,tr
Grant Deed
$400,000 · Zions First National Bank
Apr 11, 1997
—
John J Fedrizzi
John J Fedrizzi
Quit Claim Deed
related
—
—
—
John J Fedrizzi
—
Deed Of Trust
related
$425,000 · Founders Bank Of Arizona
—
—
Pegesus Property Holdings LLC
—
Deed Of Trust
related
$793,000 · Wells Fargo Bk
—
—
John J Fedrizzi
—
Deed Of Trust
related
$380,000 · Founders Bank Of Arizona
—
—
Fedrizzi Trust
—
Deed Of Trust
related
$150,000 · Founders Bank Of Arizona
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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