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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Showrooms
8241 Evans Rd Scottsdale, AZ 85260-3650
Entity Owned
5-yr Hold
Free & Clear
Property ID
US07-0678407
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1996
Construction
CONCRETE
Total area
9,880 SF
Lot
0.6 ac (26,093 SF)
Zoning code
I-G
APN
215-54-084
UPID
US07-0678407
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
-
Karr Auto Glass LLC Auto Repair Shop (Bike/Boat/Book/etc) Store
-
NAPA Auto Parts Auto Parts Store
-
Impact Marketing Advertising Agency Marketing & Advertising
-
Capitol Communications, Inc. Professional Services Telecommunications
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$675k
Owner & transaction history
Harry Lemon LLC · 5 yrs held
Harry Lemon LLC
since 2021
7 recorded transactions
Zoning & alternative use
I-G · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
m 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 Employment (I-G) • Minimum 25-foot wide landscape buffer in the side and rear yards, and a minimum six-foot high masonry wall or approved landscape scre…
Zone name
Light Employment
General category
INDUSTRIAL
Zone area
27.08 ac
Top alternative use upside
Restaurant
$7.1M
+46.6%
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
COMMERCIAL (GENERAL)
$4,830,000
Current use
RESTAURANT
$7,085,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$4,550,000
Change: -6% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,070,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$68 / 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
$16,496
Tax year 2023
Assessed value
$364,056
Assessed 2024
Previous assessed
$326,145
+11.6% YoY
Effective rate
4.53%
On assessed value
Land market value
$702,100
Improvement market value
$1,504,300
Total market value
$2,206,400
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1996
Construction
CONCRETE
Heating
PACKAGE
Cooling
EVAPORATIVE
Stories
1
Total area
9,880 SF
Lot
0.6 ac (26,093 SF)
Zoning code
I-G
APN
215-54-084
UPID
US07-0678407
Jurisdiction
MARICOPA
Zoning & alternative use
I-G · Scottsdale, AZZoning 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
Zoning description
m 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 Employment (I-G) • Minimum 25-foot wide landscape buffer in the side and rear yards, and a minimum six-foot high masonry wall or approved landscape screen abutting a Single-family Residential District. • Minimum 15-foot wide landscape
Zone name
Light Employment
General category
INDUSTRIAL
Zone area
27.08 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.8M
RESTAURANT
Est. value
$7.1M
RETAIL STORES
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
1996
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Harry Lemon LLC
Entity
Free & Clear · 5 yrs held
Mailing address
8241 E EVANS RD, SCOTTSDALE, AZ 85260-3650
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2021
—
Harry Lemon LLC
Cabot N Ashwill
Warranty Deed
—
Sep 17, 2018
$3,100,000
Cabot N Ashwill
8241 Evans Gelding LLC
Warranty Deed
$2,030,000 · Metro Phoenix Bank
Nov 20, 2006
—
8241 Evans Gelding LLC
Transwest Financial LLC
Quit Claim Deed
related
—
Aug 4, 2006
—
8241 Evans Gelding LLC
Transwest Financial LLC
Quit Claim Deed
related
—
May 24, 2005
$2,125,000
Transwest Financial LLC
E & H Smith
Grant Deed
—
Oct 3, 1996
$90,000
Elson,roy B & Jane A
Edwin W Graber
Trustees Deed
—
Oct 3, 1996
$1,450,000
E & H Smith L P
Roy B & Jane A Elson
Trustees Deed
—
Feb 23, 1996
—
Roy B Elson
Elson-graber Partnership
Quit Claim Deed
related
$90,000 · Seller
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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