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Property profile & analytics
FOR LEASE
Office buildings
8322 E Hartford Dr, Scottsdale, AZ 85255
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-1048546
For Lease
1 / 2
$31 SF/Yr
8322 E Hartford Dr, Scottsdale, AZ 85255
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
STEEL FRAME
Total area
21,064 SF
Lot
0.03 ac (1,137 SF)
Zoning code
I-1
APN
215-07-226
UPID
US07-1048546
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
-
Recovia Medical Clinic
-
EVAN ESPINOSA Physician Medical Clinic
-
LINA IBARRA-FIGUEROA Physician
-
SCOTT ANDREW HAVENS Pediatrician Physician
-
Sunrise Native Recovery Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.47M
Comparable Approach
Comparable
$6.37M
Blend (final)
Blend
$6.56M
Owner & transaction history
Tb Elara LLC · 1 yrs held
Tb Elara LLC
since 2025
Last sale
$6.8M
7 recorded transactions
Zoning & alternative use
I-1 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.3M
+142.8%
Retail stores
$9.7M
+128.7%
Auto repair, garage
$8.7M
+104.6%
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%
$5,930,000
6.5%
$5,470,000
7%
$5,080,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,245,000
Current use
COMMERCIAL (GENERAL)
$10,300,000
Change: +143% · Conversion: Easy
RETAIL STORES
$9,700,000
Change: +129% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,680,000
Change: +105% · Conversion: Difficult
MEDICAL BUILDING
$7,360,000
Change: +73% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,560,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$6.56M
Range $5.90M – $7.22M · ±10% · vs last sale $6.75M (May 23 2025)
Last sale anchor
$6.75M
May 23 2025
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
$311 / 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
$43,709
Tax year 2023
Assessed value
$899,630
Assessed 2024
Previous assessed
$899,630
+0.0% YoY
Effective rate
4.86%
On assessed value
Land market value
$1,090,400
Improvement market value
$4,361,900
Total market value
$5,452,300
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2001
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
2
Total area
21,064 SF
Lot
0.03 ac (1,137 SF)
Zoning code
I-1
APN
215-07-226
UPID
US07-1048546
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Scottsdale, AZ
Zoning I-1 · permitted uses
I-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
OFFICE BUILDING Current
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$10.3M
RETAIL STORES
Est. value
$9.7M
AUTO REPAIR, GARAGE
Est. value
$8.7M
MEDICAL BUILDING
Est. value
$7.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
2001
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
Tb Elara LLC
Entity
Mailing address
10910 N TATUM BLVDB100, PHOENIX, AZ 85028-3080
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2025
—
Tb Elara LLC
Tb Elara PLLC
Deed
related
$4,597,000 · Zb NA
Apr 16, 2024
$6,750,000
Tb Elara PLLC
Cedar Tree Properties LLC
Special Warranty Deed
$5,400,000 · Zb NA
Jun 9, 2022
$6,500,000
Cedar Tree Properties LLC
Heritage Partners Phoenix LLC
Special Warranty Deed
$4,325,000 · American Savings Life Insurance Co
Feb 28, 2017
$6,600,000
Heritage Partners Phoenix LLC
Next Gen Hartford LLC
Grant Deed
$2,100,000 · Miscellaneous Ins Co
Jan 1, 2015
$3,932,500
Next Gen Hartford LLC
Cre Ventures Xix LLC
Grant Deed
—
Dec 31, 2014
$3,932,500
Next Gen Hartford LLC
Cre Ventures Xix LLC
Grant Deed
$3,060,000 · Bankers Tr
May 30, 2013
$3,450,000
Cre Ventures Xix LLC
8322 Hartford Drive Assocs
Grant Deed
$2,200,000 · American Savings Life Ins
—
—
8322 Hartford Drive Assocs LLC
—
Deed Of Trust
related
$1,000,000 · M & I Marshall & Isley Bank
—
—
8322 East Hartford Drive Assoc
—
Deed Of Trust
related
$1,000,000 · M & I Marshall & Isley Bank
—
—
8322 Hartford Drive Assocs LLC
—
Deed Of Trust
related
$1,000,000 · M & I Marshall & Isley Bank
—
—
8322 Hartford Drive Assocs LLC
—
Deed Of Trust
related
$4,912,500 · 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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