Property profile

8331 Monterey Way Scottsdale, AZ 85251

OFF-MARKET
Assisted living facilities
Property ID
US07-2317570
2,456 SF 0.2 ac lot Built 1962
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1962
Construction CONCRETE BLOCKS
Total area 2,456 SF
Lot 0.2 ac (8,820 SF)
Zoning code R1-7
APN 130-36-095
UPID US07-2317570

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8331 Monterey Way Scottsdale, AZ 85251-5937
Scottsdale metro Census 217700 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$958k
Blend (final) Blend
$960k

Owner & transaction history

since 2024
7 recorded transactions
2024
Price N/A
2022
Price N/A
2019
Price N/A
2019
$455,000
2005
$420,000
2000
$181,650
1998
Price N/A

Zoning & alternative use

R1-7 · Scottsdale, AZ
Zoning description

The R1-7 district is intended to promote and preserve urban single-family residential development. Lot size permits the highest density of population attainable in a single-family residential district. The principal land…

General category RESIDENTIAL
Top alternative use upside
Retail stores $1.5M +90.4%
Commercial (general) $1.2M +55.7%
Auto repair, garage $1.0M +31.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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