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Property profile & analytics
OFF-MARKET
Estimated value
$2,635,000
Grocery and convenience stores
8350 Mcdowell Rd, Scottsdale, AZ 85257-3814
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-3144409
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1997
Construction
CONCRETE
Total area
3,768 SF
Lot
0.92 ac (40,000 SF)
Zoning code
C-S
APN
131-40-105N
UPID
US07-3144409
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
-
Millennium Coatings – Epoxy Flooring Corporate Office
-
Bitstop Bitcoin ATM Crypto Atm Atm
-
Athena Bitcoin ATM Crypto Atm Atm
-
ampm Grocery & Convenience Store
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.66M
Blend (final)
Blend
$2.64M
Owner & transaction history
Akamai Re Investments LLC · 6 yrs held
Akamai Re Investments LLC
since 2020
7 recorded transactions
Zoning & alternative use
C-S · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+126.0%
Retail stores
$1.7M
+112.8%
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
COMMERCIAL (GENERAL)
$1,845,000
Change: +126% · Conversion: Easy
RETAIL STORES
$1,735,000
Change: +113% · Conversion: Easy
Blend value · Realmo final
$2.64M
Range $2.37M – $2.90M · ±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
$699 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$12,765
Tax year 2022
Assessed value
$289,768
Assessed 2024
Previous assessed
$267,376
+8.4% YoY
Effective rate
4.41%
On assessed value
Land market value
$1,320,000
Improvement market value
$436,171
Total market value
$1,756,171
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Total area
3,768 SF
Lot
0.92 ac (40,000 SF)
Zoning code
C-S
APN
131-40-105N
UPID
US07-3144409
Jurisdiction
MARICOPA
Zoning & alternative use
C-S · Scottsdale, AZ
Zoning C-S · permitted uses
C-S · 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
$1.8M
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL)
RETAIL STORES
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
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.92 ac
Current owner
From public records · entity-resolved
Akamai Re Investments LLC
Entity
Mailing address
530 GALAXY WAY, MODESTO, CA 95356-8890
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2020
—
Akamai Re Investments LLC
John L Hanks
Grant Deed
—
Mar 15, 2019
$2,416,666
Greg Avery INC
Mcreef LLC
Grant Deed
—
Nov 8, 2018
$1,300,000
Mcreef LLC
Mangat Properties LLC
Warranty Deed
$1,250,000 · Joseph R Vellutini
Aug 25, 2016
—
Mangat Properties LLC
—
Deed
related
$915,000 · Western Alliance Bank
Aug 23, 2016
$1,100,000
Mangat Properties LLC
Hema LLC
Special Warranty Deed
$915,000 · Western Alliance Bank
Mar 27, 2008
$950,000
Hema LLC
Bp West Coast Products LLC
Grant Deed
$1,133,600 · Citicorp Leasing INC
Feb 3, 1997
$500,000
Atlantic Richfield Co
Saint Co
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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