New search
Property profile & analytics
OFF-MARKET
Estimated value
$24,315,000
Medical Office Space
8575 Princess Dr, Scottsdale, AZ 85255-5483
Entity Owned
4-yr Hold
Free & Clear
Property ID
US07-0581356
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
CONCRETE
Total area
37,640 SF
Lot
5.7 ac (248,194 SF)
Zoning code
I-1
APN
215-07-231
UPID
US07-0581356
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
-
Princess Center Dentistry Dental Office
-
Preferred Family Clinic Medical Clinic
-
Laser Nail Therapy- Largest Toenail Fungus Treatment Center Medical Clinic
-
Arizona Institute of Motion - Orthopedic Surgeon Medical Clinic
-
Skantharoopan T MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.16M
Blend (final)
Blend
$24.32M
Owner & transaction history
Tzr Investments LLC · 4 yrs held
Tzr Investments LLC
since 2022
Last sale
$25.1M
4 recorded transactions
Zoning & alternative use
I-1 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$27.0M
+105.2%
Commercial (general)
$18.4M
+40.0%
Retail stores
$17.3M
+31.8%
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
$27,070,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$26,985,000
Change: +105% · Conversion: Difficult
COMMERCIAL (GENERAL)
$18,405,000
Change: +40% · Conversion: Easy
RETAIL STORES
$17,335,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,510,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$24.32M
Range $21.88M – $26.75M · ±10% · vs last sale $25.10M (Jan 26 2022)
Last sale anchor
$25.10M
Jan 26 2022
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
$646 / 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
$222,448
Tax year 2023
Assessed value
$3,516,530
Assessed 2024
Previous assessed
$3,447,005
+2.0% YoY
Effective rate
6.33%
On assessed value
Land market value
$7,104,600
Improvement market value
$14,207,701
Total market value
$21,312,301
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
2
Units
2
Total area
37,640 SF
Lot
5.7 ac (248,194 SF)
Zoning code
I-1
APN
215-07-231
UPID
US07-0581356
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
RESTAURANT
Est. value
$27.0M
COMMERCIAL (GENERAL)
Est. value
$18.4M
RETAIL STORES
Est. value
$17.3M
AUTO REPAIR, GARAGE
Est. value
$15.5M
RESTAURANT
COMMERCIAL (GENERAL)
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
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Units
2
Lot
5.7 ac
Current owner
From public records · entity-resolved
Tzr Investments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
802 N 3RD AVE, PHOENIX, AZ 85003-1409
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2022
—
Tzr Investments LLC
Chp Princess Medical LLC
Special Warranty Deed
—
Jan 26, 2022
$25,100,000
Aww Princess Mob Owner LLC
Chp Princess Medical LLC
Special Warranty Deed
$150,000,000 · Capital One Bank NA
Apr 12, 2016
$16,000,000
Chp Princess Medical LLC
Princess Medical Center LLC
Special Warranty Deed
$12,700,000 · Healthcare Financial Solutions LLC
Apr 11, 2006
—
Princess Medical Center LLC
Owner Name Unavailable
Grant Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8575 Princess Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
