New search
Property profile & analytics
OFF-MARKET
Estimated value
$59,645,000
Office buildings
8605 Raintree Dr Ste 200, Scottsdale, AZ 85260-3163
Entity Owned
Absentee Owner
Free & Clear
Property ID
US07-1261966
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2020
Total area
179,360 SF
Lot
5.12 ac (223,222 SF)
Zoning code
I-1
APN
215-53-103B
UPID
US07-1261966
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$48.92M
Blend (final)
Blend
$59.65M
Owner & transaction history
Axis Raintree LLC
Axis Raintree LLC
since 2025
Last sale
$70.7M
2 recorded transactions
Zoning & alternative use
I-1 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$87.7M
+203.9%
Retail stores
$82.6M
+186.2%
Auto repair, garage
$73.9M
+156.0%
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)
$87,710,000
Change: +204% · Conversion: Easy
RETAIL STORES
$82,605,000
Change: +186% · Conversion: Moderate
AUTO REPAIR, GARAGE
$73,905,000
Change: +156% · Conversion: Difficult
MEDICAL BUILDING
$62,665,000
Change: +117% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$38,815,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$59.65M
Range $53.68M – $65.61M · ±10% · vs last sale $70.71M (Oct 24 2025)
Last sale anchor
$70.71M
Oct 24 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
$333 / 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
$593,237
Tax year 2023
Assessed value
$10,383,022
Assessed 2024
Previous assessed
$7,949,183
+30.6% YoY
Effective rate
5.71%
On assessed value
Land market value
$6,729,400
Improvement market value
$56,198,006
Total market value
$62,927,406
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
Off-Market
Year built
2020
Heating
NONE
Buildings
2
Stories
3
Total area
179,360 SF
Lot
5.12 ac (223,222 SF)
Zoning code
I-1
APN
215-53-103B
UPID
US07-1261966
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
COMMERCIAL (GENERAL)
Est. value
$87.7M
RETAIL STORES
Est. value
$82.6M
AUTO REPAIR, GARAGE
Est. value
$73.9M
MEDICAL BUILDING
Est. value
$62.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$38.8M
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
2020
Heating
NONE
Stories
3
Buildings
2
Lot
5.12 ac
Current owner
From public records · entity-resolved
Axis Raintree LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2231 E CAMELBACK RD STE #102, PHOENIX, AZ 85016-3437
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2025
$70,710,891
Axis Raintree LLC
Pr III Crow Raintree Office LLC
Deed
—
Oct 7, 2024
—
Loren Leigh Doheny
—
Deed
related
$1,062,500 · William H Doheny Trust
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 8605 Raintree Dr Ste, Unit 200?
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.
