Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8670 Shea Blvd Ste, Unit 101 Scottsdale, AZ 85260-6656
    Back to Search
    Property profile & analytics

    8670 Shea Blvd Ste, Unit 101, Scottsdale, AZ 85260-6656

    View on Map
    • Strip malls
    • 8,700 SF
    • 1.24 lot acres
    Off-Market
    Last Sale Jan 15, 2020
    $42,600
    Property ID
    US07-0077843
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,700,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 8670 Shea Blvd Ste

    Year built
    1998
    Construction
    CONCRETE
    Lot size
    1.24 lot acres
    Zone code
    C-3
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    175-29-008J
    APU
    17529008J

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 15, 2020 $1,022,400 Scottsdale Spine & Sports Ctr Milne William J Living Trust Grant Deed —
    Jan 15, 2020 $42,600 Scottsdale Spine & Sports Ctr Big Slick Holdings LLC Grant Deed —
    Jan 15, 2020 $355,000 Scottsdale Spine Werner Family Trust Grant Deed —
    Jan 15, 2020 — Milne,william J Living Trust Pima Crossing Annex LLC Grant Deed · related —
    Sep 3, 2010 $609,000 Pima Crossing Annex LLC Merrill Lynch Trust 2007-c1 Grant Deed —
    Apr 8, 2010 $1,250,000 Merrill Lynch Mtg Trust 2007-c1 Security Title Agency INC Trustees Deed · related —
    May 24, 2007 $2,295,000 One Pima In A Pod LLC Kesner Roy C & J B Trust Grant Deed $1.8M · Lasalle National Bank
    Dec 18, 1996 $365,000 Holdings L L C Aina Pima Crossing L P Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,834,000
      Market price range: $324k - $3.46M
      AI Estimate
      $2,564,000
      Market price range: $223k - $3.37M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,885,000
      Current use
      COMMERCIAL (GENERAL)
      $4,255,000
      Change: +126% Conversion: Easy
      RETAIL STORES
      $4,005,000
      Change: +113% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,585,000
      Change: +90% Conversion: Difficult
      MEDICAL BUILDING
      $3,040,000
      Change: +61% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.892
    Latitude
    33.5853
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $18,042
    $0.00
    $0.00
    $521,879
    -
    $2,041,600
    $1,121,300
    $3,162,900

    Comparable in this City

    • Value Estimation
      $2,555,000
      10,450 SF

      14858 Frank Lloyd Wright Blvd

      SHOPPING CENTER, STRIP CENTER
      14858 Frank Lloyd Wright Blvd, Scottsdale, AZ 85260-2216
      View Details
    • Value Estimation
      $16,030,000
      44,325 SF

      7386 Shea Blvd

      SHOPPING CENTER, STRIP CENTER
      7386 Shea Blvd, Scottsdale, AZ 85260-6466
      View Details
    • Value Estimation
      $3,450,000
      18,269 SF

      14870 Northsight Blvd

      SHOPPING CENTER, STRIP CENTER
      14870 Northsight Blvd, Scottsdale, AZ 85260-2625
      View Details
    • Value Estimation by Request
      9,728 SF

      14900 Pima Rd

      SHOPPING CENTER, STRIP CENTER
      14900 Pima Rd, Scottsdale, AZ 85260-2664
      View Details
    • Value Estimation
      $4,205,000
      10,718 SF

      9301 Shea Blvd

      SHOPPING CENTER, STRIP CENTER
      9301 Shea Blvd, Scottsdale, AZ 85260-6733
      View Details
    • Value Estimation
      $4,855,000
      12,699 SF

      7337 Shea Blvd

      SHOPPING CENTER, STRIP CENTER
      7337 Shea Blvd, Scottsdale, AZ 85260-6465
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space Near Loop 101

      Retail space available in Scottsdale near Loop 101.
      15444 N Frank Lloyd Wright Blvd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing

      North Scottsdale Retail Pad Space

      Prime location near Loop 101 and Scottsdale Airpark.
      15227 N 87Th St, Scottsdale, AZ 85260
      View Details
    • Contact for pricing

      Retail Space in Scottsdale Center

      Retail space available in affluent Scottsdale location near Loop 101.
      14696 N Frank Lloyd Wright Blvd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      1,179 SF

      Garage Space with Mezzanine Lounge

      Turnkey garage space with mezzanine lounge for collectors/enthusiasts.
      15032 N 74Th St, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      242,740 SF

      New Industrial Space Available Soon

      New industrial property for sale, divisible for multiple tenants.
      7501 E Redfield Rd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      2,500 SF

      Scottsdale Drive-Thru Opportunity

      Rare drive-thru opportunity in North Scottsdale, anchored by major retailers.
      15236 N Pima Rd, Scottsdale, AZ 85260
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,300 SF

      Retail Space in Scottsdale Horizon

      Retail space available in well-positioned Scottsdale shopping center.
      14672-14684 N Frank Lloyd Wright Blvd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing

      Retail Space in Scottsdale Center

      Retail space available in a Scottsdale shopping center.
      10121 E Bell Rd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing

      Retail Space in Scottsdale Center

      Retail space available in high-traffic Scottsdale location.
      15231 N 87Th St, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      967 SF

      Neighborhood Center Retail Space

      Retail space in a dynamic Scottsdale neighborhood center.
      8710-8776 E Shea Blvd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      1,933 SF

      Scottsdale Retail Space For Rent

      Retail space in a neighborhood shopping center, Scottsdale, Arizona.
      10111 E Bell Rd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      164,144 SF

      Scottsdale Retail Center Investment

      High-traffic shopping center, 1,959 SF available
      0 Nwc Scottsdale Rd & Thunderbird Rd, Scottsdale, AZ 85260
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8670 Shea Blvd Ste, Unit 101
    Scottsdale, AZ 85260-6656
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8670 Shea Blvd Ste, Scottsdale, AZ, 85260
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!