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Property profile & analytics
OFF-MARKET
Estimated value
$2,700,000
Strip malls
8670 Shea Blvd Ste 101 Scottsdale, AZ 85260-6656
Individually Owned
6-yr Hold
Free & Clear
Property ID
US07-0077843
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Construction
CONCRETE
Total area
8,700 SF
Lot
1.24 ac (53,971 SF)
Zoning code
C-3
APN
175-29-008J
UPID
US07-0077843
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
$2.83M
Blend (final)
Blend
$2.70M
Owner & transaction history
Scottsdale Spine & Sports Ctr · 6 yrs held
Scottsdale Spine & Sports Ctr
since 2020
Last sale
$42,600
7 recorded transactions
Zoning & alternative use
C-3 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.3M
+126.0%
Retail stores
$4.0M
+112.8%
Auto repair, garage
$3.6M
+90.4%
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
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
Blend value · Realmo final
$2.70M
Range $2.43M – $2.97M · ±10% · vs last sale $43k (Jan 15 2020)
Last sale anchor
$43k
Jan 15 2020
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
$310 / 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
$18,042
Tax year 2022
Assessed value
$521,879
Assessed 2024
Previous assessed
$336,940
+54.9% YoY
Effective rate
3.46%
On assessed value
Land market value
$2,041,600
Improvement market value
$1,121,300
Total market value
$3,162,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
8,700 SF
Lot
1.24 ac (53,971 SF)
Zoning code
C-3
APN
175-29-008J
UPID
US07-0077843
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Scottsdale, AZ
Zoning C-3 · permitted uses
C-3 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$4.3M
RETAIL STORES
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Scottsdale Spine & Sports Ctr
Individual
Free & Clear · 6 yrs held
Mailing address
3700 N 24TH ST STE #210, PHOENIX, AZ 85016-6536
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
8 recorded events · public records
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
$1,775,000 · Lasalle National Bank
Dec 18, 1996
$365,000
Holdings L L C Aina
Pima Crossing L P
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.
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