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Property profile & analytics
OFF-MARKET
Estimated value
$7,385,000
Strip malls
8698 Raintree Dr 110 Scottsdale, AZ 85260-2614
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1654543
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Total area
29,049 SF
Lot
3.6 ac (156,867 SF)
APN
215-52-034V
UPID
US07-1654543
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
-
Enterprise Bank & Trust Bank Loan Service
-
Boot Barn Clothing & Fashion Store
-
Brooklyn Bedding Furniture & Home Goods
-
Enterprise Bank & Trust - VTM Atm
-
Enterprise Bank & Trust ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.76M
Comparable Approach
Comparable
$6.79M
Blend (final)
Blend
$7.39M
Owner & transaction history
Kashi Raintree LLC · 4 yrs held
Kashi Raintree LLC
since 2021
Last sale
$7.7M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.0M
+90.4%
Medical building
$10.2M
+61.5%
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
$6,330,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,565,000
6.5%
$9,755,000
7%
$9,055,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,285,000
Current use
AUTO REPAIR, GARAGE
$11,970,000
Change: +90% · Conversion: Difficult
MEDICAL BUILDING
$10,150,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$7.39M
Range $6.65M – $8.12M · ±10% · vs last sale $7.65M (Aug 27 2021)
Last sale anchor
$7.65M
Aug 27 2021
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
$254 / 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
$80,750
Tax year 2023
Assessed value
$1,250,552
Assessed 2024
Previous assessed
$1,094,035
+14.3% YoY
Effective rate
6.46%
On assessed value
Land market value
$4,075,600
Improvement market value
$3,503,500
Total market value
$7,579,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Stories
1
Total area
29,049 SF
Lot
3.6 ac (156,867 SF)
APN
215-52-034V
UPID
US07-1654543
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$12.0M
MEDICAL BUILDING
Est. value
$10.2M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2004
Stories
1
Lot
3.6 ac
Current owner
From public records · entity-resolved
Kashi Raintree LLC
Entity
Mailing address
11800 SINGLETREE LN STE #301, EDEN PRAIRIE, MN 55344-5398
Ownership since
2021
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
Aug 27, 2021
$7,650,000
Kashi Raintree LLC
101 Envy Raintree LLC
Special Warranty Deed
$5,738,000 · Bremer Bank NA
Aug 31, 2018
$8,000,000
101 Envy Raintree LLC
Ferrado L A LLC
Special Warranty Deed
$5,000,000 · Cobiz Bank
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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