New search
Property profile & analytics
OFF-MARKET
Estimated value
$18,505,000
Hotels
8888 Shea Blvd, Scottsdale, AZ 85260-6769
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0805370
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1996
Construction
CONCRETE
Total area
72,408 SF
Lot
3.38 ac (147,132 SF)
Zoning code
C-R
APN
217-25-989E
UPID
US07-0805370
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
-
La Quinta Inn & Suites by Wyndham Phoenix Scottsdale Hotel & Motel
-
National Partner Abuse Council Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.24M
Blend (final)
Blend
$18.51M
Owner & transaction history
Cavalier Arizona LP · 4 yrs held
Cavalier Arizona LP
since 2022
6 recorded transactions
Zoning & alternative use
C-R · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$29.8M
+315.8%
Medical building
$25.3M
+252.6%
Neighborhood: shopping center
$15.7M
+118.4%
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
AUTO REPAIR, GARAGE
$29,835,000
Change: +316% · Conversion: Difficult
MEDICAL BUILDING
$25,300,000
Change: +253% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$15,670,000
Change: +118% · Conversion: Difficult
OFFICE BUILDING
$11,655,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$18.51M
Range $16.65M – $20.36M · ±10%
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
$256 / 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
$115,929
Tax year 2023
Assessed value
$2,266,816
Assessed 2024
Previous assessed
$2,004,708
+13.1% YoY
Effective rate
5.11%
On assessed value
Land market value
$4,533,000
Improvement market value
$9,205,281
Total market value
$13,738,281
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1996
Construction
CONCRETE
Heating
HEAT PUMP
Stories
3
Total area
72,408 SF
Lot
3.38 ac (147,132 SF)
Zoning code
C-R
APN
217-25-989E
UPID
US07-0805370
Jurisdiction
MARICOPA
Zoning & alternative use
C-R · Scottsdale, AZ
Zoning C-R · permitted uses
C-R · 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
AUTO REPAIR, GARAGE
Est. value
$29.8M
MEDICAL BUILDING
Est. value
$25.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.7M
OFFICE BUILDING
Est. value
$11.7M
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE 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
1996
Construction
CONCRETE
Heating
HEAT PUMP
Stories
3
Lot
3.38 ac
Current owner
From public records · entity-resolved
Cavalier Arizona LP
Entity
Mailing address
909 HIDDEN RDG STE #600, IRVING, TX 75038-3822
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2023
—
Cavalier Arizona LP
—
Deed
related
$625,000,000 · Deutsche Bank National Trust Co
Mar 9, 2022
—
Cavalier Arizona LP
Cplg Properties LLC
Special Warranty Deed
—
Jun 4, 2018
—
Cplg Properties LLC
—
Deed
related
—
Feb 17, 2006
—
Bre Of Lq Properties LLC
Laquinta Properties INC
Grant Deed
$2,075,000,000 · Bank Of America
Jan 23, 1996
$2,674,026
La Quinta Inns INC
Pima L P
Grant Deed
—
—
—
Cplg Properties LLC
—
Deed Of Trust
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 8888 Shea Blvd?
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.
