New search
Property profile & analytics
FOR LEASE
Medical Office Space
8952 E Desert Cove Ave, Scottsdale, AZ 85260
Entity Owned
5-yr Hold
Free & Clear
Property ID
US07-0166406
For Lease
1 / 3
$32 SF/Yr
8952 E Desert Cove Ave, Scottsdale, AZ 85260
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
CONCRETE
Total area
6,100 SF
Lot
2.16 ac (94,280 SF)
Zoning code
I-G
APN
217-25-844B
UPID
US07-0166406
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
-
Studio B Smiles Dental Office
-
Peak Health Group Physician
-
NeuroMuscular Pain and Wellness Center Physician
-
Dr. John Cory Physician
-
Andre Hagevik Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sod Brookside LLC · 5 yrs held
Sod Brookside LLC
since 2020
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
I-G · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$63,543
Tax year 2023
Assessed value
$1,267,742
Assessed 2024
Previous assessed
$1,257,694
+0.8% YoY
Effective rate
5.01%
On assessed value
Land market value
$2,050,700
Improvement market value
$5,632,585
Total market value
$7,683,285
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
4
Stories
1
Units
3
Total area
6,100 SF
Lot
2.16 ac (94,280 SF)
Zoning code
I-G
APN
217-25-844B
UPID
US07-0166406
Jurisdiction
MARICOPA
Zoning & alternative use
I-G · Scottsdale, AZ
Zoning I-G · permitted uses
I-G · 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.
Building & site characteristics
From public records
Year built
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
4
Units
3
Lot
2.16 ac
Current owner
From public records · entity-resolved
Sod Brookside LLC
Entity
Free & Clear · 5 yrs held
Mailing address
6900 E CAMELBACK RD STE #280, SCOTTSDALE, AZ 85251-8043
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
Oct 22, 2020
$8,450,000
Sod Brookside LLC
Mrr Holdings III LLC
Grant Deed
—
Jan 15, 2020
$10,250,000
Mrr H I L
2007-c31 North Scott Wbcmt
Grant Deed
$8,125,000 · Bankers Tr
Jun 17, 2014
$20,400,000
Wbcmt 2007-c31 North Scottsdal
Pitcher Jeffrey S
Trustees Deed
—
Mar 29, 2007
$23,700,000
Nnn North Scottsdale Medical L
8952 East Desert Cove Drive
Grant Deed
—
Mar 29, 2007
$49,864,172
Nnn North Scottsdale Medical LLC
Nnn North Scottsdale Medical LLC
Special Warranty Deed
—
Nov 12, 2004
$11,600,000
8952 East Desert Cove Drive Ll
Scottsdale Premier LLC
Grant Deed
related
$9,250,000 · Woodman Of The World Life Ins
Jul 23, 2004
—
Scottsdale Premier LLC
Shea-edwards Medical Buildings
Warranty Deed
related
—
Jul 12, 2004
—
Shea Edwards Medical Office
Shea Edwards Limited Partn
Quit Claim 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.
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?”
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.
