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Property profile & analytics
OFF-MARKET
Estimated value
$1,580,000
Grocery and convenience stores
8990 Shea Blvd, Scottsdale, AZ 85260-6701
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US07-3238643
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1988
Construction
CONCRETE
Total area
1,913 SF
Lot
1.04 ac (45,270 SF)
Zoning code
C-2
APN
217-25-568B
UPID
US07-3238643
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
-
Shell Car Wash
-
National Bitcoin ATM Atm Currency Exchange Service
-
ATM (Superpumper) Atm
-
Comfort Roofing Company - New Roof Roofing Company General Contractor
-
Superpumper Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.58M
Owner & transaction history
Shea Greenway LLC · 18 yrs held
Shea Greenway LLC
since 2007
7 recorded transactions
Zoning & alternative use
C-2 · 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
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
Blend value · Realmo final
$1.58M
Range $1.42M – $1.74M · ±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
$826 / 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
$16,080
Tax year 2023
Assessed value
$293,242
Assessed 2024
Previous assessed
$273,683
+7.1% YoY
Effective rate
5.48%
On assessed value
Land market value
$1,246,100
Improvement market value
$531,124
Total market value
$1,777,224
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
4
Stories
1
Units
3
Total area
1,913 SF
Lot
1.04 ac (45,270 SF)
Zoning code
C-2
APN
217-25-568B
UPID
US07-3238643
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Scottsdale, AZ
Zoning C-2 · permitted uses
C-2 · 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
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
4
Units
3
Lot
1.04 ac
Current owner
From public records · entity-resolved
Shea Greenway LLC
Entity
Mailing address
1805 WILLOW RD, HILLSBOROUGH, CA 94010-6356
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2017
—
Shea-greenway LLC
—
Grant Deed
related
$5,908,500 · Trustone Fin'l FCU
Oct 3, 2012
—
Spirit Spe Portfolio 2007-3 Ll
—
Deed Of Trust
related
$23,000,000 · Pnc Bank
Dec 7, 2007
$12,665,241
Shea Greenway LLC
Superpumper Properties LLC
Special Warranty Deed
$7,000,000 · Wachovia Bank NA
Jul 2, 2007
$12,440,000
Superpumper Properties LLC
Land Venture Partners II LLC
Special Warranty Deed
$9,339,000 · Jpmorgan Chase Bank NA
Apr 25, 2006
$3,811,500
Pa Morabito Arizona & Co Ltd
Partners Forever LLC
Grant Deed
—
Apr 25, 2006
$9,080,000
Land Venture Partners II LLC
Pa Morabito Arizona & Co Ltd
Grant Deed
—
Apr 25, 2006
—
Land Venture Partners II LLC
Superpumper INC
Quit Claim Deed
related
—
May 29, 2003
—
Superpumper INC
Kapanicas,michel L & Vivian L
Quit Claim Deed
related
—
Aug 3, 2000
—
Partners Forever LLC
Kapanicas,michael L & Vivian L
Grant Deed
related
—
Feb 17, 1999
—
Michael Ll Kapanicas
—
Deed Of Trust
related
$3,000,000 · Bank One Arizona
Apr 28, 1989
—
Michae Kapanicas
Unknown
Grant Deed
related
—
Jan 5, 1988
—
Michae Kapanicas
—
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.
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