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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9023 Desert Cv Ave Scottsdale, AZ 85260-6714

    • Medical offices
    • 7,166 SF
    • 0.68 lot acres
    OFF-MARKET
    Last Sale
    Sep 30, 2020
    Value Estimations
    $2,180,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2246558
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hanger Clinic: Prosthetics & Orthotics / Orthotics & Prosthetics Service / Medical Clinic
    • Nutrition 27 / Life Coach
    • TMJ & Sleep Therapy Centre of Arizona / Sleep Clinic
    • Jessica Byrd / Nurse Practitioner / General Practitioner

    Property Details for 9023 Desert Cv Ave

    Year built
    1995
    Construction
    CONCRETE
    Lot size
    0.68 lot acres
    Property size
    7,166 SF
    Zone code
    I-1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    217-26-957
    APU
    21726957

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,204,000
      Market price range: $930k - $4.22M
      AI Estimate
      $2,156,000
      Market price range: $930k - $4.22M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,505,000
      Current use
      COMMERCIAL (GENERAL)
      $3,505,000
      Change: +40% Conversion: Easy
      RETAIL STORES
      $3,300,000
      Change: +32% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,955,000
      Change: +18% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.886
    Latitude
    33.585
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,314
    $0.00
    $0.00
    $281,713
    -
    $733,100
    $974,253
    $1,707,353

    Comparable in this City

    • Value Estimation
      $695,000
      5,360 SF

      9070 Desert Cv Ave Ste, Unit 104

      MEDICAL BUILDING • 5,360 SF
      9070 Desert Cv Ave Ste, Scottsdale, AZ 85260-6228
      View Details
    • Value Estimation
      $1,150,000
      8,305 SF

      9070 Desert Cv Ave Ste, Unit 102

      MEDICAL BUILDING • 8,305 SF
      9070 Desert Cv Ave Ste, Scottsdale, AZ 85260-6227
      View Details
    • Value Estimation
      $1,540,000
      10,816 SF

      9002 Desert Cv Ave Ste, Unit 100

      MEDICAL BUILDING • 10,816 SF
      9002 Desert Cv Ave Ste, Scottsdale, AZ 85260-6275
      View Details
    • Value Estimation
      $3,090,000
      7,364 SF

      9155 Bell Rd, Unit 106

      MEDICAL BUILDING • 7,364 SF
      9155 Bell Rd, Scottsdale, AZ 85260-1521
      View Details
    • Value Estimation
      $2,030,000
      3,670 SF

      8890 Desert Cv Ave

      MEDICAL BUILDING • 3,670 SF
      8890 Desert Cv Ave, Scottsdale, AZ 85260-6746
      View Details
    • Value Estimation
      $2,940,000
      7,650 SF

      9295 Thunderbird Rd

      MEDICAL BUILDING • 7,650 SF
      9295 Thunderbird Rd, Scottsdale, AZ 85260-4376
      View Details

    Similar Nearby for Sale

    • $6,025,846
      6,396 SF

      Scottsdale Medical Office Building

      Prime Scottsdale location, sale-leaseback opportunity.
      10611 Hayden Rd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      12,521 SF

      Thompson Peak Medical Office

      Scottsdale medical office building, ±12,521 SF
      9362 Raintree Dr, Scottsdale, AZ 85260
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    • $9,500,000
      5.78 Acres

      North Scottsdale Office Complex

      Prime AZ location, redevelopment potential.
      13875 Northsight Blvd, Scottsdale, AZ 85260
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    • $3,837,240
      10,659 SF

      Scottsdale Freestanding Office Building

      Freestanding, single-story office building in Scottsdale for sale or lease.
      10605 N Hayden Rd, Scottsdale, AZ 85260
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    • $2,000,000
      5,116 SF

      Medical Office Space Available

      Medical office space featuring exam rooms and procedure rooms.
      15720 N Greenway Hayden Loop, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      6,512 SF

      Medical Office Near 101 Freeway

      Move-in ready medical office space near the 101 freeway.
      9831 E Bell Rd, Scottsdale, AZ 85260
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Scottsdale Medical Office Space

      Turnkey medical office in prime Scottsdale location for lease.
      9097 East Desert Cove Ave, Scottsdale, AZ 85260
      View Details
    • $26 SF/Yr
      12,521 SF

      Thompson Peak Medical Office

      Scottsdale medical office building, 12,521 SF.
      9362 Raintree Dr, Scottsdale, AZ 85260
      View Details
    • $25 SF/Yr
      75,137 SF

      Raintree Crossing Office Suites

      Scottsdale Office Space: 1,499-4,184 SF Available
      8350 Raintree Dr, Scottsdale, AZ 85260
      View Details
    • $24 SF/Yr
      42,439 SF

      Shea Medical Plaza: Scottsdale Office Space

      Class A medical office suites, Scottsdale, AZ.
      7425 Shea Blvd, Scottsdale, AZ 85260
      View Details
    • $32 SF/Yr
      3,587 SF

      Scottsdale Medical Plaza Dental Space

      Dental space available for lease in Scottsdale Shea Medical Plaza.
      8952 E Desert Cove Ave, Scottsdale, AZ 85260
      View Details
    • Contact for pricing
      1,926 SF

      Medical Office Space Available

      Former Hyperbaric/Regeneration Spa in Scottsdale's Healthcare Corridor.
      8550 E Shea Blvd, Scottsdale, AZ 85260
      View Details
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    Scottsdale, AZ 85260-6714
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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