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Property profile & analytics
OFF-MARKET
Estimated value
$2,350,000
Medical Office Space
9440 Ironwood Sq Dr Ste 100 Scottsdale, AZ 85258-4569
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-3422592
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
STEEL FRAME
Total area
5,736 SF
Lot
0.12 ac (5,387 SF)
Zoning code
C-O
APN
217-53-906
UPID
US07-3422592
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.84M
Blend (final)
Blend
$2.35M
Owner & transaction history
Mh Ironwood Properties LLC · 2 yrs held
Mh Ironwood Properties LLC
since 2024
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
C-O · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
dential District (except the R-5 district). Regional Shopping Center (C-S) Neighborhood Commercial (C-1) Central Business (C-2) Highway Commercial (C-3) General Commercial (C-4) Support Services (S-S) Commercial Office (C-O) Planned Regional Center (PRC) Planned Convenience Center (PCoC) • Minimum 10-foot wide landscape buffer on the side and rear property l…
Zone name
Commercial Office
General category
COMMERCIAL
Zone area
122.61 ac
Top alternative use upside
Commercial (general)
$2.8M
+40.0%
Retail stores
$2.6M
+31.8%
Auto repair, garage
$2.4M
+17.9%
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
$2,350,000
ML approach
$2,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,005,000
Current use
COMMERCIAL (GENERAL)
$2,805,000
Change: +40% · Conversion: Easy
RETAIL STORES
$2,640,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,365,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±10% · vs last sale $2.35M (Mar 29 2024)
Last sale anchor
$2.35M
Mar 29 2024
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
$410 / 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
$13,095
Tax year 2023
Assessed value
$362,951
Assessed 2024
Previous assessed
$362,951
+0.0% YoY
Effective rate
3.61%
On assessed value
Land market value
$439,900
Improvement market value
$1,759,800
Total market value
$2,199,700
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
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
5,736 SF
Lot
0.12 ac (5,387 SF)
Zoning code
C-O
APN
217-53-906
UPID
US07-3422592
Jurisdiction
MARICOPA
Zoning & alternative use
C-O · Scottsdale, AZZoning C-O · permitted uses
C-O · Scottsdale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
dential District (except the R-5 district). Regional Shopping Center (C-S) Neighborhood Commercial (C-1) Central Business (C-2) Highway Commercial (C-3) General Commercial (C-4) Support Services (S-S) Commercial Office (C-O) Planned Regional Center (PRC) Planned Convenience Center (PCoC) • Minimum 10-foot wide landscape buffer on the side and rear property lines abutting any Residential District, except in the Old Town Area. or • A minimum
Zone name
Commercial Office
General category
COMMERCIAL
Zone area
122.61 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$2.8M
RETAIL STORES
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.4M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Mh Ironwood Properties LLC
Entity
Mailing address
10277 N 92ND ST STE #101, SCOTTSDALE, AZ 85258-4564
Ownership since
2024
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
Mar 29, 2024
$2,350,000
Mh Ironwood Properties LLC
Scottsdale Shea Property LLC
Special Warranty Deed
$1,175,000 · Jpmorgan Chase Bank NA
Mar 10, 2020
—
Scottsdale Shea Property LLC
—
Deed
related
$1,275,000 · Wells Fargo Bank NA
Jul 5, 2016
—
Scottsdale Shea Property LLC
—
Deed
related
$600,000 · Wells Fargo Bank NA
Dec 28, 2012
$892,683
Scottsdale Shea Property LLC
Ironwood Office Properties LLC
Special Warranty Deed
$714,146 · Wells Fargo Bank NA
May 12, 2005
—
Ironwood Office Properties LLC
Nyberg,david A
Grant Deed
—
Jun 11, 2004
$989,460
David A Nyberg
Ironwood Square Investors LLC
Grant Deed
$773,600 · Us Bank NA
—
—
David A Nyberg
—
Deed Of Trust
related
$810,045 · Ironwood Square Investors LLC
—
—
Diabetic Innovations LLC
—
Deed Of Trust
related
$75,000 · Firstbank
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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