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Property profile & analytics
OFF-MARKET
Estimated value
$39,325,000
Outlet malls
9890 90th St Scottsdale, AZ 85258-4417
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-0411385
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1995
Construction
CONCRETE
Total area
110,062 SF
Lot
11.24 ac (489,397 SF)
Zoning code
PRC
APN
217-36-980
UPID
US07-0411385
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
-
Pro Desk at The Home Depot Big Box & Wholesale Store Building Supply
-
Scottsdale Fiesta Shopping Center Shopping Center & Mall
-
Tool & Truck Rental Center at The Home Depot Rental Equipment Company
-
Minute Key Locksmith (Bike/Boat/Book/etc) Store
-
Yale KeyExpress Locksmith
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$40.40M
Blend (final)
Blend
$39.33M
Owner & transaction history
Kfh 2121 Power Road LLC · 5 yrs held
Kfh 2121 Power Road LLC
since 2021
6 recorded transactions
Zoning & alternative use
PRC · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
-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…
Zone name
Planned Regional Center
General category
MIXED_USE
Zone area
108.64 ac
Top alternative use upside
Commercial (general)
$53.8M
+6.2%
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
RETAIL STORES
$50,690,000
Current use
COMMERCIAL (GENERAL)
$53,825,000
Change: +6% · Conversion: Easy
AUTO REPAIR, GARAGE
$45,350,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$39.33M
Range $35.39M – $43.26M · ±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
$357 / 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
$118,383
Tax year 2023
Assessed value
$4,146,516
Assessed 2024
Previous assessed
$3,592,814
+15.4% YoY
Effective rate
2.85%
On assessed value
Land market value
$14,905,100
Improvement market value
$10,225,300
Total market value
$25,130,400
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1995
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
4
Stories
1
Units
2
Total area
110,062 SF
Lot
11.24 ac (489,397 SF)
Zoning code
PRC
APN
217-36-980
UPID
US07-0411385
Jurisdiction
MARICOPA
Zoning & alternative use
PRC · Scottsdale, AZZoning PRC · permitted uses
PRC · Scottsdale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
-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 six-foot high masonry wall or
Zone name
Planned Regional Center
General category
MIXED_USE
Zone area
108.64 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$50.7M
COMMERCIAL (GENERAL)
Est. value
$53.8M
AUTO REPAIR, GARAGE
Est. value
$45.4M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1995
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
4
Units
2
Lot
11.24 ac
Current owner
From public records · entity-resolved
Kfh 2121 Power Road LLC
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2021
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 31, 2021
$1,650,000
Kfh 2121 Power Road LLC
Phyllis K Eichman
Special Warranty Deed
$1,237,500 · Pacific Premier Bank
Mar 3, 2017
—
Scottsdale Fiesta Retail Cente
—
Deed
related
$53,500,000 · Miscellaneous Ins Co
Mar 7, 1996
$10,322,145
Shea 90 Corporation
Opus Construction Corpora
Grant Deed
—
—
—
Brinker Restaurant Corp
—
Deed Of Trust
related
—
—
—
Scottsdale Fiesta Retail Cente
—
Deed Of Trust
related
$53,500,000 · Miscellaneous Ins Co
—
—
Scottsdale Fiesta Retail Cente
—
Deed Of Trust
related
$53,500,000 · Miscellaneous Ins Co
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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