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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Parking lots & garages
9985 Cactus Rd Scottsdale, AZ 85260-5125
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-2286276
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1993
Construction
FRAME
Total area
800 SF
Lot
1.1 ac (47,946 SF)
Zoning code
R1-35
APN
217-26-019T
UPID
US07-2286276
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
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Tesss Ranch LLC · 2 yrs held
Tesss Ranch LLC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
R1-35 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R1-35 district is intended to promote and preserve residential development. The minimum lot size, although less than one (1) acre, still results in a low density of population. The principal land use is single-family dwellings and uses incidental or accessory thereto, together with required recreational, religious and educational facilities.
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
3,384.42 ac
Source
Realmo
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
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.20M
Range $1.18M – $1.21M · vs last sale $1.20M (Jan 12 2024)
Last sale anchor
$1.20M
Jan 12 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
$1,500 / 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
$4,078
Tax year 2023
Assessed value
$159,214
Assessed 2024
Previous assessed
$103,560
+53.7% YoY
Effective rate
2.56%
On assessed value
Land market value
$1,025,500
Improvement market value
$35,929
Total market value
$1,061,429
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
1993
Construction
FRAME
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
8
Bathrooms
3
Total area
800 SF
Lot
1.1 ac (47,946 SF)
Zoning code
R1-35
APN
217-26-019T
UPID
US07-2286276
Jurisdiction
MARICOPA
Zoning & alternative use
R1-35 · Scottsdale, AZZoning R1-35 · permitted uses
R1-35 · Scottsdale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R1-35 district is intended to promote and preserve residential development. The minimum lot size, although less than one (1) acre, still results in a low density of population. The principal land use is single-family dwellings and uses incidental or accessory thereto, together with required recreational, religious and educational facilities.
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
3,384.42 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1993
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
3
Lot
1.1 ac
Current owner
From public records · entity-resolved
Tesss Ranch LLC
Entity
Mailing address
4530 E SHEA BLVD, PHOENIX, AZ 85028-6065
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2024
$1,200,000
Tesss Ranch LLC
9985 E Cactus Road LLC
Warranty Deed
—
Aug 8, 2008
$450,000
9985 E Cactus Road LLC
League,jeri
Warranty Deed
—
Jan 25, 2007
$800,000
Jeri League
John N Lester
Warranty Deed
$640,000 · Mortgageit INC
Aug 4, 2005
—
Lester John N & Paula L Trust
Lester,john N & Paula L
Quit Claim Deed
related
—
Dec 13, 2004
—
John N Lester
Lester John N & P L Trust
Quit Claim Deed
related
$461,000 · Ameriquest Mortgage Corp
Dec 18, 2002
—
Lester,tr
Lester,john N & Paula L
Quit Claim Deed
related
—
Mar 25, 1996
$319,000
John N Lester
Juanita C Ray
Grant Deed
$223,300 · Option One Mortgage Corp
Apr 27, 1995
$217,500
Juanita C Ray
Ulan
Grant Deed
$130,000 · State Savings Bank
—
—
Juanita C Ray
—
Deed Of Trust
related
$50,000 · Bank One NA
—
—
Paula L Lester
—
Deed Of Trust
related
$304,400 · Equicredit Corp Arizona
—
—
Lester,tr
—
Deed Of Trust
related
$15,000 · Household Realty Corp
—
—
John N Lester
—
Deed Of Trust
related
$26,000 · Household Realty Corp
—
—
Lester John N & Paula L Trust
—
Deed Of Trust
related
$10,000 · Household Finance Corp II
—
—
John N Lester
—
Deed Of Trust
related
$29,000 · Household Realty Corp
—
—
John N Lester
—
Deed Of Trust
related
$360,500 · Ameriquest Mortgage Corp
—
—
John N Lester
—
Deed Of Trust
related
$240,000 · Aames Capital Corp
—
—
John N Lester
—
Deed Of Trust
related
$261,000 · Ameriquest Mortgage Corp
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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