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Medical Office Condominium

10181 N 92nd St #101, Scottsdale, AZ 85258

For Sale
$978,000

Configured for clinical care, the suite includes exam rooms, administrative offices, patient reception, and allocated covered parking.

Property Size2,103 SF
Price / SF$465.05
Days on Market50

Property Features for 10181 N 92nd St #101

General Information

Standard status Active
Size 2,103 SF
Class B
Total Parking Spaces 2
Property subtype Office

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Building Size 2,103 SF
Listing Agency: SVN | Desert Commercial Advisors
Listed By: Justin Horwitz, SIOR · License AZ SA562459000
Source: Svndesertcommercial
Added: Sep 26 Changed: Nov 10 Last Checked: Nov 12 at 5:00AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Desert Commercial Advisors

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 2,103-square-foot medical office condominium is arranged for patient-facing practice, with a waiting area and reception workspace at the front. The interior also includes four exam rooms, each with a sink, multiple nurse stations, two private offices, a kitchen and break area, and multiple restrooms. Two covered parking spaces are reserved for the suite.

The property is at 10181 N. 92nd St in Scottsdale, directly across from HonorHealth Scottsdale Shea Medical Center. Parking is available on both the north and south sides of the building, with signage serving those areas. Shea Boulevard provides direct access, and the property connects to Loop 101. Nearby retail, dining, and service businesses add to the surrounding context.

Key Highlights

  • 2,103‑square‑foot medical office condominium
  • Four exam rooms with sinks and multiple nurse stations
  • Patient waiting area, reception workspace, and two private offices

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$33,294
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,880 $665.9K
Cap Rate 7%
$475,629 $475.6K
Cap Rate 9%
$369,933 $369.9K
Market Conditions
NOI Build-Up for 2,103 SF
Gross rent
$54.0K $25.68/SF
− Vacancy
−$9.6K −$4.57/SF
EGI
$44.4K $21.11/SF
− OpEx
−$11.1K −$5.28/SF
NOI
$33.3K $15.83/SF
Area
Scottsdale, AZ
Vacancy
17.80%
Lease Rate
$25.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,880
Cap Rate 7%
$475,629
Cap Rate 9%
$369,933

Alternative Uses

Best Use
Office B
$475.6K
$416.2K – $554.9K (±1% cap)
NOI $33,294 @ 7.0% cap · market cap 3.40%
Second Best
Healthcare Medical
$428.3K
$374.8K – $499.7K (±1% cap)
NOI $29,980 @ 7.0% cap · market cap 3.07%
Theoretical Best
Retail
$690.4K
$604.1K – $805.4K (±1% cap)
NOI $48,325 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

H Jae Kim Physician Dr. Mankanwal Sachdev Physician Shapiro Michael S ... Physician Desert Smiles Family ... Dental Office Freed Jenifer Dental Office

Suggested Use

Top Pick Building Supply Auto Parts Store Big Box & Wholesale Store Parking Lot & Garage Garden Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

3,610
Businesses Nearby
Well-served
Demand for This Use

Demographics for 85258, AZ

25,203
Population
15,566
Households
1.6
Avg Household Size
55
Median Age
63%
College-Educated
99%
High-School Grad
10.3 sq mi
ZIP Area
2,447
Density / Sq Mi
$105,171
Median Household Income
$68,184
Median Earnings
$1,945
Median Rent
$744,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Properties on Market for Medical Office Space in Scottsdale

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025

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Frequently Asked Questions

What type of property is this?
Medical Office Space - Configured for clinical care, the suite includes exam rooms, administrative offices, patient reception, and allocated covered parking.
Where is this medical office space located?
The property is located at 10181 N 92nd St #101 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $978,000.
What are key features of this property?
This property features: 2,103‑square‑foot medical office condominium; Four exam rooms with sinks and multiple nurse stations; Patient waiting area, reception workspace, and two private offices
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Includes: Price & PSF · Cap rate · Location · Zoning

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