Single-Story Office
For Sale
Contact for pricing
11046 North Saguaro Boulevard, Fountain Hills, AZ 85268
The property carries C-N zoning and a 10-year owner lease-back structure.
Property Size3,069 SF
Price / SF$449.66
Days on Market55
Property Features for 11046 North Saguaro Boulevard
General Information
Standard status
Active
Size
3,069 SF
Property subtype
Office
Zoning
C-N
Financials
Asking Price
$3,100,000
Cap Rate
7%
Building Details
Year Built
1998
Buildings
1
Stories
1
Units
1
Building Size
3,069 SF
Tenancy
Single
Listing Agency:
Bellagio Real Estate
Listed By:
Shannon Hall · License #BR117465000
Source:
Crexi
Added: Aug 13
Changed: Oct 3
Last Checked: Oct 5 at 7:24PM
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 Bellagio Real Estate
Investment Insights
Based on property information with market context.
This 3,069-square-foot office property is configured as a single-story building and is designated C-N for zoning purposes. The asset is offered with a 10-year owner lease-back, providing a defined occupancy arrangement for the buyer.
Located at 11046 North Saguaro Boulevard in Fountain Hills, Arizona, the property provides an office-focused commercial setting within the community. The offering reflects a 7% cap rate and a long-term lease structure tied to the existing owner occupancy arrangement.
Located at 11046 North Saguaro Boulevard in Fountain Hills, Arizona, the property provides an office-focused commercial setting within the community. The offering reflects a 7% cap rate and a long-term lease structure tied to the existing owner occupancy arrangement.
Key Highlights
- 3,069 SF single‑story office building
- 10‑year owner lease‑back structure
- 7% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,248
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,064,960
$1.1M
Cap Rate 7%
$760,686
$760.7K
Cap Rate 9%
$591,644
$591.6K
Market Conditions
NOI Build-Up for 3,069 SF
Gross rent
$93.9K $30.60/SF
− Vacancy
−$22.9K −$7.47/SF
EGI
$71.0K $23.13/SF
− OpEx
−$17.7K −$5.78/SF
NOI
$53.2K $17.35/SF
Area
Maricopa County, AZ
Vacancy
24.40%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,064,960
Cap Rate 7%
$760,686
Cap Rate 9%
$591,644
Alternative Uses
Best Use
Office B
$760.7K
$665.6K – $887.5K
NOI $53,248 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$949.3K
$830.7K – $1.11M
NOI $66,453 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Explore this area
Business Placement
Demographics for 85268, AZ
24,031
Population
13,429
Households
1.8
Avg Household Size
61
Median Age
50%
College-Educated
97%
High-School Grad
20.5 sq mi
ZIP Area
1,172
Density / Sq Mi
$105,288
Median Household Income
$55,054
Median Earnings
$1,781
Median Rent
$576,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - The property carries C-N zoning and a 10-year owner lease-back structure.
Where is this office building located?
The property is located at 11046 North Saguaro Boulevard Fountain Hills, AZ.
What is the asking price?
The asking price for this property is $1,380,000.
What are key features of this property?
This property features: 3,069 SF single‑story office building; 10‑year owner lease‑back structure; 7% cap rate
