Move-in Ready Modern Office
For Sale
Contact for pricing
11111 N Scottsdale Rd, Scottsdale, AZ
Modern office suite with mountain views, ready for immediate occupancy.
Property Size1,800 SF
Lot Size2.07 Acres
Price / SF$444.44
Days on Market268
Property Features for 11111 N Scottsdale Rd
General Information
Standard status
Active
Size
1,800 SF
Lot size
2.07 Acres
Property subtype
OFFICE
Properties For Sale
at 11111 N Scottsdale Rd Contact us- Floor
- 2
- Size
- 1,800 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
11111 N Scottsdale Rd
- This general office suite is a modern, move-in ready office boasting private offices,...
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Listing Agency:
Davis Commercial AZ
(480) 225-0838
Listed By:
Andrea Davis CCIM · License #BR520339000
(480) 225-0838
Source:
Moodyscre
Added: Nov 17, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:05AM
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 Davis Commercial AZ
Investment Insights
Based on property information with market context.
This general office suite offers a modern, move-in ready space featuring private offices, a conference room suitable for 6-8 people, and an open workspace accommodating 5-8 individuals. A breakroom is designed to impress clients. The suite includes an interior ADA bathroom and a storage area. It features newly hardwired wifi, a state-of-the-art security system, and a brand-new phone system. The suite provides panoramic views of the McDowell Mountains and benefits from tenant synergy. Furnishings are included through the lease term and are negotiable for sale. The property provides a parking ratio of 5.22/1000, including 2 reserved covered parking spaces. The monthly property taxes are $267.00, and the HOA fees are $367.00. Monthly NNN fees are approximately $4.50 per square foot, covering property tax, HOA fees, and insurance. The space is ready to accommodate various business needs from day one.
Key Highlights
- Move‑in ready modern office with furnishings included through the lease term.
- Enjoy panoramic McDowell Mountain views.
- Includes 3‑4 private offices, a 6‑8 person conference room, open workspace for 5‑8, and a stunning breakroom.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,497
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$569,940
$569.9K
Cap Rate 7%
$407,100
$407.1K
Cap Rate 9%
$316,633
$316.6K
Market Conditions
NOI Build-Up for 1,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$46.2K $25.68/SF
− Vacancy
−$8.2K −$4.57/SF
EGI
$38.0K $21.11/SF
− OpEx
−$9.5K −$5.28/SF
NOI
$28.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$569,940
Cap Rate 7%
$407,100
Cap Rate 9%
$316,633
Alternative Uses
Best Use
Office B
$407.1K
$356.2K – $475.0K
NOI $28,497 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$590.9K
$517.0K – $689.4K
NOI $41,362 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,086
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Modern office suite with mountain views, ready for immediate occupancy.
Where is this office units located?
The property is located at 11111 N Scottsdale Rd Scottsdale, AZ.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Move‑in ready modern office with furnishings included through the lease term.; Enjoy panoramic McDowell Mountain views.; Includes 3‑4 private offices, a 6‑8 person conference room, open workspace for 5‑8, and a stunning breakroom.
