Scottsdale Office Building Near Loop
For Sale
$648,000
8701 E Vista Bonita Dr, Scottsdale, AZ 85255
2,160 sq. ft. Office Building For Sale
Property Size2,160 SF
Lot Size0.05 Acres
Price / SF$300
Days on Market615
Property Features for 8701 E Vista Bonita Dr
General Information
Standard status
Active
Property type
Other office properties, Office buildings, Office Units, Office Spaces
Size
2,160 SF
Elevators
N/A
Lot size
0.05 Acres
Listed By:
James Mcdonald Iii
(602) 793-1183
Added: Jan 29, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This 2,160 square foot office building is located in Scottsdale, Arizona, zip code 85255, at 8701 E Vista Bonita Dr. The property offers convenient access to Loop 101, placing it within easy reach of major transportation arteries. The building benefits from its location in a high-demographic area, surrounded by a variety of retail options and restaurants. The property features common area restrooms for shared use. A scenic courtyard complete with a fountain provides a pleasant and relaxing outdoor space. The building enjoys a location right next to Pinnacle Peak Country Club. The lot size is approximately 0.05 acres. The building's size and features make it suitable for a variety of business uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,197
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,940
$683.9K
Cap Rate 7%
$488,529
$488.5K
Cap Rate 9%
$379,967
$380.0K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$55.5K $25.68/SF
− Vacancy
−$9.9K −$4.57/SF
EGI
$45.6K $21.11/SF
− OpEx
−$11.4K −$5.28/SF
NOI
$34.2K $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%
$683,940
Cap Rate 7%
$488,529
Cap Rate 9%
$379,967
Alternative Uses
Best Use
Office B
$488.5K
$427.5K – $570.0K
NOI $34,197 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$709.1K
$620.4K – $827.3K
NOI $49,635 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 85255, AZ
44,976
Population
23,016
Households
2
Avg Household Size
51
Median Age
68%
College-Educated
98%
High-School Grad
88.2 sq mi
ZIP Area
510
Density / Sq Mi
$143,567
Median Household Income
$93,339
Median Earnings
$2,401
Median Rent
$975,300
Median Home Value
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 property - 2,160 sq. ft. Office Building For Sale
Where is this office property located?
The property is located at 8701 E Vista Bonita Dr Scottsdale, AZ.
What is the asking price?
The asking price for this property is $648,000.
