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    Class A Office Building Title is generated by Realmo AI

    8501 North Scottsdale Road Scottsdale, Paradise Valley, AZ 85253

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    For Lease
    $38 SF/Yr $475/Mo (calc)

    Premier office building in Gainey Ranch with covered parking.

    Type:Office
    Property size:
    150 SF
    Added:
    Sep 10, 2025
    Days on Market:
    247
    Last Refresh:
    Apr 5 at 9:29 pm

    Property Features for 8501 North Scottsdale Road Scottsdale

    General Information

    Standard status
    Active
    Size
    150 SF
    Property subtype
    Office

    Building Details

    Year Built
    2000

    Spaces For Lease

    at 8501 North Scottsdale Road Scottsdale Contact us

    We can help!

    Listing Contact
    Andrew Cheney, CCIM, CRE, SIOR

    Listing agent Andrew Cheney, CCIM, CRE, SIOR

    Listing office

    Listing date Sep 10, 2025

    Source Lee-associates

    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 Andrew Cheney, CCIM, CRE, SIOR

    HighLights

    • Premier Class A office building in prestigious Gainey Ranch.
    • Convenient access to Pima Freeway (101) and Scottsdale Road.
    • Adjacent to Shops at Gainey Ranch, hotels, and health spa.
    • Ample covered parking in adjacent three‑level structure.
    • LEED certified building.
    • Features a dramatic two‑story atrium lobby.

    Overview

    Gainey Center II is a three-story, Class A, suburban office building featuring a two-story atrium lobby. A new tenant conference center and spec suites are currently under construction. An adjacent three-level parking structure provides covered parking. The property has frontage on North Scottsdale Road and is located on North Scottsdale Road and Eastwood Lane within the Gainey Ranch master-planned community. It is situated adjacent to the Shops at Gainey Ranch, which includes retail, hotels, and a health spa. The site is easily accessed from the Pima Freeway (101) via Indian Bend Road to the South or Shea Boulevard to the North, offering excellent access to North Scottsdale Road. In 2013, the building was awarded LEED certification by the U.S. Green Building Council. The property offers 150 square feet of office space and is available for rent at $37.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Law Firm Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paradise Valley
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.925
    Latitude
    33.5612

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    FAQs

    What type of property is this?
    Office building - Premier office building in Gainey Ranch with covered parking.
    Where is this office building located?
    The property is located at 8501 North Scottsdale Road Scottsdale Paradise Valley, AZ.
    What is the lease rate?
    The lease rate is $38 SF/Yr.
    What are key features of this property?
    This property features: Premier Class A office building in prestigious Gainey Ranch.; Convenient access to Pima Freeway (101) and Scottsdale Road.; Adjacent to Shops at Gainey Ranch, hotels, and health spa.
    (602) 954-3769
    We can help!
    Listing Contact
    Andrew Cheney, CCIM, CRE, SIOR
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    8501 North Scottsdale Road | Scottsdale, AZ 85253, AZ 85253
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