Professional Office Condo
For Sale
$124,900
118-6730 E Mcdowell Rd, Scottsdale, AZ 85256
Open-concept office condo with corner location and C-3 zoning for a wide range of business uses.
Property Size300 SF
Price / SF$416.33
Days on Market192
Property Features for 118-6730 E Mcdowell Rd
General Information
Standard status
Active
Size
300 SF
Taxes and HOA fees
Annual Taxes
$450
Listing Agency:
West USA Realty
(480) 948-5554
Listed By:
James Wehner · License #BR557829000
(480) 323-5462
Source:
Exprealty
Added: Apr 15
Changed: Oct 3
Last Checked: Oct 23 at 12:04PM
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 West USA Realty
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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 professional office condo offers an open-concept layout in a 300 sq ft unit. The space is positioned as a corner suite, intended to support flexible business use under C-3 general commercial zoning.
The property is located at the high-visibility corner of 68th St and McDowell Rd. Public remarks indicate abundant parking and easy access to the 101 and 202 freeways.
The listing describes the condo as suitable for professional services, medical offices, creative studios, consulting, or small retail, with proximity to Sky Harbor Airport, Arizona State University (ASU), and Tempe Town Lake.
The property is located at the high-visibility corner of 68th St and McDowell Rd. Public remarks indicate abundant parking and easy access to the 101 and 202 freeways.
The listing describes the condo as suitable for professional services, medical offices, creative studios, consulting, or small retail, with proximity to Sky Harbor Airport, Arizona State University (ASU), and Tempe Town Lake.
Key Highlights
- 300 SF open‑concept professional office condo
- High‑visibility corner location at 68th St & McDowell Rd
- C‑3 general commercial zoning allows a wide variety of business uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,750
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$95,000
$95.0K
Cap Rate 7%
$67,857
$67.9K
Cap Rate 9%
$52,778
$52.8K
Market Conditions
NOI Build-Up for 300 SF
Gross rent
$7.7K $25.68/SF
− Vacancy
−$1.4K −$4.57/SF
EGI
$6.3K $21.11/SF
− OpEx
−$1.6K −$5.28/SF
NOI
$4.7K $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%
$95,000
Cap Rate 7%
$67,857
Cap Rate 9%
$52,778
Alternative Uses
Best Use
Office B
$67.9K
$59.4K – $79.2K
NOI $4,750 @ 7.0% cap · market cap 3.80%
Second Best
Healthcare Medical
$61.1K
$53.5K – $71.3K
NOI $4,277 @ 7.0% cap · market cap 3.42%
Theoretical Best
Retail
$98.5K
$86.2K – $114.9K
NOI $6,894 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,708
Businesses Nearby
Explore this area
Business Placement
Demographics for 85256, AZ
4,857
Population
1,120
Households
4.3
Avg Household Size
28
Median Age
9%
College-Educated
78%
High-School Grad
34.2 sq mi
ZIP Area
142
Density / Sq Mi
$51,469
Median Household Income
$35,156
Median Earnings
$561
Median Rent
$132,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Open-concept office condo with corner location and C-3 zoning for a wide range of business uses.
Where is this office unit located?
The property is located at 118-6730 E Mcdowell Rd Scottsdale, AZ.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: 300 SF open‑concept professional office condo; High‑visibility corner location at 68th St & McDowell Rd; C‑3 general commercial zoning allows a wide variety of business uses
