Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8515 E Anderson Dr Scottsdale, AZ 85255

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2.00 SF/Yr

    Upscale flex/R&D space with lab in Perimeter Center Business Park.

    Building Details

    Year built
    2000

    We can help!

    Listing Contact
    Ken Elmer
    Source: Corfac

    Listing Agency: Commercial Properties Inc Listing Agent: Ken Elmer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Scottsdale Flex Space with Lab

    This flex/R&D space with a lab is located within the Cornwell Technology Center, an upscale flex property in the Perimeter Center Business Park. The property is fully air-conditioned and features a lab area currently used as an electronic repair lab. The space includes two shower rooms, a drop ceiling throughout, and LED lighting. Fire suppression is provided by a sprinkler system. Covered parking is available. The location offers convenient access to the Loop 101 Freeway and Bell Road, as well as the Loop 101 Freeway and Princess Drive. It is situated minutes from the Scottsdale Sports Complex, TPC Golf Course, Westworld Scottsdale, and Scottsdale Airpark. The surrounding area, within a 3-mile radius, provides access to restaurants and shopping at Kierland Commons, Scottsdale Quarter, Scottsdale Promenade, and Scottsdale 101.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hemisphere GNSS Telecommunications Service Hemisphere Middle East (Bike/Boat/Book/etc) Store Matrixx Initiatives Inc Factory

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Real Estate Agency Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.8958154
    Latitude
    33.6432961

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      AZ, Scottsdale - Scottsdale Quarter

      Find fully flexible work and meeting space in AZ, Scottsdale - Scottsdale Quarter
      15169 Scottsdale Rd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing

      AZ, Scottsdale- Scottsdale Spectrum

      Discover many ways to work your way in CA, Carlsbad - Palomar Airport Road
      6710 Scottsdale Rd, Scottsdale, AZ 85253
      View Details
    • New
      Contact for pricing

      Spaces Old Town Galleria

      Find fully flexible work and meeting space in Spaces Old Town Galleria
      4343 Scottsdale Rd, Scottsdale, AZ 85251
      View Details
    • Contact for pricing

      AZ, Scottsdale - N 92nd St

      Discover many ways to work your way in AZ, Scottsdale - N 92nd St
      10101 92Nd St, Scottsdale, AZ 85258
      View Details
    • New
      Contact for pricing

      Promenade Corporate Center

      Discover many ways to work your way in Promenade Corporate Center
      16427 Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • New
      Contact for pricing

      Scottsdale Financial Center III

      Discover many ways to work your way in Scottsdale Financial Center III
      7272 Indian School Rd, Scottsdale, AZ 85251
      View Details
    • New
      Contact for pricing

      Raintree Corporate Center

      Discover many ways to work your way in Raintree Corporate Center
      15333 Pima Rd, Scottsdale, AZ 85260
      View Details
    • New
      Contact for pricing

      Gainey Ranch

      Discover many ways to work your way in Gainey Ranch
      7702 Doubletree Ranch Rd, Scottsdale, AZ 85258
      View Details
    • New
      Contact for pricing

      Fashion Square

      Discover many ways to work your way in Fashion Square
      7150 Camelback Rd, Scottsdale, AZ 85251
      View Details
    • New
      Contact for pricing

      Camelback Square

      Discover many ways to work your way in Camelback Square
      6991 Camelback Rd, Scottsdale, AZ 85251
      View Details
    • Contact for pricing

      Class A Sublease in Scottsdale

      Premier creative space with recording studio near Scottsdale Airport.
      15333 North Pima Rd, Scottsdale, AZ 85260
      View Details

    FAQs

    What type of property is this?
    Flex space - Upscale flex/R&D space with lab in Perimeter Center Business Park.
    Where is this flex space located?
    The property is located at 8515 E Anderson Dr Scottsdale, AZ.
    What is the lease rate?
    The lease rate is $2.00 SF/Yr.
    What are key features of this property?
    This property features: - 100% Air Conditioned Flex/R&D Space with Lab; - Located in Upscale Cornwell Technology Center within Perimeter Center Business Park; - Proximity to Loop 101 Freeway (Bell Road and Princess Drive)
    (480) 818-2142
    Request Owner's contact information
    8515 E Anderson Dr Scottsdale, AZ 85255
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8515 E Anderson Dr
    Scottsdale, AZ 85255
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    8515 E Anderson Dr Scottsdale, AZ 85255
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ken Elmer
    (480) 818-2142 (480) 522-2778 (480) 966-2301
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!