Scottsdale Warehouse/Industrial Property For
For Sale
$3,500,000
8221 E Gelding Dr, Scottsdale, AZ 85260
9,279 SF warehouse/industrial property in Scottsdale, Arizona.
Property Size9,279 SF
Price / SF$377.20
Days on Market157
Property Features for 8221 E Gelding Dr
General Information
Standard status
Active
Size
9,279 SF
Property subtype
Industrial
Building Details
Building Size
9,279 SF
Year Built
1987
Properties For Sale
at 8221 E Gelding Dr Contact us- Size
- 9,279 SF
- Availability
- Not For Lease
Available Space
Listing Agency:
DAUM Commercial Real Estate Services | Phoenix
Listed By:
Carter Wilson · License #AZ BR663255000
(602) 575-2328
Source:
Daumcommercial
Added: Apr 3
Changed: Aug 25
Last Checked: Sep 5 at 3:35AM
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 DAUM Commercial Real Estate Services | Phoenix
Investment Insights
Based on property information with market context.
This commercial real estate offering consists of a 9,279 square foot warehouse/industrial property. The property is located in Scottsdale, Arizona.
Key Highlights
- 9,279 SF warehouse/industrial property available.
- Located in Scottsdale, Arizona.
- Built in 1987.
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
$157,472
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
4.50%
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%
$3,149,440
$3.1M
Cap Rate 7%
$2,249,600
$2.2M
Cap Rate 9%
$1,749,689
$1.7M
Market Conditions
NOI Build-Up for 9,279 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
$197.1K $21.24/SF
− Vacancy
−$11.8K −$1.27/SF
EGI
$185.3K $19.97/SF
− OpEx
−$27.8K −$2.99/SF
NOI
$157.5K $16.97/SF
Area
Scottsdale, AZ
Vacancy
6.00%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
15.00%
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%
$3,149,440
Cap Rate 7%
$2,249,600
Cap Rate 9%
$1,749,689
Alternative Uses
Best Use
Warehouse
$2.25M
$1.97M – $2.62M
NOI $157,472 @ 7.0% cap · market cap 4.50%
Second Best
Industrial
$1.83M
$1.60M – $2.14M
NOI $128,381 @ 7.0% cap · market cap 3.67%
Theoretical Best
Retail
$3.05M
$2.67M – $3.55M
NOI $213,223 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,161
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85260, AZ
37,967
Population
21,072
Households
1.8
Avg Household Size
47
Median Age
59%
College-Educated
97%
High-School Grad
14.2 sq mi
ZIP Area
2,674
Density / Sq Mi
$103,854
Median Household Income
$62,835
Median Earnings
$1,969
Median Rent
$637,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - 9,279 SF warehouse/industrial property in Scottsdale, Arizona.
Where is this warehouse located?
The property is located at 8221 E Gelding Dr Scottsdale, AZ.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 9,279 SF warehouse/industrial property available.; Located in Scottsdale, Arizona.; Built in 1987.
