Upscale Scottsdale Office
For Sale
$899,000
33747 N Scottsdale Rd Ste 101/105, Scottsdale, AZ 85266
High-end office space in North Scottsdale near amenities.
Property Size2,285 SF
Price / SF$393.44
Days on Market86
Property Features for 33747 N Scottsdale Rd Ste 101/105
General Information
Standard status
Active
Size
2,285 SF
Property subtype
Office
Building Details
Year Built
2006
Listing Agency:
Commercial Properties Inc.
(602) 549-4676
Listed By:
Craig Trbovich · License #SA571098000
(602) 549-4676
Source:
Corfac
Added: May 19
Changed: Jul 10
Last Checked: Aug 11 at 6:28AM
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 Commercial Properties Inc.
Investment Insights
Based on property information with market context.
Located in an upscale North Scottsdale area near golf courses, hiking, resorts, shopping, and restaurants, this 2,285 square feet office space is situated within a 74,000 SF high-end garden park. The property consists of two contiguous condominium suites suitable for an owner-user or investor. It features a high-quality reception area, private and collaborative office layouts, and expansive storefront windows providing natural light. Individually metered utilities offer tenant billing transparency. The building is professionally maintained with ADA compliant access. Dedicated restrooms support privacy and convenience. A high-efficiency HVAC system ensures occupant comfort, and flexible interior buildouts accommodate varied tenant programming. Secure access and controlled entry provide occupant peace of mind. The low-rise commercial complex conveys a refined professional character.
Key Highlights
- High‑end office space in desirable North Scottsdale/Carefree/Cave Creek location, near amenities.
- 2,285 SF of trophy class office space ideal for owner‑user or investor.**
- Flexible interior buildouts and private/collaborative office layouts adapt to modern workforce.
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
$36,175
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
4.02%
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%
$723,500
$723.5K
Cap Rate 7%
$516,786
$516.8K
Cap Rate 9%
$401,944
$401.9K
Market Conditions
NOI Build-Up for 2,285 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
$58.7K $25.68/SF
− Vacancy
−$10.4K −$4.57/SF
EGI
$48.2K $21.11/SF
− OpEx
−$12.1K −$5.28/SF
NOI
$36.2K $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 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%
$723,500
Cap Rate 7%
$516,786
Cap Rate 9%
$401,944
Alternative Uses
Best Use
Office B
$516.8K
$452.2K – $602.9K
NOI $36,175 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$750.1K
$656.3K – $875.1K
NOI $52,507 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Explore this area
Business Placement
Demographics for 85266, AZ
11,971
Population
6,454
Households
1.9
Avg Household Size
61
Median Age
67%
College-Educated
99%
High-School Grad
19.6 sq mi
ZIP Area
611
Density / Sq Mi
$157,137
Median Household Income
$97,070
Median Earnings
$3,050
Median Rent
$1,026,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - High-end office space in North Scottsdale near amenities.
Where is this office units located?
The property is located at 33747 N Scottsdale Rd Ste 101/105 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: High‑end office space in desirable North Scottsdale/Carefree/Cave Creek location, near amenities.; 2,285 SF of trophy class office space ideal for owner‑user or investor.**; Flexible interior buildouts and private/collaborative office layouts adapt to modern workforce.
