Renovated Office
15011 N 75th St Scottsdale, AZ 85260
For Sale
Contact for pricing
Fully renovated office building with 18 private offices, two conference rooms, smart HVAC, and easy elevator access.
Property Size21,664 SF
Price / SF$364.66
Days on Market591
Property Features for 15011 N 75th St
General Information
- Standard status
- Active
- Size
- 21,664 SF
- Property subtype
- OFFICE
Listing Agency:
Matthews Real Estate Investment Services | Phoenix
(515) 419-0718
Listed By:
John Stroud · License #SA691768000(AZ)
(515) 419-0718
Source:
Moodyscre
Added: Dec 10, 2024
Changed: Jul 22
Last Checked: Jul 22 at 10:28PM
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 Matthews Real Estate Investment Services | Phoenix
Investment Insights
Based on property information with market context.
This fully renovated office building at 15011 N 75th St, Scottsdale, AZ includes 18 private offices, two conference rooms, and a lounge. Improvements include brand-new HVAC units, smart thermostats in each individual office, high-end build-outs, custom finishes, and an abundance of natural light. The suite also features easy access via an elevator.
Positioned on a quiet street, the property is described as steps from Scottsdale Airport and about two blocks from Kierland Commons and Scottsdale Quarter. Nearby and surrounding businesses include Natural Grocer, RA Sushi Bar, The Cheesecake Factory, Costco Wholesale, and local favorites such as Postino Kierland and OHSO Brewery + Distillery, with pull-up parking to support day-to-day client and staff access.
Positioned on a quiet street, the property is described as steps from Scottsdale Airport and about two blocks from Kierland Commons and Scottsdale Quarter. Nearby and surrounding businesses include Natural Grocer, RA Sushi Bar, The Cheesecake Factory, Costco Wholesale, and local favorites such as Postino Kierland and OHSO Brewery + Distillery, with pull-up parking to support day-to-day client and staff access.
Key Highlights
- Roughly 21,664 SF Class A office space with 18 private offices, 2 conference rooms, and a lounge.
- Fully renovated building with brand new HVAC units and smart thermostats in each individual office.
- High‑end build‑outs with custom finishes and an abundance of natural light.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $556.3k | $25.68 |
| − Vacancy | −$99.0k | −$4.57 |
| EGI | $457.3k | $21.11 |
| − OpEx | −$114.3k | −$5.28 |
| NOI | $343.0k | $15.83 |
21,664 SF · lease $25.68/SF/yr · vacancy 17.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.90M
$4.29M – $5.72M
NOI $342,978 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$7.11M
$6.22M – $8.30M
NOI $497,818 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Set Jet
Freight Service
Mortgage Store
Loan Service
FAQs
What type of property is this?
Office building - Fully renovated office building with 18 private offices, two conference rooms, smart HVAC, and easy elevator access.
Where is this office building located?
The property is located at 15011 N 75th St Scottsdale, AZ.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: Roughly 21,664 SF Class A office space with 18 private offices, 2 conference rooms, and a lounge.; Fully renovated building with brand new HVAC units and smart thermostats in each individual office.; High‑end build‑outs with custom finishes and an abundance of natural light.
