Freestanding Office
For Sale
$669,000
6847 East Thomas Road, Scottsdale, AZ 85257
Freestanding office building with a lobby, seven private offices, one restroom, and ample on-site parking.
Property Size2,200 SF
Days on Market127
Property Features for 6847 East Thomas Road
General Information
Standard status
Active
Size
2,200 SF
Class
B
Property subtype
Office - General Office
Additional Details
Traffic Count
27,000 vehicles/day
Building Details
Building Size
2,200 SF
Year Built
1961
Listing Agency:
eXp Commercial
(480) 685-2760
Listed By:
Nikki Bagnato · License #SA668263000
Source:
Commercialcafe
Added: Apr 8
Changed: Aug 11
Last Checked: Jul 23 at 5:36AM
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 eXp Commercial
Investment Insights
Based on property information with market context.
Freestanding office building positioned along E Thomas Rd, offering a functional interior layout with a welcoming front lobby, seven private rooms/offices, and one restroom. The property also provides ample on-site parking for staff and clients.
The site is located in a high-visibility corridor with approximately 27,000 vehicles per day and convenient access to major arterials. It is just minutes from Old Town Scottsdale and is surrounded by established retail, office, and residential density.
This offering is presented for sale as a free-standing office property and may be suitable for an owner-user or an investor seeking visibility along a heavily traveled road.
The site is located in a high-visibility corridor with approximately 27,000 vehicles per day and convenient access to major arterials. It is just minutes from Old Town Scottsdale and is surrounded by established retail, office, and residential density.
This offering is presented for sale as a free-standing office property and may be suitable for an owner-user or an investor seeking visibility along a heavily traveled road.
Key Highlights
- Freestanding office building in Scottsdale on E Thomas Rd with approximately 27,000 vehicles per day exposure
- Built in 1961 with a front lobby and a functional office layout
- Includes 7 private rooms/offices
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
$34,830
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
5.21%
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%
$696,600
$696.6K
Cap Rate 7%
$497,571
$497.6K
Cap Rate 9%
$387,000
$387.0K
Market Conditions
NOI Build-Up for 2,200 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
$56.5K $25.68/SF
− Vacancy
−$10.1K −$4.57/SF
EGI
$46.4K $21.11/SF
− OpEx
−$11.6K −$5.28/SF
NOI
$34.8K $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%
$696,600
Cap Rate 7%
$497,571
Cap Rate 9%
$387,000
Alternative Uses
Best Use
Office B
$497.6K
$435.4K – $580.5K
NOI $34,830 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$722.2K
$631.9K – $842.6K
NOI $50,554 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
27,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,706
Businesses Nearby
Explore this area
Business Placement
Demographics for 85257, AZ
29,187
Population
16,392
Households
1.8
Avg Household Size
39
Median Age
46%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
4,230
Density / Sq Mi
$79,828
Median Household Income
$54,580
Median Earnings
$1,812
Median Rent
$453,200
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 building - Freestanding office building with a lobby, seven private offices, one restroom, and ample on-site parking.
Where is this office building located?
The property is located at 6847 East Thomas Road Scottsdale, AZ.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Freestanding office building in Scottsdale on E Thomas Rd with approximately 27,000 vehicles per day exposure; Built in 1961 with a front lobby and a functional office layout; Includes 7 private rooms/offices
