Modern Office Unit with
For Sale
Contact for pricing
Pending
14269 N 87th St, Scottsdale, AZ 85260
Modern office space built in 2004 with exposed ceilings, abundant natural light, and an on-site elevator.
Property Size2,360 SF
Days on Market1338
Property Features for 14269 N 87th St
General Information
Standard status
Pending
Size
2,360 SF
Total Parking Spaces
2
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
signage opportunity
elevator
Building Details
Year Built
2004
Listing Agency:
Cutler Commercial
(480) 529-6400
Listed By:
James M Lieberthal
(480) 529-6400
Source:
Moodyscre
Added: Dec 2, 2022
Changed: Jul 27
Last Checked: Aug 1 at 2:20PM
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 Cutler Commercial
Investment Insights
Based on property information with market context.
This modern office unit was built in 2004 and features a professional interior buildout with exposed ceilings and an open layout with lots of light. The building includes an elevator, supporting convenient access within the office setting.
The property provides signage opportunity on the building fronting 101 Freeway. Parking is available at a 5 per 1,000 SF ratio, with two covered reserved parking spaces included.
With its light-filled open design and contemporary office improvements, the space is well suited for businesses seeking a functional, office-focused environment.
The property provides signage opportunity on the building fronting 101 Freeway. Parking is available at a 5 per 1,000 SF ratio, with two covered reserved parking spaces included.
With its light-filled open design and contemporary office improvements, the space is well suited for businesses seeking a functional, office-focused environment.
Key Highlights
- Modern professional office space built in 2004 with a building elevator
- Building signage opportunity on the fronting 101 Freeway
- Modern buildout with exposed ceilings and open layout with lots 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 | $60.6k | $25.68 |
| − Vacancy | −$10.8k | −$4.57 |
| EGI | $49.8k | $21.11 |
| − OpEx | −$12.5k | −$5.28 |
| NOI | $37.4k | $15.83 |
2,360 SF · lease $25.68/SF/yr · vacancy 17.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$533.8K
$467.0K – $622.7K
NOI $37,363 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$774.7K
$677.9K – $903.9K
NOI $54,231 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,491
Businesses Nearby
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Modern office space built in 2004 with exposed ceilings, abundant natural light, and an on-site elevator.
Where is this office units located?
The property is located at 14269 N 87th St Scottsdale, AZ.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Modern professional office space built in 2004 with a building elevator; Building signage opportunity on the fronting 101 Freeway; Modern buildout with exposed ceilings and open layout with lots of natural light
