One-Story Office
For Sale
Contact for pricing
33725 N Scottsdale Rd, Scottsdale, AZ 85266
One-story office condo with professional offices, reception, bull pen, en-suite bathrooms, and a break area.
Property Size3,155 SF
Price / SF$348.65
Days on Market721
Property Features for 33725 N Scottsdale Rd
General Information
Standard status
Active
Size
3,155 SF
Property subtype
OFFICE
Building Details
Stories
1
Listing Agency:
Colliers | Phoenix
(602) 222-5000
Listed By:
Michael Marsh, CCIM · License #SA654598000
(480) 380-1548
Source:
Moodyscre
Added: Sep 24, 2024
Changed: Sep 12
Last Checked: Sep 13 at 8:12AM
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 Colliers | Phoenix
Investment Insights
Based on property information with market context.
This one-story office condo is designed for professional use, with a reception area, bull pen, and multiple offices. The layout also includes en-suite bathrooms and a dedicated break area to support daily operations.
The property is located south of Carefree Highway on Scottsdale Road, with retail, restaurants, a hotel, and a fitness center nearby. It is also about 15 minutes to the Pima Loop 101, providing convenient access to the surrounding area.
With 3,155 square feet, the building offers a compact footprint for office tenants seeking an established interior configuration.
The property is located south of Carefree Highway on Scottsdale Road, with retail, restaurants, a hotel, and a fitness center nearby. It is also about 15 minutes to the Pima Loop 101, providing convenient access to the surrounding area.
With 3,155 square feet, the building offers a compact footprint for office tenants seeking an established interior configuration.
Key Highlights
- 3,155 SF one‑story office condo
- Reception area plus bull pen setup
- Professional offices with en‑suite bathrooms
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
$49,949
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
4.54%
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%
$998,980
$999.0K
Cap Rate 7%
$713,557
$713.6K
Cap Rate 9%
$554,989
$555.0K
Market Conditions
NOI Build-Up for 3,155 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
$81.0K $25.68/SF
− Vacancy
−$14.4K −$4.57/SF
EGI
$66.6K $21.11/SF
− OpEx
−$16.6K −$5.28/SF
NOI
$49.9K $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%
$998,980
Cap Rate 7%
$713,557
Cap Rate 9%
$554,989
Alternative Uses
Best Use
Office B
$713.6K
$624.4K – $832.5K
NOI $49,949 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.04M
$906.2K – $1.21M
NOI $72,499 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - One-story office condo with professional offices, reception, bull pen, en-suite bathrooms, and a break area.
Where is this office units located?
The property is located at 33725 N Scottsdale Rd Scottsdale, AZ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,155 SF one‑story office condo; Reception area plus bull pen setup; Professional offices with en‑suite bathrooms
