Multi-Tenant Flex
For Sale
Contact for pricing
14455 Hayden Road, Scottsdale, AZ 85260
Six individually metered flex suites with roll-up doors in two units and recent roof and HVAC improvements.
Property Size46,642 SF
Price / SF$349.26
Days on Market63
Property Features for 14455 Hayden Road
General Information
Standard status
Active
Size
46,642 SF
Class
B
Property subtype
Office, Industrial
Zoning
I-1
Occupancy
87%
Additional Details
Highway Access
Yes
Drive-In Doors
2
Building Details
Year Built
1985
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Shell Commercial Investment Real Estate
(480) 443-3992
Listed By:
Amanda Wright · License #SA523963000
Source:
Crexi
Added: Jun 11
Changed: Aug 8
Last Checked: Aug 11 at 4:34PM
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 Shell Commercial Investment Real Estate
Investment Insights
Based on property information with market context.
This multi-tenant flex building offers six suites in a single property, with each suite separately metered. Two of the suites feature roll-up doors, supporting a range of light industrial or flex uses. Recent building improvements include a roof re-foaming completed in 2024 with warranty, along with numerous new HVAC units installed in 2024. The property also includes professionally managed operations and monument signage.
The building is located in Scottsdale, AZ, at 14455 Hayden Road, with easy access from the Loop 101 freeway at Raintree Drive. It is described as minutes from Scottsdale Municipal Airport, which may be beneficial for businesses that rely on local travel and logistics.
For tenants or buyers, the separately metered configuration can help simplify utility management across multiple occupancies. The mix of office-flex space and roll-up door suites makes the property suitable for users needing both workspace and convenient service access. With documented roof and HVAC upgrades from 2024, the building may appeal to operators looking for a more recently refreshed exterior and building systems.
The building is located in Scottsdale, AZ, at 14455 Hayden Road, with easy access from the Loop 101 freeway at Raintree Drive. It is described as minutes from Scottsdale Municipal Airport, which may be beneficial for businesses that rely on local travel and logistics.
For tenants or buyers, the separately metered configuration can help simplify utility management across multiple occupancies. The mix of office-flex space and roll-up door suites makes the property suitable for users needing both workspace and convenient service access. With documented roof and HVAC upgrades from 2024, the building may appeal to operators looking for a more recently refreshed exterior and building systems.
Key Highlights
- Two‑story? not stated; 6,642 SF multi‑tenant flex building built in 1985 for sale
- Six tenant suites, each separately metered
- Two suites include roll‑up doors
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
$791,550
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
4.86%
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%
$15,831,000
$15.8M
Cap Rate 7%
$11,307,857
$11.3M
Cap Rate 9%
$8,795,000
$8.8M
Market Conditions
NOI Build-Up for 46,642 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
$990.7K $21.24/SF
− Vacancy
−$59.4K −$1.27/SF
EGI
$931.2K $19.97/SF
− OpEx
−$139.7K −$2.99/SF
NOI
$791.6K $16.97/SF
Area
Scottsdale, AZ
Vacancy
6.00%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
15.00%
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%
$15,831,000
Cap Rate 7%
$11,307,857
Cap Rate 9%
$8,795,000
Alternative Uses
Best Use
Warehouse
$11.31M
$9.89M – $13.19M
NOI $791,550 @ 7.0% cap · market cap 4.86%
Second Best
Office B
$10.55M
$9.23M – $12.31M
NOI $738,423 @ 7.0% cap · market cap 4.53%
Theoretical Best
Retail
$15.31M
$13.40M – $17.86M
NOI $1,071,788 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,513
Businesses Nearby
Well-served
Demand for This Use
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?
Flex space - Six individually metered flex suites with roll-up doors in two units and recent roof and HVAC improvements.
Where is this flex space located?
The property is located at 14455 Hayden Road Scottsdale, AZ.
What is the asking price?
The asking price for this property is $16,290,000.
What are key features of this property?
This property features: Two‑story? not stated; 6,642 SF multi‑tenant flex building built in 1985 for sale; Six tenant suites, each separately metered; Two suites include roll‑up doors
