Scottsdale Airpark Mixed-Use
For Sale
Contact for pricing
Pending
15001 Hayden Rd, Scottsdale, AZ 85260
55,247 SF mixed-use building in Scottsdale Airpark.
Property Size55,247 SF
Lot Size3.42 Acres
Days on Market434
Property Features for 15001 Hayden Rd
General Information
Standard status
Pending
Size
55,247 SF
Class
B
Lot size
3.42 Acres
Property subtype
Industrial, Office, Retail
Zoning
C-3
Lease Type
NNN
Building Details
Tenancy
Multi
Listing Agency:
Shell Commercial Investment Real Estate
(480) 443-3992
Listed By:
Amanda Wright · License #SA523963000
Source:
Crexi
Added: Jun 5, 2025
Changed: Aug 8
Last Checked: Aug 11 at 5:28PM
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 Shell Commercial Investment Real Estate
Investment Insights
Based on property information with market context.
This mixed-use building offers approximately 55,247 square feet of space across two stories. The first floor comprises approximately 38,590 square feet, while the second floor offers approximately 16,657 square feet. Situated on a lot of approximately 3.42 acres (approximately 149,083 square feet per the Maricopa County Assessor), the property is located in the Scottsdale Airpark at the new roundabout intersection of Hayden Road and Raintree Drive. Its location provides convenient access, being less than one mile from the Loop 101 Freeway with direct access from Raintree Drive in both north and southbound directions. The property benefits from excellent signage visibility. The second-floor suites have been completely renovated, with each unit separately metered. The property's C-3 zoning allows for automotive and retail use.
Key Highlights
- Prime location at the epicenter of the Scottsdale Airpark, at the intersection of Hayden Road & Raintree Drive.
- Rare C‑3 zoning allowing for automotive and retail use.
- Excellent signage visibility.
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
$1,269,523
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
7.69%
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%
$25,390,460
$25.4M
Cap Rate 7%
$18,136,043
$18.1M
Cap Rate 9%
$14,105,811
$14.1M
Market Conditions
NOI Build-Up for 55,247 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
$1.86M $33.60/SF
− Vacancy
−$42.7K −$0.77/SF
EGI
$1.81M $32.83/SF
− OpEx
−$544.1K −$9.85/SF
NOI
$1.27M $22.98/SF
Area
Scottsdale, AZ
Vacancy
2.30%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
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%
$25,390,460
Cap Rate 7%
$18,136,043
Cap Rate 9%
$14,105,811
Alternative Uses
Best Use
Retail
$18.14M
$15.87M – $21.16M
NOI $1,269,523 @ 7.0% cap · market cap 7.69%
Second Best
Warehouse
$13.39M
$11.72M – $15.63M
NOI $937,584 @ 7.0% cap · market cap 5.68%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,916
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?
Mixed-use property - 55,247 SF mixed-use building in Scottsdale Airpark.
Where is this mixed-use property located?
The property is located at 15001 Hayden Rd Scottsdale, AZ.
What is the asking price?
The asking price for this property is $16,500,000.
What are key features of this property?
This property features: Prime location at the epicenter of the Scottsdale Airpark, at the intersection of Hayden Road & Raintree Drive.; Rare C‑3 zoning allowing for automotive and retail use.; Excellent signage visibility.
