Freestanding Two-Story Office
For Sale
Contact for pricing
15150 N Hayden Rd, Scottsdale, AZ 85260
Owner-user opportunity with move-in-ready first-floor space and established small-tenant occupancy.
Property Size42,947 SF
Price / SF$249.14
Days on Market51
Property Features for 15150 N Hayden Rd
General Information
Standard status
Active
Size
42,947 SF
Occupancy
80%
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Stories
2
Building Size
42,947 SF
Construction
concrete
Tenancy
Multi
Listing Agency:
Cushman & Wakefield | Phoenix
(602) 954-9000
Listed By:
Eric Wichterman · License #SA109618000
(602) 224-4471
Source:
Moodyscre
Added: Jul 28
Changed: Sep 9
Last Checked: Sep 15 at 11:49AM
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 Cushman & Wakefield | Phoenix
Investment Insights
Based on property information with market context.
This two-story freestanding office building totals approximately 42,947 square feet and is currently approximately 80% leased to small, manageable tenants averaging approximately 5,700 square feet. An owner-user can occupy approximately 19,754 square feet, or approximately 46% of the building, on the first floor, including approximately 8,607 square feet in move-in-ready condition.
The property offers approximately 345 linear feet of frontage along Hayden Road, a major arterial corridor serving the Scottsdale Airpark, and is positioned within North Scottsdale’s expanding “Headquarters Alley” corporate corridor. Located approximately 1 mile from Loop 101, the building provides access to the greater Phoenix freeway network and a population of 1.95 million within a 30-minute drive. Nearby amenities include Kierland Commons, Scottsdale Quarter, luxury resorts, golf clubs, Parque Scottsdale, and Scottsdale Airport immediately north of the property.
The property offers approximately 345 linear feet of frontage along Hayden Road, a major arterial corridor serving the Scottsdale Airpark, and is positioned within North Scottsdale’s expanding “Headquarters Alley” corporate corridor. Located approximately 1 mile from Loop 101, the building provides access to the greater Phoenix freeway network and a population of 1.95 million within a 30-minute drive. Nearby amenities include Kierland Commons, Scottsdale Quarter, luxury resorts, golf clubs, Parque Scottsdale, and Scottsdale Airport immediately north of the property.
Key Highlights
- Approximately 42,947 SF two‑story freestanding office building
- Approximately 80% leased to small tenants averaging approximately 5,700 SF
- Owner‑user opportunity to occupy approximately 19,754 SF, or approximately 46% of the building
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
$679,925
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
6.35%
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%
$13,598,500
$13.6M
Cap Rate 7%
$9,713,214
$9.7M
Cap Rate 9%
$7,554,722
$7.6M
Market Conditions
NOI Build-Up for 42,947 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
$1.10M $25.68/SF
− Vacancy
−$196.3K −$4.57/SF
EGI
$906.6K $21.11/SF
− OpEx
−$226.6K −$5.28/SF
NOI
$679.9K $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%
$13,598,500
Cap Rate 7%
$9,713,214
Cap Rate 9%
$7,554,722
Alternative Uses
Best Use
Office B
$9.71M
$8.50M – $11.33M
NOI $679,925 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$14.10M
$12.34M – $16.45M
NOI $986,881 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
80%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,767
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 building - Owner-user opportunity with move-in-ready first-floor space and established small-tenant occupancy.
Where is this office building located?
The property is located at 15150 N Hayden Rd Scottsdale, AZ.
What is the asking price?
The asking price for this property is $10,700,000.
What are key features of this property?
This property features: Approximately 42,947 SF two‑story freestanding office building; Approximately 80% leased to small tenants averaging approximately 5,700 SF; Owner‑user opportunity to occupy approximately 19,754 SF, or approximately 46% of the building
