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Building Details

Buildings 1

Stories 4

Listing Agency: eXp Commercial

Listed By: Brett Skotnick · License #SA695220000 Show Phone

Source: Expcommercial

Added: Feb 13, 2025 Changed: Oct 15 Last Checked: Oct 14 at 7:34PM

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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 eXp Commercial

Investment Insights

Based on property information with market context.

This four-story live-work property combines a ground-floor office with residential space on the upper levels. The building measures 3,094 square feet and includes 408 square feet of outdoor living space. The office has PCP zoning and a roll-up garage door, while the second floor contains a kitchen and living area. Three en suite bedrooms occupy the third and fourth floors, and a private elevator connects the building’s levels. A top-floor great room opens to a rooftop patio with McDowell Mountain views. The property also includes a private two-car garage.

Located in Scottsdale, Arizona, the unit is positioned near the city’s business and entertainment districts. Its integrated office and residential layout provides a distinct work area with living accommodations directly above, along with outdoor space and rooftop access.

Key Highlights

• 3,094‑square‑foot four‑story live‑work unit
• 408 square feet of outdoor living space
• Ground‑floor office with PCP zoning and roll‑up garage door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,983

Cap Rate

4.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$979,660 $979.7K

Cap Rate 7%

$699,757 $699.8K

Cap Rate 9%

$544,256 $544.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,094 SF

Gross rent

$79.5K $25.68/SF

− Vacancy

−$14.1K −$4.57/SF

EGI

$65.3K $21.11/SF

− OpEx

−$16.3K −$5.28/SF

NOI

$49.0K $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 Rate 5%

$979,660

Cap Rate 7%

$699,757

Cap Rate 9%

$544,256

Alternative Uses

Best Use

Office B

$699.8K

$612.3K – $816.4K (±1% cap)

NOI $48,983 @ 7.0% cap · market cap 4.90%

Second Best

Mixed Use

$623.2K

$545.3K – $727.1K (±1% cap)

NOI $43,625 @ 7.0% cap · market cap 4.36%

Theoretical Best

Retail

$1.02M

$888.7K – $1.18M (±1% cap)

NOI $71,097 @ 7.0% cap · market cap 7.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

S & V Urban ... Restaurant FROGS Physical Therapy Medical Clinic Andrew Clary, PT Physician Catclar Investments Construction Company Creative Tea Room Restaurant

Suggested Use

Top Pick Garden Center Grocery & Convenience Store Daycare Center Locksmith (Bike/Boat/Book/etc) Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Office units

Location Intelligence

Trade Area within ½ mile

1,581

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

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Live-work space - Ground-level office space with a roll-up door is paired with residential rooms and shared living areas above.

Where is this live-work space located?

The property is located at 16580 North 92nd Street Unit 1003 Scottsdale, AZ.

What is the asking price?

The asking price for this property is $1,000,000.

What are key features of this property?

This property features: 3,094‑square‑foot four‑story live‑work unit; 408 square feet of outdoor living space; Ground‑floor office with PCP zoning and roll‑up garage door