Medical Office with Flex
For Sale
Contact for pricing
16601 N 90th St, Scottsdale, AZ 85260
Medical-oriented facility with exam rooms, private offices, classroom space, and dual-entry access for potential multi-tenant use.
Property Size10,000 SF
Price / SF$390
Days on Market174
Property Features for 16601 N 90th St
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Office
Investment Type
Owner/User
Building Details
Buildings
1
Listing Agency:
Shell Commercial Investment Real Estate
(480) 443-3992
Listed By:
Amanda Wright · License #SA523963000
Source:
Crexi
Added: Mar 12
Changed: Aug 30
Last Checked: Mar 26 at 12:30AM
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 10,000-square-foot medical office property includes a reception area, multiple exam and procedure rooms with sinks, private offices, and a large classroom or flex area. Additional improvements include a break and kitchen area, four private restrooms, and a sound booth. Two separate entry points support a multi-tenant configuration. A roof replacement is currently under construction.
The property is at 16601 N 90th St in Scottsdale, immediately off Loop 101 near Bell Road. It is adjacent to Mack Innovation Park, identified as a ±125-acre mixed-use business park. The space has historically operated for medical use, while the existing layout may also accommodate storage use if a roll-up door is added; the original door was removed.
The property is at 16601 N 90th St in Scottsdale, immediately off Loop 101 near Bell Road. It is adjacent to Mack Innovation Park, identified as a ±125-acre mixed-use business park. The space has historically operated for medical use, while the existing layout may also accommodate storage use if a roll-up door is added; the original door was removed.
Key Highlights
- 10,000 square feet of medical office space
- Multiple exam and procedure rooms equipped with sinks
- Two entry points support potential multi‑tenant use
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
$158,317
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
4.06%
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%
$3,166,340
$3.2M
Cap Rate 7%
$2,261,671
$2.3M
Cap Rate 9%
$1,759,078
$1.8M
Market Conditions
NOI Build-Up for 10,000 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
$256.8K $25.68/SF
− Vacancy
−$45.7K −$4.57/SF
EGI
$211.1K $21.11/SF
− OpEx
−$52.8K −$5.28/SF
NOI
$158.3K $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%
$3,166,340
Cap Rate 7%
$2,261,671
Cap Rate 9%
$1,759,078
Alternative Uses
Best Use
Office B
$2.26M
$1.98M – $2.64M
NOI $158,317 @ 7.0% cap · market cap 4.06%
Second Best
Healthcare Medical
$2.04M
$1.78M – $2.38M
NOI $142,560 @ 7.0% cap · market cap 3.66%
Theoretical Best
Retail
$3.28M
$2.87M – $3.83M
NOI $229,790 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,036
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- VCA Animal Hospitals Urgent Care - Scottsdale — 15815 N Frank Lloyd Wright Blvd, Scottsdale, AZ 85260
- Animal Medical & Surgical Center — 17477 N 82nd St, Scottsdale, AZ 85255
- The ANIC @ Animal Medical & Surgical Center — 17477 N 82nd St, Scottsdale, AZ 85255
- Alice Specialist Vet — 17477 N 82nd St, Scottsdale, AZ 85255
- Pet Cancer Care Consulting — 17819 N 93rd Pl, Scottsdale, AZ 85255
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical-oriented facility with exam rooms, private offices, classroom space, and dual-entry access for potential multi-tenant use.
Where is this medical office space located?
The property is located at 16601 N 90th St Scottsdale, AZ.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 10,000 square feet of medical office space; Multiple exam and procedure rooms equipped with sinks; Two entry points support potential multi‑tenant use
