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$379.50
Days on Market219
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
Listed By:
Amanda Wright · License #SA523963000
(480) 443-3992
Source:
Crexi
Added: Mar 12
Changed: Oct 10
Last Checked: Oct 16 at 7:42AM
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
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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 / Yr
$158,317
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
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
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 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 4.17%
Second Best
Healthcare Medical
$2.04M
$1.78M – $2.38M
NOI $142,560 @ 7.0% cap · market cap 3.76%
Theoretical Best
Retail
$3.28M
$2.87M – $3.83M
NOI $229,790 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
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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
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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?
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 $3,795,000.
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
