Contiguous Office Condominium
For Sale
Contact for pricing
33747 N Scottsdale Rd, Scottsdale, AZ 85266
Two contiguous office condominium suites totaling 2,285 SF with reception space, secure access, and individually metered utilities.
Property Size2,285 SF
Price / SF$361.05
Days on Market132
Property Features for 33747 N Scottsdale Rd
General Information
Standard status
Active
Size
2,285 SF
Class
Trophy
Property subtype
OFFICE
Additional Details
Utilities to Site
Yes
Office Units
2
Amenities
high quality reception area
expansive storefront windows
individually metered utilities
ADA compliant access
dedicated restrooms
high efficiency HVAC system
secure access and controlled entry
Listing Agency:
Commercial Properties Inc
(480) 966-2301
Listed By:
Craig Trbovich · License #SA571098000
(602) 549-4676
Source:
Moodyscre
Added: May 8
Changed: Sep 15
Last Checked: Sep 15 at 10:51AM
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 Commercial Properties Inc
Investment Insights
Based on property information with market context.
Two contiguous condominium suites totaling 2,285 square feet offer a flexible office layout designed for both private and collaborative work styles. The space includes a high-quality reception area for professional presentation, dedicated restrooms for convenience and privacy, and expansive storefront windows that bring in natural light.
The office is located at 33747 N Scottsdale Rd, Scottsdale, AZ 85266, within a professionally maintained, low-rise commercial complex. ADA-compliant access supports accessibility, and the building provides secure access with controlled entry.
Tenant comfort is supported by a high-efficiency HVAC system, and interior buildouts are described as flexible to accommodate varied tenant programming. Individually metered utilities allow for tenant billing transparency.
The office is located at 33747 N Scottsdale Rd, Scottsdale, AZ 85266, within a professionally maintained, low-rise commercial complex. ADA-compliant access supports accessibility, and the building provides secure access with controlled entry.
Tenant comfort is supported by a high-efficiency HVAC system, and interior buildouts are described as flexible to accommodate varied tenant programming. Individually metered utilities allow for tenant billing transparency.
Key Highlights
- Two contiguous office condominium suites totaling 2,285 SF
- High‑quality reception area for professional tenant presentation
- Private and collaborative office layouts for modern workforce
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
$36,175
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
4.38%
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%
$723,500
$723.5K
Cap Rate 7%
$516,786
$516.8K
Cap Rate 9%
$401,944
$401.9K
Market Conditions
NOI Build-Up for 2,285 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
$58.7K $25.68/SF
− Vacancy
−$10.4K −$4.57/SF
EGI
$48.2K $21.11/SF
− OpEx
−$12.1K −$5.28/SF
NOI
$36.2K $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%
$723,500
Cap Rate 7%
$516,786
Cap Rate 9%
$401,944
Alternative Uses
Best Use
Office B
$516.8K
$452.2K – $602.9K
NOI $36,175 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$750.1K
$656.3K – $875.1K
NOI $52,507 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Office units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Explore this area
Business Placement
Demographics for 85266, AZ
11,971
Population
6,454
Households
1.9
Avg Household Size
61
Median Age
67%
College-Educated
99%
High-School Grad
19.6 sq mi
ZIP Area
611
Density / Sq Mi
$157,137
Median Household Income
$97,070
Median Earnings
$3,050
Median Rent
$1,026,900
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?
Office units - Two contiguous office condominium suites totaling 2,285 SF with reception space, secure access, and individually metered utilities.
Where is this office units located?
The property is located at 33747 N Scottsdale Rd Scottsdale, AZ.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Two contiguous office condominium suites totaling 2,285 SF; High‑quality reception area for professional tenant presentation; Private and collaborative office layouts for modern workforce
