Standalone Office Condo
For Sale
Contact for pricing
33765 N Scottsdale Rd BLDG B, Scottsdale, AZ 85266
Two office condo buildings built in 2006 with reserved covered parking and flexible office or medical use zoning.
Property Size5,306 SF
Price / SF$376.93
Days on Market320
Property Features for 33765 N Scottsdale Rd BLDG B
General Information
Standard status
Active
Size
5,306 SF
Class
B
Property subtype
Office
Zoning
PCD, Scottsdale
Investment Type
Owner/User
Building Details
Year Built
2006
Buildings
1
Units
4
Listing Agency:
DAUM Commercial Real Estate Services Phoenix
(480) 225-1992
Listed By:
Carter Wilson, SIOR, CCIM · License #AZ BR663255000
Source:
Crexi
Added: Oct 7, 2025
Changed: Aug 14
Last Checked: Aug 21 at 6:56PM
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 DAUM Commercial Real Estate Services Phoenix
Investment Insights
Based on property information with market context.
Introducing Scottsdale office condo buildings at 33765 N. Scottsdale Rd, Building A & B. Each building is a standalone office condo and may be sold separately. Both offer reserved covered parking and were built in 2006.
Building A features a layout with private offices and a reception area, formerly configured for a Coldwell Banker office. Building B includes private offices and a large conference room, previously occupied by Century 21.
Located in the City of Scottsdale and zoned S-R, these office condos can serve multiple office or medical users. Acquiring both buildings would total approximately 10,500 square feet.
Building A features a layout with private offices and a reception area, formerly configured for a Coldwell Banker office. Building B includes private offices and a large conference room, previously occupied by Century 21.
Located in the City of Scottsdale and zoned S-R, these office condos can serve multiple office or medical users. Acquiring both buildings would total approximately 10,500 square feet.
Key Highlights
- Two standalone office condo buildings at 33765 N. Scottsdale Rd (Building A & B), built in 2006
- Each building can be sold separately, offering flexibility for ownership or leasing
- Reserved covered parking is included for the properties
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
$84,003
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
4.20%
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%
$1,680,060
$1.7M
Cap Rate 7%
$1,200,043
$1.2M
Cap Rate 9%
$933,367
$933.4K
Market Conditions
NOI Build-Up for 5,306 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
$136.3K $25.68/SF
− Vacancy
−$24.3K −$4.57/SF
EGI
$112.0K $21.11/SF
− OpEx
−$28.0K −$5.28/SF
NOI
$84.0K $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 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%
$1,680,060
Cap Rate 7%
$1,200,043
Cap Rate 9%
$933,367
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $84,003 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.74M
$1.52M – $2.03M
NOI $121,927 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
377
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two office condo buildings built in 2006 with reserved covered parking and flexible office or medical use zoning.
Where is this office building located?
The property is located at 33765 N Scottsdale Rd BLDG B Scottsdale, AZ.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Two standalone office condo buildings at 33765 N. Scottsdale Rd (Building A & B), built in 2006; Each building can be sold separately, offering flexibility for ownership or leasing; Reserved covered parking is included for the properties
