Freestanding Office with Corner
For Sale
Contact for pricing
33765 N Scottsdale Rd, Scottsdale, AZ 85266
Freestanding office built in 2006 with corner exposure and 18 parking spaces.
Property Size5,203 SF
Price / SF$384.39
Days on Market702
Property Features for 33765 N Scottsdale Rd
General Information
Standard status
Active
Size
5,203 SF
Class
Class B
Total Parking Spaces
18
Property subtype
OFFICE
Zoning
S-R
Additional Details
Highway Access
Yes
Building Details
Year Built
2006
Buildings
1
Parking Ratio
4.5 per 1,000 SF
Listing Agency:
DAUM Commercial Real Estate Services | Phoenix
(602) 957-7300
Listed By:
Carter Wilson, SIOR, CCIM · License #BR663255000
(480) 225-1992
Source:
Moodyscre
Added: Oct 15, 2024
Changed: Sep 14
Last Checked: Sep 15 at 9:43AM
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.
Freestanding office offering corner exposure and a built-in 2006 construction date. The property has been used as a Coldwell Banker Real Estate office and is identified as a Class B building. Parking on site includes 18 spaces, with parking ratio noted as 4.5 per 1,000 square feet. The property is under S-R zoning.
Located just off the southeast corner of Scottsdale Rd and Carefree Hwy, the site provides convenient access for office users seeking nearby frontage on a major intersection area.
As a dedicated office building, the layout is suited to professional uses consistent with its prior office occupancy, with the on-site parking capacity supporting day-to-day arrival and customer or staff parking.
Located just off the southeast corner of Scottsdale Rd and Carefree Hwy, the site provides convenient access for office users seeking nearby frontage on a major intersection area.
As a dedicated office building, the layout is suited to professional uses consistent with its prior office occupancy, with the on-site parking capacity supporting day-to-day arrival and customer or staff parking.
Key Highlights
- Freestanding office building with corner exposure
- Built in 2006
- 18 parking spaces with 4.5 per 1,000 SF
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
$82,372
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
4.12%
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%
$1,647,440
$1.6M
Cap Rate 7%
$1,176,743
$1.2M
Cap Rate 9%
$915,244
$915.2K
Market Conditions
NOI Build-Up for 5,203 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
$133.6K $25.68/SF
− Vacancy
−$23.8K −$4.57/SF
EGI
$109.8K $21.11/SF
− OpEx
−$27.5K −$5.28/SF
NOI
$82.4K $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%
$1,647,440
Cap Rate 7%
$1,176,743
Cap Rate 9%
$915,244
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.37M
NOI $82,372 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.71M
$1.49M – $1.99M
NOI $119,560 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
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
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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 building - Freestanding office built in 2006 with corner exposure and 18 parking spaces.
Where is this office building located?
The property is located at 33765 N Scottsdale Rd 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: Freestanding office building with corner exposure; Built in 2006; 18 parking spaces with 4.5 per 1,000 SF
