Medical Office
New
For Sale
$720,000
33777 N Scottsdale Rd Unit 105, Scottsdale, AZ 85266
Built in 2006, this office condominium is part of a garden-style office park near Scottsdale shopping, dining, and recreation.
Property Size4,373 SF
Price / SF$164.65
Days on Market5
Property Features for 33777 N Scottsdale Rd Unit 105
General Information
Standard status
Active
Size
4,373 SF
Property subtype
Commercial
Building Details
Year Built
2006
Listing Agency:
HomeSmart Lifestyles
Listed By:
Don Graham · License #BR020298000
(480) 363-4123
Source:
Myphoenixhomesource
Added: Oct 7
Changed: Oct 11
Last Checked: Oct 11 at 6:35AM
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 HomeSmart Lifestyles
Investment Insights
Based on property information with market context.
This medical office condominium was built in 2006 and is located within a garden-style office park of approximately 74,000 SF. Concept plans are available for review. Medical equipment may be acquired separately through a Bill of Sale.
The property is in Scottsdale, near golf courses, hiking trails, resorts, shopping, and restaurants.
The property is in Scottsdale, near golf courses, hiking trails, resorts, shopping, and restaurants.
Key Highlights
- 2006 construction
- Located within an approximately 74,000 SF garden office park
- Medical equipment available separately through a Bill of Sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,341
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,246,820
$1.2M
Cap Rate 7%
$890,586
$890.6K
Cap Rate 9%
$692,678
$692.7K
Market Conditions
NOI Build-Up for 4,373 SF
Gross rent
$115.4K $26.40/SF
− Vacancy
−$11.5K −$2.64/SF
EGI
$103.9K $23.76/SF
− OpEx
−$41.6K −$9.50/SF
NOI
$62.3K $14.26/SF
Area
Scottsdale, AZ
Vacancy
10.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,246,820
Cap Rate 7%
$890,586
Cap Rate 9%
$692,678
Alternative Uses
Best Use
Office B
$989.0K
$865.4K – $1.15M
NOI $69,232 @ 7.0% cap · market cap 9.62%
Second Best
Healthcare Medical
$890.6K
$779.3K – $1.04M
NOI $62,341 @ 7.0% cap · market cap 8.66%
Theoretical Best
Retail
$1.44M
$1.26M – $1.67M
NOI $100,487 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
- Animal Hospital At Terravita — 34462 N Scottsdale Rd Suite 100, Scottsdale, AZ 85266
Frequently Asked Questions
What type of property is this?
Medical Office Space - Built in 2006, this office condominium is part of a garden-style office park near Scottsdale shopping, dining, and recreation.
Where is this medical office space located?
The property is located at 33777 N Scottsdale Rd Unit 105 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: 2006 construction; Located within an approximately 74,000 SF garden office park; Medical equipment available separately through a Bill of Sale
