Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Old Town Scottsdale Retail Opportunity Title is generated by Realmo AI

    3831 N Scottsdale Rd, Scottsdale, AZ

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Prime retail space in a vibrant, high-traffic Scottsdale location.

    Type:RETAIL
    Property size:
    8,315 SF
    Lot size:
    0.20 Acres
    Added:
    Mar 4, 2024
    Days on Market:
    823
    Last Refresh:
    May 20 at 8:09 pm

    Property Features for 3831 N Scottsdale Rd

    General Information

    Standard status
    Active
    Size
    8,315 SF
    Lot size
    0.20 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 3831 N Scottsdale Rd Contact us

    We can help!

    Listing Contact
    LeDonna Spongberg

    Listing agent LeDonna Spongberg

    Listing office Edge Realty Partners - Phoenix

    Listing date Mar 4, 2024

    Source Moodyscre

    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 Edge Realty Partners - Phoenix

    HighLights

    • Irreplaceable real estate - famous historic building
    • High volume pedestrian foot traffic in a vibrant, walkable street environment
    • Old Town Scottsdale is an international tourism destination
    • High Daytime Population (+304,000) within a 5 Mile Radius
    • 4.7 Million annual visitors to the intersection (Placer.ai)
    • For Lease or Redevelopment

    Overview

    This 8,315 square foot retail property is available for lease or redevelopment in Old Town Scottsdale, an international tourism destination. The property benefits from a vibrant and walkable street environment with high pedestrian foot traffic. The location has a high daytime population of over 304,000 within a 5-mile radius. This is an irreplaceable real estate opportunity in a famous historic building. The intersection sees 4.7 million annual visitors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Law Firm Real Estate Agency Dental Office Spa & Massage Center Hair Salon Building Supply Nail Salon Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • SEED LUXE FLORAL — 4151 N Marshall Way Suite 9a, Scottsdale, AZ 85251
    • Flower Bar — 4200 N Craftsman Ct, Scottsdale, AZ 85251
    • Flower Bar (By Appointment Or Chance) — 4200 n craftsman ct, scottsdale, az 85251
    • Juliet Le Fleur — 7021 E Main St, Scottsdale, AZ 85251
    • Four Ivy's — 7504 E 1st St, Scottsdale, AZ 85251

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.926
    Latitude
    33.4925

    Nearby Similar for Lease

    • $129-$5,546/Mo
      11-1,292 SF

      AZ, Scottsdale - Scottsdale Quarter

      15169 Scottsdale Rd, Scottsdale, AZ 85260
      View Details
    • $129-$4,407/Mo
      11-1,292 SF

      Scottsdale Financial Center III

      7272 Indian School Rd, Unit 540, Scottsdale, AZ 85251
      View Details
    • $129-$5,293/Mo
      11-1,292 SF

      AZ, Scottsdale - N 92nd St

      10101 92Nd St, Unit 201, Scottsdale, AZ 85258
      View Details
    • $129-$8,416/Mo
      11-1,292 SF

      Promenade Corporate Center

      16427 Scottsdale Rd, Unit 410, Scottsdale, AZ 85254
      View Details
    • $129-$5,004/Mo
      11-1,292 SF

      Raintree Corporate Center

      15333 Pima Rd, Unit 305, Scottsdale, AZ 85260
      View Details
    • $129-$5,076/Mo
      11-1,292 SF

      Spaces Old Town Galleria

      4343 Scottsdale Rd, Scottsdale, AZ 85251
      View Details
    • $129-$6,766/Mo
      11-1,292 SF

      Camelback Square

      6991 Camelback Rd, Unit D-300, Scottsdale, AZ 85251
      View Details
    • $129-$4,581/Mo
      11-1,292 SF

      Fashion Square

      7150 Camelback Rd, Unit 444, Scottsdale, AZ 85251
      View Details
    • Sponsored
      $129-$3,716/Mo
      11-1,292 SF

      Gainey Ranch

      7702 Doubletree Ranch Rd, Unit 300, Scottsdale, AZ 85258
      View Details
    • $22 SF/Yr
      2,563 SF

      Scottsdale Office Condo For Lease

      2,563 SF office condo in Hayden Business Center.
      14201 N Hayden Rd #A4, Scottsdale, AZ 85260
      View Details
    • $1.70 SF/Yr
      20,826 SF

      Scottsdale Airpark Freestanding Building

      20,826 SF freestanding building in Scottsdale Airpark for lease.
      7681 E. Gray Road, Scottsdale, AZ 85260
      View Details
    • $29 SF/Yr
      11,304 SF

      Scottsdale Medical Office Space Available

      Premier medical office space in thriving Scottsdale healthcare corridor.
      7221 East Princess Drive, Scottsdale, AZ, 85255
      View Details

    FAQs

    What type of property is this?
    Storefront property - Prime retail space in a vibrant, high-traffic Scottsdale location.
    Where is this storefront property located?
    The property is located at 3831 N Scottsdale Rd Scottsdale, AZ.
    What are key features of this property?
    This property features: Irreplaceable real estate - **famous historic building**; High volume pedestrian foot traffic in a vibrant, walkable street environment; Old Town Scottsdale is an international tourism destination
    (480) 650-8434 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    LeDonna Spongberg
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3831 N Scottsdale Rd, Scottsdale, AZ
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!