Built-Out Salon Retail
For Sale
Contact for pricing
3920 N MILLER Road 103, Scottsdale, AZ 85251
Configured with hair and nail stations, a shampoo area, storage, restroom, and included utilities.
Property Size2,492 SF
Price / SF$0.42
Days on Market85
Property Features for 3920 N MILLER Road 103
General Information
Standard status
Active
Size
2,492 SF
Property subtype
Comm/Industry Lease
Amenities
private shampoo station
back storage/break room
private restroom
Listing Agency:
Century 21 Toma Partners
(602) 954-2000
Listed By:
Nickole Sparacia
(602) 290-3576
Source:
Kelliesellsaz
Added: Jul 25
Changed: Oct 14
Last Checked: Oct 16 at 8:44AM
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 Century 21 Toma Partners
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Investment Insights
Based on property information with market context.
This 2,492-square-foot retail space features an existing salon build-out designed for beauty-service operations. The interior includes 4 hair stations, 2 dedicated nail stations, a private shampoo station, back storage with break-room space, and a private restroom. Utilities are included, supporting a straightforward operating setup for an occupant seeking an established salon configuration.
The property is located at 3920 N Miller Road, Suite 103, in Scottsdale, Arizona, within the Old Town Scottsdale district. Its layout combines customer service areas with staff and support spaces in a single retail suite.
The property is located at 3920 N Miller Road, Suite 103, in Scottsdale, Arizona, within the Old Town Scottsdale district. Its layout combines customer service areas with staff and support spaces in a single retail suite.
Key Highlights
- 2,492‑square‑foot retail suite with an existing salon build‑out
- 4 hair stations and 2 dedicated nail stations
- Private shampoo station for salon operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,264
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,145,280
$1.1M
Cap Rate 7%
$818,057
$818.1K
Cap Rate 9%
$636,267
$636.3K
Market Conditions
NOI Build-Up for 2,492 SF
Gross rent
$83.7K $33.60/SF
− Vacancy
−$1.9K −$0.77/SF
EGI
$81.8K $32.83/SF
− OpEx
−$24.5K −$9.85/SF
NOI
$57.3K $22.98/SF
Area
Scottsdale, AZ
Vacancy
2.30%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,145,280
Cap Rate 7%
$818,057
Cap Rate 9%
$636,267
Alternative Uses
Best Use
Retail
$818.1K
$715.8K – $954.4K
NOI $57,264 @ 7.0% cap · market cap 5,453.71%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,548
Businesses Nearby
142k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 31%
Groceries 18%
Dining 18%
Shops & Services 17%
T.J. Maxx
Apparel
43,604 visits/mo
0.4 miles
Sprouts Farmers Market
Groceries
23,976 visits/mo
0.5 miles
Starbucks
Dining
14,982 visits/mo
0.4 miles
PetSmart
Shops & Services
14,634 visits/mo
0.4 miles
Cobblestone Auto Spa
Shops & Services
9,078 visits/mo
0.1 miles
Demographics for 85251, AZ
40,073
Population
26,456
Households
1.5
Avg Household Size
39
Median Age
60%
College-Educated
96%
High-School Grad
7.2 sq mi
ZIP Area
5,566
Density / Sq Mi
$89,151
Median Household Income
$60,282
Median Earnings
$1,771
Median Rent
$500,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Configured with hair and nail stations, a shampoo area, storage, restroom, and included utilities.
Where is this retail space located?
The property is located at 3920 N MILLER Road 103 Scottsdale, AZ.
What are key features of this property?
This property features: 2,492‑square‑foot retail suite with an existing salon build‑out; 4 hair stations and 2 dedicated nail stations; Private shampoo station for salon operations
