Office Building with Spec
For Sale
$5,250,000
6613 N Scottsdale Rd, Scottsdale, AZ 85250
Suite 101 provides newly constructed office space within a flexible owner-user configuration.
Property Size15,171 SF
Days on Market75
Property Features for 6613 N Scottsdale Rd
General Information
Standard status
Active
Size
15,171 SF
Class
B
Property subtype
Office
Building Details
Building Size
15,171 SF
Year Built
1986
Listing Agency:
LevRose Commercial Real Estate
(480) 421-8822
Listed By:
Hunter Chasse · License #SA657832000
(480) 421-8822
Source:
Tcnworldwide
Added: Jun 17
Changed: Aug 30
Last Checked: Aug 30 at 5:47AM
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 LevRose Commercial Real Estate
Investment Insights
Based on property information with market context.
This office property was built in 1986 and includes flexible suite configurations for an owner-user. Suite 101 is a newly constructed spec suite, while additional space may be leased to help offset occupancy costs.
The building fronts N. Scottsdale Road and offers prominent building signage opportunities. Pull-up parking is available throughout the property, supporting convenient access for occupants and visitors.
The building fronts N. Scottsdale Road and offers prominent building signage opportunities. Pull-up parking is available throughout the property, supporting convenient access for occupants and visitors.
Key Highlights
- Suite 101 is a newly constructed spec suite
- Flexible suite configurations support owner‑user occupancy
- Additional space may be leased to offset occupancy costs
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
$240,183
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
4.57%
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%
$4,803,660
$4.8M
Cap Rate 7%
$3,431,186
$3.4M
Cap Rate 9%
$2,668,700
$2.7M
Market Conditions
NOI Build-Up for 15,171 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
$389.6K $25.68/SF
− Vacancy
−$69.3K −$4.57/SF
EGI
$320.2K $21.11/SF
− OpEx
−$80.1K −$5.28/SF
NOI
$240.2K $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%
$4,803,660
Cap Rate 7%
$3,431,186
Cap Rate 9%
$2,668,700
Alternative Uses
Best Use
Office B
$3.43M
$3.00M – $4.00M
NOI $240,183 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$4.98M
$4.36M – $5.81M
NOI $348,615 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,212
Businesses Nearby
Explore this area
Business Placement
Demographics for 85250, AZ
16,501
Population
10,066
Households
1.6
Avg Household Size
48
Median Age
58%
College-Educated
98%
High-School Grad
8.4 sq mi
ZIP Area
1,964
Density / Sq Mi
$89,133
Median Household Income
$65,984
Median Earnings
$1,762
Median Rent
$507,500
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 - Suite 101 provides newly constructed office space within a flexible owner-user configuration.
Where is this office building located?
The property is located at 6613 N Scottsdale Rd Scottsdale, AZ.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Suite 101 is a newly constructed spec suite; Flexible suite configurations support owner‑user occupancy; Additional space may be leased to offset occupancy costs
