Corner Office
For Sale
$124,900
6730 E McDowell Rd Unit 118, Scottsdale, AZ 85257
Compact open-plan workspace with C-3 general commercial zoning and access to the 101 and 202 freeways.
Property Size300 SF
Price / SF$416.33
Days on Market21
Property Features for 6730 E McDowell Rd Unit 118
General Information
Standard status
Active
Size
300 SF
Zoning
C-3
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1974
Listing Agency:
West USA Realty
(480) 323-5462
Listed By:
James Wehner · License #BR557829000
Source:
Mendozateam
Added: Aug 8
Changed: Aug 28
Last Checked: Aug 28 at 12:57PM
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 West USA Realty
Investment Insights
Based on property information with market context.
This 300-square-foot office unit features an open layout within a professional office condominium setting. The property was built in 1974 and carries C-3 general commercial zoning. The compact configuration can accommodate the professional services, medical office, consulting, creative studio, and small retail uses identified for the space.
Located at 6730 E McDowell Rd Unit 118 in Scottsdale, the property occupies the corner of 68th St and McDowell Rd. Parking is available, with direct access to the 101 and 202 freeways. Sky Harbor Airport, Arizona State University, and Tempe Town Lake are each described as being minutes away.
Located at 6730 E McDowell Rd Unit 118 in Scottsdale, the property occupies the corner of 68th St and McDowell Rd. Parking is available, with direct access to the 101 and 202 freeways. Sky Harbor Airport, Arizona State University, and Tempe Town Lake are each described as being minutes away.
Key Highlights
- 300 sq ft open‑concept office unit
- C‑3 general commercial zoning
- Corner location at 68th St and McDowell Rd
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
$4,750
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
3.80%
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%
$95,000
$95.0K
Cap Rate 7%
$67,857
$67.9K
Cap Rate 9%
$52,778
$52.8K
Market Conditions
NOI Build-Up for 300 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
$7.7K $25.68/SF
− Vacancy
−$1.4K −$4.57/SF
EGI
$6.3K $21.11/SF
− OpEx
−$1.6K −$5.28/SF
NOI
$4.7K $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%
$95,000
Cap Rate 7%
$67,857
Cap Rate 9%
$52,778
Alternative Uses
Best Use
Office B
$67.9K
$59.4K – $79.2K
NOI $4,750 @ 7.0% cap · market cap 3.80%
Second Best
Healthcare Medical
$61.1K
$53.5K – $71.3K
NOI $4,277 @ 7.0% cap · market cap 3.42%
Theoretical Best
Retail
$98.5K
$86.2K – $114.9K
NOI $6,894 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
Explore this area
Business Placement
Demographics for 85257, AZ
29,187
Population
16,392
Households
1.8
Avg Household Size
39
Median Age
46%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
4,230
Density / Sq Mi
$79,828
Median Household Income
$54,580
Median Earnings
$1,812
Median Rent
$453,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Compact open-plan workspace with C-3 general commercial zoning and access to the 101 and 202 freeways.
Where is this office units located?
The property is located at 6730 E McDowell Rd Unit 118 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: 300 sq ft open‑concept office unit; C‑3 general commercial zoning; Corner location at 68th St and McDowell Rd
