Two-Story Office Condo
6920 E Shea Blvd Scottsdale, AZ 85254
6920 E Shea Blvd, Scottsdale, AZ, 85254
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For Sale
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Office condo in a two-story building, built in 2004, with prominent frontage and visibility on Shea Blvd.
Property Size2,331 SF
Price / SF$424
Days on Market90
Property Features for 6920 E Shea Blvd
General Information
- Standard status
- Active
- Size
- 2,331 SF
- Property subtype
- OFFICE
Listing agency
Avison Young | Phoenix
(480) 463-4199
Listed by
Kelly Carlon · License #SA669487000
Source
Moodyscre
Added: Apr 24 Updated: Jul 22 at 6:54AM Checked: Jul 22 at 6:54AM
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 Avison Young | Phoenix
Investment Insights
Based on property information with market context.
The subject property is an office condo located in a two-story office building constructed in 2004. The available space is designated as Suite 103.
The property is situated on E Shea Blvd in Central Scottsdale, about 3 miles southwest of Scottsdale Airport and less than 3 minutes west of Loop 101 (Pima Freeway). The surrounding area includes multiple medical providers, with Honor Health Scottsdale Shea Medical Center within 3 miles to the east, and Promenade retail, restaurants, and shopping within walking distance.
The building offers excellent frontage and visibility along heavily trafficked Shea Blvd.
The property is situated on E Shea Blvd in Central Scottsdale, about 3 miles southwest of Scottsdale Airport and less than 3 minutes west of Loop 101 (Pima Freeway). The surrounding area includes multiple medical providers, with Honor Health Scottsdale Shea Medical Center within 3 miles to the east, and Promenade retail, restaurants, and shopping within walking distance.
The building offers excellent frontage and visibility along heavily trafficked Shea Blvd.
Key Highlights
- Office condo in a two‑story office building built in 2004
- Located at 6920 E Shea Blvd, Suite 103, Scottsdale, AZ 85254
- Prominent frontage and visibility on heavily trafficked Shea Blvd
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.9k | $25.68 |
| − Vacancy | −$10.7k | −$4.57 |
| EGI | $49.2k | $21.11 |
| − OpEx | −$12.3k | −$5.28 |
| NOI | $36.9k | $15.83 |
2,331 SF · lease $25.68/SF/yr · vacancy 17.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$527.2K
$461.3K – $615.1K
NOI $36,904 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$765.2K
$669.6K – $892.7K
NOI $53,564 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Landmark Smiles of Scottsdale
Dental Office
Briggs Family Dentistry
Dental Office
Dr. Bradley A. Briggs, ...
Dental Office
AZ Sleep & Snoring ...
Medical Clinic
Connected Medical Center
Alternative Medicine Practice
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FAQs
What type of property is this?
Office units - Office condo in a two-story building, built in 2004, with prominent frontage and visibility on Shea Blvd.
Where is this office units located?
The property is located at 6920 E Shea Blvd Scottsdale, AZ.
What is the asking price?
The asking price for this property is $988,344.
What are key features of this property?
This property features: Office condo in a two‑story office building built in 2004; Located at 6920 E Shea Blvd, Suite 103, Scottsdale, AZ 85254; Prominent frontage and visibility on heavily trafficked Shea Blvd
