Two-Story Office Condo
For Sale
Contact for pricing
6920 E Shea Blvd, Scottsdale, AZ 85254
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 Market186
Property Features for 6920 E Shea Blvd
General Information
Standard status
Active
Size
2,331 SF
Class
B
Property subtype
Office
Zoning
C-0
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2004
Stories
2
Listing Agency:
Avison Young - Phoenix
Listed By:
Kelly Carlon · License #AZ SA669487000
(480) 463-4199
Source:
Crexi
Added: Apr 24
Changed: Oct 26
Last Checked: Oct 24 at 5:00PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,904
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,080
$738.1K
Cap Rate 7%
$527,200
$527.2K
Cap Rate 9%
$410,044
$410.0K
Market Conditions
NOI Build-Up for 2,331 SF
Gross rent
$59.9K $25.68/SF
− Vacancy
−$10.7K −$4.57/SF
EGI
$49.2K $21.11/SF
− OpEx
−$12.3K −$5.28/SF
NOI
$36.9K $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 Rate 5%
$738,080
Cap Rate 7%
$527,200
Cap Rate 9%
$410,044
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,325
Businesses Nearby
Explore this area
Business Placement
Demographics for 85254, AZ
46,352
Population
21,469
Households
2.2
Avg Household Size
45
Median Age
60%
College-Educated
97%
High-School Grad
13.7 sq mi
ZIP Area
3,383
Density / Sq Mi
$120,885
Median Household Income
$61,953
Median Earnings
$1,954
Median Rent
$701,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Office condo in a two-story building, built in 2004, with prominent frontage and visibility on Shea Blvd.
Where is this office unit 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
