Building Details

Tenancy Single

Listing Agency: Menlo Group Commercial Real Estate Show Phone

Listed By: Ryan Edwards · License #SA697072000 Show Phone

Source: Moodyscre

Added: Oct 21 Changed: Oct 23 Last Checked: Oct 24 at 7:46PM

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Investment Insights

Based on property information with market context.

This medical office condominium has a dental buildout and is occupied by a dental tenant under a newly signed NNN lease with a 10-year term. The property is in Scottsdale, Arizona, near the intersection of Shea Boulevard and Scottsdale Road.

Key Highlights

• Dental office buildout
• Tenant lease has a 10‑year term and NNN structure
• Near the intersection of Shea Boulevard and Scottsdale Road

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$126,451

Cap Rate

8.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,529,020 $2.5M

Cap Rate 7%

$1,806,443 $1.8M

Cap Rate 9%

$1,405,011 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,870 SF

Gross rent

$234.2K $26.40/SF

− Vacancy

−$23.4K −$2.64/SF

EGI

$210.8K $23.76/SF

− OpEx

−$84.3K −$9.50/SF

NOI

$126.5K $14.26/SF

Area

Scottsdale, AZ

Vacancy

10.00%

Lease Rate

$26.40 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,529,020

Cap Rate 7%

$1,806,443

Cap Rate 9%

$1,405,011

Alternative Uses

Best Use

Office B

$2.01M

$1.76M – $2.34M (±1% cap)

NOI $140,427 @ 7.0% cap · market cap 9.52%

Second Best

Healthcare Medical

$1.81M

$1.58M – $2.11M (±1% cap)

NOI $126,451 @ 7.0% cap · market cap 8.57%

Theoretical Best

Retail

$2.91M

$2.55M – $3.40M (±1% cap)

NOI $203,824 @ 7.0% cap · market cap 13.82%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Dr. Jonathan Kalika Dental Office Dr. Owen M. ... Dental Office Lindgren Paula Foster Care Service SFI Law Group Law Firm Your Scottsdale Dentist Dental Office

Suggested Use

Top Pick Electrical Service Garden Center Building Supply Food Market Grocery & Convenience Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

2,252

Businesses Nearby

Well-served

Demand for This Use

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

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - A dental tenant occupies the built-out suite under a newly executed 10-year NNN agreement.

Where is this medical office space located?

The property is located at 6945 East Sahuaro Drive Scottsdale, AZ.

What is the asking price?

The asking price for this property is $1,475,000.

What are key features of this property?

This property features: Dental office buildout; Tenant lease has a 10‑year term and NNN structure; Near the intersection of Shea Boulevard and Scottsdale Road