Freestanding Office Building with Secured
For Sale
$990,000
7039 E 6th Street, Scottsdale, AZ 85251
Freestanding office building with a secured yard and the flexibility to operate as one or two suites.
Property Size1,800 SF
Price / SF$550
Days on Market50
Property Features for 7039 E 6th Street
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Retail
Zoning
C-3
Building Details
Building Size
1,800 SF
Year Built
1985
Listing Agency:
SRS Real Estate Partners | Phoenix
(602) 369-1368
Listed By:
Scott Ellsworth · License #.SA116826000
(602) 369-1368
Source:
Srsre
Added: Jun 28
Changed: Aug 8
Last Checked: Aug 16 at 3:00AM
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 SRS Real Estate Partners | Phoenix
Investment Insights
Based on property information with market context.
The property at 7039 E. 6th Street is a freestanding office building offering approximately 1,800 square feet and includes a secured yard. The space can be configured as one contiguous office or separated into two 900-square-foot suites, with each suite having dedicated front and rear doors, restroom, and an electrical panel.
Situated in the South Scottsdale submarket, the building is described as an urban infill location with convenient access to Old Town Scottsdale and nearby residential neighborhoods. The surrounding area includes a mix of everyday retail, dining, and service amenities, and the property is located near major Scottsdale corridors.
Zoned C-3 and identified as being in an opportunity zone, the building is well suited for an owner-user seeking a small, self-contained office property, as well as investors looking for a flexible two-suite setup. The dedicated entrances and separation support independent operation, while the secured yard adds practicality for day-to-day use.
Situated in the South Scottsdale submarket, the building is described as an urban infill location with convenient access to Old Town Scottsdale and nearby residential neighborhoods. The surrounding area includes a mix of everyday retail, dining, and service amenities, and the property is located near major Scottsdale corridors.
Zoned C-3 and identified as being in an opportunity zone, the building is well suited for an owner-user seeking a small, self-contained office property, as well as investors looking for a flexible two-suite setup. The dedicated entrances and separation support independent operation, while the secured yard adds practicality for day-to-day use.
Key Highlights
- 1,800 SF freestanding office building (year built 1985) with a secured yard in South Scottsdale
- Can be separated into two 900 SF suites, each with dedicated front and rear door, restroom, and electrical panel
- C‑3 zoning in an urban infill location near E. 6th St and N. Goldwater Blvd
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
$28,497
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
2.88%
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%
$569,940
$569.9K
Cap Rate 7%
$407,100
$407.1K
Cap Rate 9%
$316,633
$316.6K
Market Conditions
NOI Build-Up for 1,800 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
$46.2K $25.68/SF
− Vacancy
−$8.2K −$4.57/SF
EGI
$38.0K $21.11/SF
− OpEx
−$9.5K −$5.28/SF
NOI
$28.5K $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%
$569,940
Cap Rate 7%
$407,100
Cap Rate 9%
$316,633
Alternative Uses
Best Use
Office B
$407.1K
$356.2K – $475.0K
NOI $28,497 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$590.9K
$517.0K – $689.4K
NOI $41,362 @ 7.0% cap · market cap 4.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,196
Businesses Nearby
Explore this area
Business Placement
Demographics for 85251, AZ
40,073
Population
26,456
Households
1.5
Avg Household Size
39
Median Age
60%
College-Educated
96%
High-School Grad
7.2 sq mi
ZIP Area
5,566
Density / Sq Mi
$89,151
Median Household Income
$60,282
Median Earnings
$1,771
Median Rent
$500,700
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 - Freestanding office building with a secured yard and the flexibility to operate as one or two suites.
Where is this office units located?
The property is located at 7039 E 6th Street Scottsdale, AZ.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 1,800 SF freestanding office building (year built 1985) with a secured yard in South Scottsdale; Can be separated into two 900 SF suites, each with dedicated front and rear door, restroom, and electrical panel; C‑3 zoning in an urban infill location near E. 6th St and N. Goldwater Blvd
