Four-Tenant Storefront
For Sale
$6,700,000
7050 E Main Street, Scottsdale, AZ 85251
Standalone retail property with C-2 zoning and full current occupancy.
Property Size9,418 SF
Days on Market352
Property Features for 7050 E Main Street
General Information
Standard status
Active
Size
9,418 SF
Property subtype
Commercial
Zoning
C-2
Occupancy
100%
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$8,862
Building Details
Building Size
9,418 SF
Year Built
1955
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Cutler Commercial
(602) 955-3500
Listed By:
Jim M Lieberthal · License #BR516852000
(602) 955-3500
Source:
Sunhaven-realestate
Added: Sep 4, 2025
Changed: Aug 17
Last Checked: Aug 20 at 1:56PM
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 Cutler Commercial
Investment Insights
Based on property information with market context.
This standalone retail building at 7050 E Main Street contains four tenant spaces and was constructed in 1955. The property is currently fully leased under short-term lease arrangements, providing an existing retail configuration for review by investors or prospective users.
The building occupies the corner of N. Marshall and E. Main Street in Scottsdale’s Old Town Art District. The property is zoned C-2 and includes parcels APN #130-12-068A and APN #130-12-069. Its location, existing storefront layout, and four-tenant configuration define the asset’s current commercial profile.
The building occupies the corner of N. Marshall and E. Main Street in Scottsdale’s Old Town Art District. The property is zoned C-2 and includes parcels APN #130-12-068A and APN #130-12-069. Its location, existing storefront layout, and four-tenant configuration define the asset’s current commercial profile.
Key Highlights
- Four‑tenant standalone retail building
- Fully leased with short‑term lease terms
- C‑2 zoning
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
$216,417
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
3.23%
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%
$4,328,340
$4.3M
Cap Rate 7%
$3,091,671
$3.1M
Cap Rate 9%
$2,404,633
$2.4M
Market Conditions
NOI Build-Up for 9,418 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
$316.4K $33.60/SF
− Vacancy
−$7.3K −$0.77/SF
EGI
$309.2K $32.83/SF
− OpEx
−$92.7K −$9.85/SF
NOI
$216.4K $22.98/SF
Area
Scottsdale, AZ
Vacancy
2.30%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
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%
$4,328,340
Cap Rate 7%
$3,091,671
Cap Rate 9%
$2,404,633
Alternative Uses
Best Use
Retail
$3.09M
$2.71M – $3.61M
NOI $216,417 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,238
Businesses Nearby
84k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 52%
Shops & Services 31%
Dining 14%
Home Improvements & Furnishings 2%
Safeway
Groceries
43,922 visits/mo
0.5 miles
Circle K
Shops & Services
22,509 visits/mo
0.4 miles
Wok & Roll
Dining
6,826 visits/mo
0.5 miles
Pizza Hut
Dining
4,477 visits/mo
0.5 miles
The UPS Store
Shops & Services
3,634 visits/mo
0.4 miles
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Flowers by Coley — 7620 E Indian School Rd #108, Scottsdale, AZ 85251
Frequently Asked Questions
What type of property is this?
Storefront property - Standalone retail property with C-2 zoning and full current occupancy.
Where is this storefront property located?
The property is located at 7050 E Main Street Scottsdale, AZ.
What is the asking price?
The asking price for this property is $6,700,000.
What are key features of this property?
This property features: Four‑tenant standalone retail building; Fully leased with short‑term lease terms; C‑2 zoning
