Office
7098 East Cochise Road, Scottsdale, AZ 85253
For Sale
New
$6,250,000
The building’s office layout can accommodate either a single occupant or multiple tenants.
Property Size22,910 SF
Price / SF$272.81
Days on Market6
Property Features for 7098 East Cochise Road
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Lee & Associates | Phoenix
Listed By:
Marcus Muirhead
(602) 474-9589
Source:
Lee-associates
Added: Nov 4
Last Checked: Nov 8 at 3:50AM
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 Lee & Associates | Phoenix
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 22,910-square-foot office building was constructed in 1998. Its layout supports single-tenant or multi-tenant occupancy, offering flexibility in how the office space is configured.
Located at 7098 East Cochise Road in Scottsdale, Arizona, the property is presented as an office asset for sale.
Located at 7098 East Cochise Road in Scottsdale, Arizona, the property is presented as an office asset for sale.
Key Highlights
- 22,910 SF office building
- Built in 1998
- Layout supports single‑tenant or multi‑tenant occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$362,705
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,254,100
$7.3M
Cap Rate 7%
$5,181,500
$5.2M
Cap Rate 9%
$4,030,056
$4.0M
Market Conditions
NOI Build-Up for 22,910 SF
Gross rent
$588.3K $25.68/SF
− Vacancy
−$104.7K −$4.57/SF
EGI
$483.6K $21.11/SF
− OpEx
−$120.9K −$5.28/SF
NOI
$362.7K $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%
$7,254,100
Cap Rate 7%
$5,181,500
Cap Rate 9%
$4,030,056
Alternative Uses
Best Use
Office B
$5.18M
$4.53M – $6.05M
NOI $362,705 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$7.52M
$6.58M – $8.77M
NOI $526,450 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,324
Businesses Nearby
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Business Placement
Demographics for 85253, AZ
17,358
Population
8,815
Households
2
Avg Household Size
53
Median Age
71%
College-Educated
98%
High-School Grad
18.1 sq mi
ZIP Area
959
Density / Sq Mi
$182,150
Median Household Income
$79,848
Median Earnings
$1,935
Median Rent
$2,000,001
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Scottsdale
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - The building’s office layout can accommodate either a single occupant or multiple tenants.
Where is this office building located?
The property is located at 7098 East Cochise Road Scottsdale, AZ.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: 22,910 SF office building; Built in 1998; Layout supports single‑tenant or multi‑tenant occupancy
