Leased Medical Office
7304 E Deer Valley Road, Scottsdale, AZ 85255
For Sale
Contact for pricing
Pending
Two medical practices occupy the building, including an imaging provider established there in 2007.
Property Size7,190 SF
Days on Market56
Property Features for 7304 E Deer Valley Road
General Information
Standard status
Size
Property subtype
Occupancy
Financials
Asking Price
Gross Income
Additional Details
Highway Access
Building Details
Year Built
Tenancy
Listing Agency:
Kidder Mathews
Listed By:
Zack Harris · License AZ SA709469000
(602) 513-5121
Source:
Crexi
Added: Sep 17
Changed: Oct 25
Last Checked: Nov 10 at 7:04AM
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 Kidder Mathews
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Investment Insights
Based on property information with market context.
This 7,190-square-foot medical office property was built in 2006 and is fully leased. SimonMed Imaging has occupied a purpose-built imaging suite since 2007. Desert Spine and Sports Physicians has a five-year lease beginning August 2025, with contractual annual increases of 3%. The property’s leases present rollover in 2029–2030.
The building is one block north of HonorHealth Scottsdale Thompson Peak Medical Center and offers access to Loop 101. Its address is 7304 E Deer Valley Road in Scottsdale, Arizona.
The building is one block north of HonorHealth Scottsdale Thompson Peak Medical Center and offers access to Loop 101. Its address is 7304 E Deer Valley Road in Scottsdale, Arizona.
Key Highlights
- 7,190‑square‑foot medical office property built in 2006
- Fully leased to SimonMed Imaging and Desert Spine and Sports Physicians
- SimonMed Imaging has occupied its purpose‑built suite since 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,830
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,276,600
$2.3M
Cap Rate 7%
$1,626,143
$1.6M
Cap Rate 9%
$1,264,778
$1.3M
Market Conditions
NOI Build-Up for 7,190 SF
Gross rent
$184.6K $25.68/SF
− Vacancy
−$32.9K −$4.57/SF
EGI
$151.8K $21.11/SF
− OpEx
−$37.9K −$5.28/SF
NOI
$113.8K $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%
$2,276,600
Cap Rate 7%
$1,626,143
Cap Rate 9%
$1,264,778
Alternative Uses
Best Use
Office B
$1.63M
$1.42M – $1.90M
NOI $113,830 @ 7.0% cap · market cap 3.23%
Second Best
Healthcare Medical
$1.46M
$1.28M – $1.71M
NOI $102,501 @ 7.0% cap · market cap 2.91%
Theoretical Best
Retail
$2.36M
$2.07M – $2.75M
NOI $165,219 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85255, AZ
44,976
Population
23,016
Households
2
Avg Household Size
51
Median Age
68%
College-Educated
98%
High-School Grad
88.2 sq mi
ZIP Area
510
Density / Sq Mi
$143,567
Median Household Income
$93,339
Median Earnings
$2,401
Median Rent
$975,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Medical Office Space in Scottsdale
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two medical practices occupy the building, including an imaging provider established there in 2007.
Where is this medical office space located?
The property is located at 7304 E Deer Valley Road Scottsdale, AZ.
What is the asking price?
The asking price for this property is $3,520,000.
What are key features of this property?
This property features: 7,190‑square‑foot medical office property built in 2006; Fully leased to SimonMed Imaging and Desert Spine and Sports Physicians; SimonMed Imaging has occupied its purpose‑built suite since 2007
