Office Building with Retail
New
For Sale
$1,000,000
7320 E 6th Ave, Scottsdale, AZ 85251
The property offers office space with stated retail and professional use potential in Old Town Scottsdale.
Property Size1,400 SF
Days on Market2
Property Features for 7320 E 6th Ave
General Information
Standard status
Active
Size
1,400 SF
Class
B
Property subtype
Office
Building Details
Building Size
1,400 SF
Year Built
1969
Buildings
1
Listing Agency:
LevRose Commercial Real Estate
(602) 491-9295
Listed By:
Sean Lieb · License #742FA625-6C3D-44FC-A693-98BC8ACBDB82
Source:
Tcnworldwide
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 21 at 6:22AM
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 LevRose Commercial Real Estate
Investment Insights
Based on property information with market context.
Built in 1969, this office property is also described for retail and professional uses, supporting a combination of commercial functions within one building. The asset is located at 7320 E 6th Ave in Scottsdale, Arizona, within Old Town Scottsdale.
Its setting places the property within an established area characterized by art, culture, and surrounding amenities. The building’s address and mixed office-retail positioning provide a clear basis for businesses seeking a Scottsdale commercial location.
Its setting places the property within an established area characterized by art, culture, and surrounding amenities. The building’s address and mixed office-retail positioning provide a clear basis for businesses seeking a Scottsdale commercial location.
Key Highlights
- Office property constructed in 1969
- Retail and professional uses are supported in the property description
- Located at 7320 E 6th Ave, Scottsdale, AZ 85251
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
$32,171
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
3.22%
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%
$643,420
$643.4K
Cap Rate 7%
$459,586
$459.6K
Cap Rate 9%
$357,456
$357.5K
Market Conditions
NOI Build-Up for 1,400 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
$47.0K $33.60/SF
− Vacancy
−$1.1K −$0.77/SF
EGI
$46.0K $32.83/SF
− OpEx
−$13.8K −$9.85/SF
NOI
$32.2K $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%
$643,420
Cap Rate 7%
$459,586
Cap Rate 9%
$357,456
Alternative Uses
Best Use
Retail
$459.6K
$402.1K – $536.2K
NOI $32,171 @ 7.0% cap · market cap 3.22%
Second Best
Office B
$316.6K
$277.1K – $369.4K
NOI $22,164 @ 7.0% cap · market cap 2.22%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,582
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
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Frequently Asked Questions
What type of property is this?
Office building - The property offers office space with stated retail and professional use potential in Old Town Scottsdale.
Where is this office building located?
The property is located at 7320 E 6th Ave Scottsdale, AZ.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Office property constructed in 1969; Retail and professional uses are supported in the property description; Located at 7320 E 6th Ave, Scottsdale, AZ 85251
