Office Building with Retail
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 Market48
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
Listed By:
Sean Lieb · License #742FA625-6C3D-44FC-A693-98BC8ACBDB82
(602) 491-9295
Source:
Tcnworldwide
Added: Aug 20
Changed: Oct 4
Last Checked: Oct 5 at 3:11PM
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 / Yr
$32,171
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
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
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 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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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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
