Contiguous Office
For Sale
Contact for pricing
7900 E Thompson Peak Pkwy Suites 104 & 105, Scottsdale, AZ 85255
The offering combines C-O zoning with two adjacent office suites for owner-user occupancy and existing tenancy.
Property Size2,528 SF
Price / SF$430
Days on Market33
Property Features for 7900 E Thompson Peak Pkwy Suites 104 & 105
General Information
Standard status
Active
Size
2,528 SF
Class
B
Property subtype
Office
Zoning
C-O
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Office Units
2
Building Details
Year Built
2001
Units
2
Tenancy
Multi
Listing Agency:
Commercial Properties Inc.
Listed By:
Eric Butler · License #AZ BR515583000
(480) 522-2813
Source:
Crexi
Added: Aug 11
Changed: Sep 7
Last Checked: Sep 12 at 4:33AM
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 Commercial Properties Inc.
Investment Insights
Based on property information with market context.
The Offices at Grayhawk includes two contiguous office suites totaling 2,528 square feet within a 2001-built property. Suite 104 is vacant for owner-user occupancy, while Suite 105 has an established tenant, creating a combined configuration for business use and tenancy. The property is zoned C-O.
Located at 7900 E Thompson Peak Pkwy in Scottsdale, the suites are near E Thompson Peak Pkwy and Hayden Rd. Nearby healthcare facilities include HonorHealth Scottsdale Thompson Peak Medical Center, HonorHealth Thompson Peak Primary Care, and the Mayo Clinic. The property also offers access to the Loop 101 Freeway and is near Scottsdale Airport, ASU Health Futures Center, Scottsdale Promenade, Optima McDowell Mountain, and Vi at Grayhawk.
Located at 7900 E Thompson Peak Pkwy in Scottsdale, the suites are near E Thompson Peak Pkwy and Hayden Rd. Nearby healthcare facilities include HonorHealth Scottsdale Thompson Peak Medical Center, HonorHealth Thompson Peak Primary Care, and the Mayo Clinic. The property also offers access to the Loop 101 Freeway and is near Scottsdale Airport, ASU Health Futures Center, Scottsdale Promenade, Optima McDowell Mountain, and Vi at Grayhawk.
Key Highlights
- Two contiguous office suites totaling 2,528 SF
- Suite 104 is vacant for owner‑user occupancy
- Suite 105 has an established tenant
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
$40,023
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
3.68%
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%
$800,460
$800.5K
Cap Rate 7%
$571,757
$571.8K
Cap Rate 9%
$444,700
$444.7K
Market Conditions
NOI Build-Up for 2,528 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
$64.9K $25.68/SF
− Vacancy
−$11.6K −$4.57/SF
EGI
$53.4K $21.11/SF
− OpEx
−$13.3K −$5.28/SF
NOI
$40.0K $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 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%
$800,460
Cap Rate 7%
$571,757
Cap Rate 9%
$444,700
Alternative Uses
Best Use
Office B
$571.8K
$500.3K – $667.1K
NOI $40,023 @ 7.0% cap · market cap 3.68%
Second Best
Healthcare Medical
$514.8K
$450.5K – $600.7K
NOI $36,039 @ 7.0% cap · market cap 3.32%
Theoretical Best
Retail
$829.9K
$726.1K – $968.2K
NOI $58,091 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
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
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 units - The offering combines C-O zoning with two adjacent office suites for owner-user occupancy and existing tenancy.
Where is this office units located?
The property is located at 7900 E Thompson Peak Pkwy Suites 104 & 105 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $1,087,040.
What are key features of this property?
This property features: Two contiguous office suites totaling 2,528 SF; Suite 104 is vacant for owner‑user occupancy; Suite 105 has an established tenant
