Building Details

Year Built 2001

Units 2

Tenancy Multi

Listing Agency: Commercial Properties Inc.

Listed By: Eric Butler · License #AZ BR515583000 Show Phone

Source: Crexi

Added: Aug 11 Changed: Oct 21 Last Checked: Oct 23 at 7:18AM

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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.

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 / Yr

$40,023

Cap Rate

3.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$800,460 $800.5K

Cap Rate 7%

$571,757 $571.8K

Cap Rate 9%

$444,700 $444.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,528 SF

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 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 (±1% cap)

NOI $40,023 @ 7.0% cap · market cap 3.68%

Second Best

Healthcare Medical

$514.8K

$450.5K – $600.7K (±1% cap)

NOI $36,039 @ 7.0% cap · market cap 3.32%

Theoretical Best

Retail

$829.9K

$726.1K – $968.2K (±1% cap)

NOI $58,091 @ 7.0% cap · market cap 5.34%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Arizona Center for Laser ... Dental Office Roberto E. Divito, ... Dental Office Enrico DiVito, D.D.S. Dental Office Grayhawk Dental Associates Dental Office Cooper Mitchell R ... Dental Office

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Law Firm Auto Parts Store Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - The offering combines C-O zoning with two adjacent office suites for owner-user occupancy and existing tenancy.

Where is this office unit 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