Move-In Ready Office
8155 E Indian Bend Rd #103 Scottsdale, AZ 85260
8155 E Indian Bend Rd #103, Scottsdale, AZ, 85260
$699,000
For Sale
$699,000
Move-in ready office condo with reception, multiple private offices, and a kitchen/break room.
Property Size1,562 SF
Price / SF$447.50
Days on Market103
Property Features for 8155 E Indian Bend Rd #103
General Information
- Standard status
- Active
- Size
- 1,562 SF
- Property subtype
- Office
Building Details
- Year Built
- 2005
Listing agency
SVN | Desert Commercial Advisors
(480) 220-2674
Listed by
Justin Horwitz, SIOR · License #AZ #SA674245000
(480) 220-2674
Source
Svn
Added: Apr 10 Updated: Jul 21 at 5:47AM Checked: Jul 21 at 5:47AM
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 SVN | Desert Commercial Advisors
Investment Insights
Based on property information with market context.
This ±1,562 SF office condo is offered for sale and designed for a small office user. The space includes a reception area, multiple private offices, and a sizable kitchen/break room, and is described as move-in ready.
The property is located in the heart of Scottsdale on Indian Bend Rd, within minutes of the 101 Freeway and at the entrance of McCormick Ranch with direct access to the freeway. The immediate area includes retail amenities such as The Pavilions, The Block, and Salt River Fields.
As part of an established office condo development, the unit offers a functional office layout and an ownership option for small professional uses.
The property is located in the heart of Scottsdale on Indian Bend Rd, within minutes of the 101 Freeway and at the entrance of McCormick Ranch with direct access to the freeway. The immediate area includes retail amenities such as The Pavilions, The Block, and Salt River Fields.
As part of an established office condo development, the unit offers a functional office layout and an ownership option for small professional uses.
Key Highlights
- 1,562 SF office condo built in 2005
- Reception area plus multiple private offices
- Includes a sizable kitchen/break room
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.1k | $25.68 |
| − Vacancy | −$7.1k | −$4.57 |
| EGI | $33.0k | $21.11 |
| − OpEx | −$8.2k | −$5.28 |
| NOI | $24.7k | $15.83 |
1,562 SF · lease $25.68/SF/yr · vacancy 17.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$353.3K
$309.1K – $412.2K
NOI $24,729 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$512.8K
$448.7K – $598.2K
NOI $35,893 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rory Martin American ...
Insurance Agency
4MOST
Marketing & Advertising
SayGo Home Loans
Loan Service
Dentek Dental Laboratory
Dental Office
SalesGenomix
Business Management Consultant
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FAQs
What type of property is this?
Office units - Move-in ready office condo with reception, multiple private offices, and a kitchen/break room.
Where is this office units located?
The property is located at 8155 E Indian Bend Rd #103 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1,562 SF office condo built in 2005; Reception area plus multiple private offices; Includes a sizable kitchen/break room
