Office Unit with Outdoor
For Sale
Contact for pricing
8350 E RAINTREE Drive 235, Scottsdale, AZ 85260
Includes a reception area and spaces identified for board meetings and client presentations.
Property Size38,094 SF
Price / SF$0.06
Days on Market48
Property Features for 8350 E RAINTREE Drive 235
General Information
Standard status
Active
Size
38,094 SF
Property subtype
Comm/industry Lease
Amenities
polished, welcoming reception area
serene outdoor space
Listing Agency:
Property Management Real Estate
(623) 486-5800
Listed By:
Hanan Ayoub · License #BR642961000
(602) 931-8182
Source:
Zanebelden
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 24 at 5:01PM
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 Property Management Real Estate
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Investment Insights
Based on property information with market context.
Office Unit 235 at 8350 E Raintree Drive includes a polished reception area and space designated for board meetings and client presentations. The unit also offers an outdoor area that can support breaks, informal meetings, or time away from the interior workspace.
The property is located in Scottsdale, Arizona, within the Raintree Drive address corridor. Its combination of reception, meeting, presentation, and outdoor areas provides a varied office setting for professional engagements and day-to-day use.
The property is located in Scottsdale, Arizona, within the Raintree Drive address corridor. Its combination of reception, meeting, presentation, and outdoor areas provides a varied office setting for professional engagements and day-to-day use.
Key Highlights
- Reception area designed for a polished client arrival
- Space for board meetings and client presentations
- Outdoor area for breaks or informal meetings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$603,094
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,061,880
$12.1M
Cap Rate 7%
$8,615,629
$8.6M
Cap Rate 9%
$6,701,044
$6.7M
Market Conditions
NOI Build-Up for 38,094 SF
Gross rent
$978.3K $25.68/SF
− Vacancy
−$174.1K −$4.57/SF
EGI
$804.1K $21.11/SF
− OpEx
−$201.0K −$5.28/SF
NOI
$603.1K $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%
$12,061,880
Cap Rate 7%
$8,615,629
Cap Rate 9%
$6,701,044
Alternative Uses
Best Use
Office B
$8.62M
$7.54M – $10.05M
NOI $603,094 @ 7.0% cap · market cap 25,234.06%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$12.51M
$10.94M – $14.59M
NOI $875,364 @ 7.0% cap · market cap 36,626.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,943
Businesses Nearby
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Business Placement
Demographics for 85260, AZ
37,967
Population
21,072
Households
1.8
Avg Household Size
47
Median Age
59%
College-Educated
97%
High-School Grad
14.2 sq mi
ZIP Area
2,674
Density / Sq Mi
$103,854
Median Household Income
$62,835
Median Earnings
$1,969
Median Rent
$637,000
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Includes a reception area and spaces identified for board meetings and client presentations.
Where is this office unit located?
The property is located at 8350 E RAINTREE Drive 235 Scottsdale, AZ.
What are key features of this property?
This property features: Reception area designed for a polished client arrival; Space for board meetings and client presentations; Outdoor area for breaks or informal meetings
