Office Condo with Private
8350 E Raintree Dr #A250, Scottsdale, AZ 85260
For Sale
Contact for pricing
Four enclosed offices, an open work area, and a kitchenette provide a flexible workplace configuration.
Property Size1,299 SF
Price / SF$370
Days on Market55
Property Features for 8350 E Raintree Dr #A250
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
Floor
Listing Agency:
SVN | Desert Commercial Advisors
Listed By:
Richard Lewis · License AZ SA674245000
(602) 327-0064
Source:
Crexi
Added: Sep 21
Changed: Nov 13
Last Checked: Nov 12 at 4:20AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This second-floor office condominium offers 1,299 SF with four private offices, an open area for cubicles, and a break room with kitchenette. One office can be converted into a conference room. Elevator access serves the unit, and covered reserved parking is provided. Views extend toward the McDowell Mountains.
The property is located at 8350 E Raintree Dr #A250 in Scottsdale Airpark.
The property is located at 8350 E Raintree Dr #A250 in Scottsdale Airpark.
Key Highlights
- 1,299 SF office condominium
- Four private offices, with one convertible to a conference room
- Open area for cubicles and a break room with kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,565
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,300
$411.3K
Cap Rate 7%
$293,786
$293.8K
Cap Rate 9%
$228,500
$228.5K
Market Conditions
NOI Build-Up for 1,299 SF
Gross rent
$33.4K $25.68/SF
− Vacancy
−$5.9K −$4.57/SF
EGI
$27.4K $21.11/SF
− OpEx
−$6.9K −$5.28/SF
NOI
$20.6K $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%
$411,300
Cap Rate 7%
$293,786
Cap Rate 9%
$228,500
Alternative Uses
Best Use
Office B
$293.8K
$257.1K – $342.8K
NOI $20,565 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$426.4K
$373.1K – $497.5K
NOI $29,850 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,943
Businesses Nearby
Explore this area
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
$637,000
Median Home Value
Market
Average Price Trend$/SF for Office Units in Scottsdale, AZ
Properties on Market for Office Units in Scottsdale
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Four enclosed offices, an open work area, and a kitchenette provide a flexible workplace configuration.
Where is this office unit located?
The property is located at 8350 E Raintree Dr #A250 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $480,630.
What are key features of this property?
This property features: 1,299 SF office condominium; Four private offices, with one convertible to a conference room; Open area for cubicles and a break room with kitchenette
