Office Condo with Private
For Sale
Contact for pricing
8360 E Raintree Dr, Scottsdale, AZ 85260
A flexible interior combines private offices, shared work areas, and a kitchenette.
Property Size1,299 SF
Price / SF$370
Days on Market12
Property Features for 8360 E Raintree Dr
General Information
Standard status
Active
Size
1,299 SF
Elevators
Yes
Property subtype
OFFICE
Additional Details
Floor
2
Office Units
1
Amenities
break room with a kitchenette
mountain views
Listing Agency:
SVN | Desert Commercial Advisors
(480) 425-5500
Listed By:
Justin Horwitz · License #SA562459000
(480) 220-2674
Source:
Moodyscre
Added: Oct 15
Changed: Oct 25
Last Checked: Oct 24 at 3:50PM
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
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Investment Insights
Based on property information with market context.
This 1,299-square-foot office condo is configured with four private offices, an open area for cubicles, and a break room with a kitchenette. One private office can be converted into a conference room, offering an alternative layout within the existing buildout. The suite is on the second floor and has elevator access.
Covered reserved parking is included. The property is located in Scottsdale Airpark, with views of the McDowell Mountains from the second floor.
Covered reserved parking is included. The property is located in Scottsdale Airpark, with views of the McDowell Mountains from the second floor.
Key Highlights
- 1,299 SF office condo in Scottsdale Airpark
- Four private offices, with one convertible to a conference room
- Open workspace 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.
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Current Use
Lease Details
1
Office units
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A flexible interior combines private offices, shared work areas, and a kitchenette.
Where is this office unit located?
The property is located at 8360 E Raintree Dr 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 condo in Scottsdale Airpark; Four private offices, with one convertible to a conference room; Open workspace for cubicles and a break room with kitchenette
