For Sale
$1,251,600
8712 E VISTA BONITA Drive, Scottsdale, AZ 85255
Office buildings
Property Size2,890 SF
Price / SF$433.08
Days on Market113
Property Features for 8712 E VISTA BONITA Drive
General Information
Standard status
Active
Size
2,890 SF
Total Parking Spaces
9
Property subtype
Comm/industry Sale
Building Details
Stories
2
Listing Agency:
RE/MAX Fine Properties
(480) 792-9500
Listed By:
Brett Nicholas · License #SA687827000
(602) 527-2929
Source:
Bridgettemichel
Added: Jul 3
Changed: Oct 13
Last Checked: Oct 23 at 6:21AM
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 RE/MAX Fine Properties
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Investment Insights
Based on property information with market context.
Key Highlights
- 2,980 sq. ft. two‑story standalone office building built in 1997
- Recently updated with modern finishes
- Expansive patios and large windows for an indoor‑outdoor layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,754
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$915,080
$915.1K
Cap Rate 7%
$653,629
$653.6K
Cap Rate 9%
$508,378
$508.4K
Market Conditions
NOI Build-Up for 2,890 SF
Gross rent
$74.2K $25.68/SF
− Vacancy
−$13.2K −$4.57/SF
EGI
$61.0K $21.11/SF
− OpEx
−$15.3K −$5.28/SF
NOI
$45.8K $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%
$915,080
Cap Rate 7%
$653,629
Cap Rate 9%
$508,378
Alternative Uses
Best Use
Office B
$653.6K
$571.9K – $762.6K
NOI $45,754 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$948.7K
$830.1K – $1.11M
NOI $66,409 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
Where is this office building located?
The property is located at 8712 E VISTA BONITA Drive Scottsdale, AZ.
What is the asking price?
The asking price for this property is $1,251,600.
What are key features of this property?
This property features: 2,980 sq. ft. two‑story standalone office building built in 1997; Recently updated with modern finishes; Expansive patios and large windows for an indoor‑outdoor layout
