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    The Largest CRE Database in the US with Over 1 Million Listings

    7441 Butherus Dr Scottsdale, AZ 85260

    Sponsored
    For Lease
    $23 SF/Yr

    Single-story warehouse, ideal for various uses.

    Lot size:
    1,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    422
    This exceptional 1,800 square foot industrial warehouse is located at 7441 E Butherus Dr, Scottsdale, Arizona, 85260, in Maricopa County. The property is a single-tenant space, perfect for a business seeking a functional and efficient workspace. The warehouse boasts a single story design with a generous 16-foot ceiling height, providing ample vertical space for storage or high-volume operations. Its industrial property type and warehouse subtype make it suitable for a wide range of uses, from storage and distribution to light manufacturing or assembly. The property's location in Scottsdale offers easy access to major transportation routes, ensuring convenient logistics and efficient delivery networks. This is a fantastic opportunity for businesses seeking a well-located, functional, and spacious warehouse in a thriving Arizona market. The property is ready for immediate occupancy. The address is easily accessible and situated in a well-established commercial area. This single-tenant warehouse presents a unique opportunity for businesses seeking a cost-effective and efficient space to operate. The 16-foot ceiling height provides significant storage capacity, while the single-story design simplifies operations and logistics. This property is an excellent choice for businesses seeking a functional and well-located warehouse in Scottsdale, Arizona.

    Property Features for 7441 Butherus Dr

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,800 SF

    Building Details

    Stories
    1

    Spaces For Lease

    at 7441 Butherus Dr, Scottsdale, AZ 85260 Contact us
    Unit

    $23 /Mo

    Size
    1,800 SF
    Contact us

    We can help!

    Listing Contact
    Joe Cosgrove
    Joe Cosgrove

    Learn more

    Property Insight Report

    HighLights

    • Available for occupancy February 1, 2025.
    • 15'6" clear height, fully air‑conditioned warehouse.
    • Move‑in ready warehouse with minimal office space.
    • Easy pull‑up parking with two covered, reserved stalls.
    • Amenity‑rich location, walking distance to Kierland Commons & Scottsdale Quarter.
    Property Profile Location Intelligence

    Current Use by Public Records

    Phoenix Photo Design Photography Service Michael Luna Photography ... Photography Service Installation Resources Group Construction Company Dedicated Audio Electronics & Wireless Store Hare Studios Advertising Agency

    Suggested Use

    Restaurant Dental Office Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Spa & Massage Center Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9190381
    Latitude
    33.6220815

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    FAQs

    What type of property is this?
    Distribution property - Single-story warehouse, ideal for various uses.
    Where is this distribution property located?
    The property is located at 7441 Butherus Dr Scottsdale, AZ.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: Available for occupancy February 1, 2025.; 15'6" clear height, fully air-conditioned warehouse.; Move-in ready warehouse with minimal office space.
    Request Owner's contact information
    7441 Butherus Dr Scottsdale, AZ 85260
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7441 Butherus Dr Scottsdale, AZ 85260
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    Listing Contact
    Joe Cosgrove
    Joe Cosgrove
    Real Estate License ID: SA649531000
    Learn more
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