Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8573 Princess Dr Scottsdale, AZ 85255

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Medical Office Suites Available in Scottsdale Airpark

    Lot size:
    71,159 SF

    Property Features for 8573 Princess Dr

    General Information

    Property type
    Medical Office Space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    71,159 SF
    Class
    B
    Total Rate
    154177.83

    Building Details

    Year Built
    2003
    Buildings
    2
    Stories
    2

    Spaces For Lease

    at 8573 Princess Dr, Scottsdale, AZ 85255 Contact us
    Unit Suite A-111

    $26 /Mo

    Size
    1,518 SF
    Contact us
    Unit Suite A-201-205

    $26 /Mo

    Size
    3,798 SF
    Contact us
    Unit Suite B-221

    $26 /Mo

    Size
    4,580 SF
    Contact us
    Unit Suite A-109

    $26 /Mo

    Size
    1,497 SF
    Contact us

    We can help!

    Listing Contact
    Rachael Thompson
    Rachael Thompson

    Listing Agency: Kidder Mathews | Phoenix Listing Agent: Rachael Thompson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional medical office complex, the Princess Medical Center, offers a prime opportunity for healthcare professionals seeking versatile space in the thriving Scottsdale Airpark submarket. Located at 8573 E Princess Dr, Scottsdale, AZ 85255, this Class B property boasts two buildings totaling approximately 71,159 square feet. The property features multiple tenancy options, with spaces ranging from a minimum of 2,018 square feet to a maximum contiguous space of 4,580 square feet
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Akhilesh Sharma Physician Ms. Leslie Zeckser Physician Pima Primary Care Physician Dr. James Galati Dental Office Emma Castillo Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.89409606375
    Latitude
    33.645397064487

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Gainey Ranch

      Discover many ways to work your way in Gainey Ranch
      7702 Doubletree Ranch Rd, Scottsdale, AZ 85258
      View Details
    • Contact for pricing

      Fashion Square

      Discover many ways to work your way in Towers Crescent
      7150 Camelback Rd, Scottsdale, AZ 85251
      View Details
    • Contact for pricing

      Promenade Corporate Center

      Flexible workspace in West Loop 200 S. Wacker
      16427 Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • Contact for pricing

      Scottsdale Financial Center III

      Flexible workspace in Irvine Spectrum
      7272 Indian School Rd, Scottsdale, AZ 85251
      View Details
    • Contact for pricing

      Camelback Square

      Flexible workspace in Central Avenue
      6991 Camelback Rd, Scottsdale, AZ 85251
      View Details
    • Contact for pricing

      Raintree Corporate Center

      All-inclusive access to workspace, virtual office and meeting rooms in 505 Montgomery
      15333 Pima Rd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing

      Spaces Old Town Galleria

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      4343 Scottsdale Rd, Scottsdale, AZ 85251
      View Details
    • Contact for pricing

      AZ, Scottsdale - Scottsdale Quarter

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      15169 Scottsdale Rd, Scottsdale, AZ 85260
      View Details
    • Contact for pricing

      AZ, Scottsdale- Scottsdale Spectrum

      Workspaces, services and support to help you work better in Frisco Square
      6710 Scottsdale Rd, Scottsdale, AZ 85253
      View Details
    • Contact for pricing

      AZ, Scottsdale - N 92nd St

      Discover many ways to work your way in Downtown
      10101 92Nd St, Scottsdale, AZ 85258
      View Details
    • $600 /Mo

      Scottsdale Airpark Office Spaces

      Office spaces for lease in premier Scottsdale Airpark location.
      7720 East Evans Rd, Scottsdale, AZ 85260
      View Details
    • $2,250 /Mo

      Scottsdale Airpark Office Space

      Move-in ready office space in Scottsdale Airpark with reserved parking.
      7441 E Butherus Dr, Scottsdale, AZ 85260
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical Office Suites Available in Scottsdale Airpark
    Where is this medical office space located?
    The property is located at 8573 Princess Dr Scottsdale, AZ.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    (602) 513-5122 Call to check price and availability
    Request Owner's contact information
    8573 Princess Dr Scottsdale, AZ 85255
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8573 Princess Dr
    Scottsdale, AZ 85255
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    8573 Princess Dr Scottsdale, AZ 85255
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rachael Thompson
    Rachael Thompson
    Real Estate License ID: SA545102000
    (602) 513-5122 (602) 513-5200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!