Raintree Circle Office Investment
8950 E Raintree Cir Dr, Scottsdale, AZ
Call to check price and availability
Multi-tenant office building in Raintree Office Park, 100% leased.
Type:OFFICE
Property size:
7,477 SFLot size:
0.23 AcresPrice / SF:
$210/SF- Added:
- Jun 2, 2025
- Days on Market:
- 359
- Last Refresh:
- May 20 at 8:01 pm
Property Features for 8950 E Raintree Cir Dr
General Information
- Standard status
- Active
- Size
- 7,477 SF
- Lot size
- 0.23 Acres
- Property subtype
- OFFICE
Listing agent Bret Isbell License #BR549336000 (602) 300-4112
Listing office Kidder Mathews | Phoenix (602) 300-4112
Listing date Jun 2, 2025
Source Moodyscre
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 Kidder Mathews | Phoenix
HighLights
- 100% Leased with Income: Start generating revenue immediately.
- Owner/User Price: Occupy space while benefiting from existing tenant income.
- Class‑A Raintree Office Park Location: Benefit from a prestigious business address.
- Unmatched Freeway Access: Enjoy convenience for tenants and clients alike.
- Fee‑Simple Single Story Building: Offers ease of access and ownership benefits.
- Central Common Area Amenities: Shared restrooms, kitchen, and conference room.
Overview
This multi-tenant office building presents an investment opportunity. The property is located within the Raintree Office Park, offering freeway access and nearby amenities. This single-story building includes central common area restrooms, a kitchen, and a conference room for tenant use. The building also features prominent signage. The property has a size of 7477 square feet and is currently 100% leased with income.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.32M
NOI $118,374 @ 9.00% cap · cautious / downside scenario
Moderate
$1.69M
NOI $118,374 @ 7.00% cap · market / base-case scenario
Aggressive
$2.37M
NOI $118,374 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $192.0k | $25.68 |
| − Vacancy | −$34.2k | −$4.57 |
| EGI | $157.8k | $21.11 |
| − OpEx | −$39.5k | −$5.28 |
| NOI | $118.4k | $15.83 |
7,477 SF · lease $25.68/SF/yr · vacancy 17.80% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.69M
$1.48M – $1.97M
NOI $118,374 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$2.45M
$2.15M – $2.86M
NOI $171,814 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Scottsdale
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.896
- Latitude
- 33.4665
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Multi-tenant office building in Raintree Office Park, 100% leased.
Where is this office building located?
The property is located at 8950 E Raintree Cir Dr Scottsdale, AZ.
What is the asking price?
The asking price for this property is $1,574,000.
What are key features of this property?
This property features: 100% Leased with Income: Start generating revenue immediately.; Owner/User Price: Occupy space while benefiting from existing tenant income.; Class‑A Raintree Office Park Location: Benefit from a prestigious business address.
