Raintree Circle Office Investment
For Sale
Contact for pricing
8950 E Raintree Cir Dr, Scottsdale, AZ
Multi-tenant office building in Raintree Office Park, 100% leased.
Property Size7,477 SF
Lot Size0.23 Acres
Price / SF$210.51
Days on Market498
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 Agency:
Kidder Mathews | Phoenix
(602) 513-5200
Listed By:
Bret Isbell · License #BR549336000
(602) 300-4112
Source:
Moodyscre
Added: Jun 2, 2025
Changed: Sep 11
Last Checked: Oct 11 at 7:05AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,374
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,367,480
$2.4M
Cap Rate 7%
$1,691,057
$1.7M
Cap Rate 9%
$1,315,267
$1.3M
Market Conditions
NOI Build-Up for 7,477 SF
Gross rent
$192.0K $25.68/SF
− Vacancy
−$34.2K −$4.57/SF
EGI
$157.8K $21.11/SF
− OpEx
−$39.5K −$5.28/SF
NOI
$118.4K $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%
$2,367,480
Cap Rate 7%
$1,691,057
Cap Rate 9%
$1,315,267
Alternative Uses
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 authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
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.
