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    7425 Shea Blvd Scottsdale, AZ 85260

    Sponsored
    For Lease
    $24 SF/Yr

    Class A medical office suites, Scottsdale, AZ.

    Lot size:
    42,439 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional Class A medical office building, Shea Medical Plaza, is located at 7425 E Shea Blvd in Scottsdale, Arizona, 85260. The single-story, 42,439 square foot building, constructed in 1999, offers multiple tenancy options with 3,865 square feet currently vacant. Suites range from 2,729 to 8,174 square feet, providing flexibility for various medical practices. The property boasts a prime location on heavily trafficked Shea Boulevard, ensuring high visibility and easy access. Convenient amenities include 35 total parking spaces in an underground garage with covered parking and elevator access. The S-R zoning allows for a variety of uses. The building features built-out suites ready for immediate occupancy, minimizing downtime for new tenants. Prominent building signage opportunities further enhance visibility. The property is situated near major healthcare facilities like Honor Health, providing a strategic advantage within the Scottsdale submarket. The Maricopa County location (APN 175-48-001G) offers a thriving business environment with no use restrictions, allowing for adaptable space utilization. This combination of location, amenities, and flexible space makes Shea Medical Plaza an attractive investment opportunity.

    Property Features for 7425 Shea Blvd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    42,439 SF
    Class
    A
    Total Rate
    84878

    Building Details

    Year Built
    1999
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 114
    Size
    2,729 SF
    Rate per SF
    $24
    Space
    Suite 101
    Size
    8,174 SF
    Rate per SF
    $24

    We can help!

    Listing Contact
    Rachael Thompson
    Rachael Thompson

    Learn more

    Property Insight Report

    HighLights

    • Move‑in ready suites available in a Class A medical office building.
    • Ample covered parking with a 4.5/1,000 ratio and elevator access.
    • Prominent building signage opportunities for increased visibility.
    • No use restrictions, offering flexible space utilization.
    • High‑traffic location on Shea Boulevard near Honor Health.
    • Located in a high‑income area with average household income of $137,169.
    Property Profile Location Intelligence

    Current Use by Public Records

    Precious Smiles - Scottsdale ... Dentist AZPerio Dental Clinic Dr. Steven G. ... Dentist Alium Health and Wellness Medical Clinic SmartLipo Institute Weight Loss Service

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Clothing Store Building Supply Nail Salon Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9212209405
    Latitude
    33.581612221379

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    FAQs

    What type of property is this?
    Medical office - Class A medical office suites, Scottsdale, AZ.
    Where is this medical office located?
    The property is located at 7425 Shea Blvd Scottsdale, AZ.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Move-in ready suites available in a Class A medical office building.; Ample covered parking with a 4.5/1,000 ratio and elevator access.; Prominent building signage opportunities for increased visibility.
    Request Owner's contact information
    7425 Shea Blvd 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
    7425 Shea Blvd Scottsdale, AZ 85260
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    We can help!
    Listing Contact
    Rachael Thompson
    Rachael Thompson
    Real Estate License ID: AZ SA545102000
    Learn more
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