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    8901 Pima Center Pkwy Scottsdale, AZ 85258

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    For Lease
    Contact for pricing

    Prime Scottsdale location, multiple suites available.

    Lot size:
    37,050 SF

    Property Features for 8901 Pima Center Pkwy

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    37,050 SF
    Total Rate
    77187.5

    Building Details

    Year Built
    2006
    Buildings
    1
    Stories
    2

    Spaces For Lease

    at 8901 Pima Center Pkwy, Scottsdale, AZ 85258 Contact us
    Unit Suite 250

    $28 /Mo

    Size
    3,055 SF
    Contact us
    Unit Suite 150

    $25 /Mo

    Size
    3,244 SF
    Contact us

    We can help!

    Listing Contact
    Kyle Mcginley
    Kyle Mcginley

    Listing Agency: Ross Brown Partners Inc Listing Agent: Kyle Mcginley

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

    Learn more

    Overview

    This exceptional two-story office building, constructed in 2006, offers 37,050 square feet of traditional office space in the desirable Scottsdale, Arizona market. Located at 8901 E Pima Center Pkwy, Suite 230, 85258, this property boasts a prime location with immediate access to Loop 101 via two diamond interchanges, ensuring superior ingress and egress to surrounding surface streets. The building features a single structure with convenient onsite property management. Currently, there are multiple tenancies available, with two spaces immediately available, ranging from 3,055 to 3,244 square feet. A total of 6,299 square feet is currently vacant. The property is situated within a vibrant commercial area, offering employees and visitors access to 60,000 square feet of restaurants, retail, and service amenities. Its proximity to Paradise Valley and North Scottsdale provides easy access to executive housing and upscale amenities. This is an excellent opportunity for businesses seeking a well-located, modern office space in a thriving area of Scottsdale. The building is in Maricopa County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Maintenance Engineers Inc Engineer Plain Green Corporate Office Westpac Development Corp. Real Estate Agency Landmark Homes USA Construction Company Oasis Air HVAC Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center 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
    -111.88901564944
    Latitude
    33.559657891937

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    FAQs

    What type of property is this?
    Office property - Prime Scottsdale location, multiple suites available.
    Where is this office property located?
    The property is located at 8901 Pima Center Pkwy Scottsdale, AZ.
    What is the lease rate?
    The lease rate is $25-$28 SF/Yr.
    What are key features of this property?
    This property features: 2006-built, two-story office building totaling 37,050 square feet.; Located at 8901 E Pima Center Pkwy, Suite 230, Scottsdale, AZ 85258, with excellent Loop 101 access.; Single-building property with on-site management.
    (480) 362-9507 Call to check price and availability
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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
    8901 Pima Center Pkwy Scottsdale, AZ 85258
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    Contact for Pricing
    Please call us for current price
    and status of this listing Kyle Mcginley
    Kyle Mcginley
    Real Estate License ID: SA663730000
    (480) 362-9507 (480) 362-9500
    Learn more
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