Professional Office Available For
For Sale
Contact for pricing
33725 N Scottsdale Rd, Scottsdale, AZ 85266
Professional office space available for sale or lease starting 9/1/2024.
Property Size6,267 SF
Price / SF$175.52
Days on Market822
Property Features for 33725 N Scottsdale Rd
General Information
Standard status
Active
Size
6,267 SF
Class
B
Property subtype
Office
Listing Agency:
Colliers - Phoenix, Arizona
Listed By:
Michael Marsh · License #SA654598000
(602) 222-5177
Source:
Crexi
Added: Jun 12, 2024
Changed: Sep 6
Last Checked: Sep 11 at 8:09AM
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 Colliers - Phoenix, Arizona
Investment Insights
Based on property information with market context.
This professional office space, available starting September 1, 2024, offers a rare opportunity for lease or sale. The property has a size of 6,267 square feet. A minimum lease term of three years is required. Ample parking is available. The location is close to multiple golf courses and amenities. The layout is excellent for financial services or other professional services groups.
Key Highlights
- Available 9/1/2024
- Ample parking
- Excellent layout for financial services or other professional services group
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$99,217
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,984,340
$2.0M
Cap Rate 7%
$1,417,386
$1.4M
Cap Rate 9%
$1,102,411
$1.1M
Market Conditions
NOI Build-Up for 6,267 SF
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.
Gross rent
$160.9K $25.68/SF
− Vacancy
−$28.6K −$4.57/SF
EGI
$132.3K $21.11/SF
− OpEx
−$33.1K −$5.28/SF
NOI
$99.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,984,340
Cap Rate 7%
$1,417,386
Cap Rate 9%
$1,102,411
Alternative Uses
Best Use
Office B
$1.42M
$1.24M – $1.65M
NOI $99,217 @ 7.0% cap · market cap 9.02%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$2.06M
$1.80M – $2.40M
NOI $144,010 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Explore this area
Business Placement
Demographics for 85266, AZ
11,971
Population
6,454
Households
1.9
Avg Household Size
61
Median Age
67%
College-Educated
99%
High-School Grad
19.6 sq mi
ZIP Area
611
Density / Sq Mi
$157,137
Median Household Income
$97,070
Median Earnings
$3,050
Median Rent
$1,026,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Professional office space available for sale or lease starting 9/1/2024.
Where is this office building located?
The property is located at 33725 N Scottsdale Rd Scottsdale, AZ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Available 9/1/2024; Ample parking; Excellent layout for financial services or other professional services group
