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 Market867
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
(480) 300-1548
Source:
Crexi
Added: Jun 12, 2024
Changed: Oct 26
Last Checked: Oct 26 at 1:19PM
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
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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 / Yr
$99,217
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
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
