Move-In Ready Office
For Sale
Contact for pricing
9927 E Bell Rd, Scottsdale, AZ 85260
Move-in ready office condo featuring stained concrete floors, modern lighting, and glass partitions, with two covered reserved parking spaces.
Property Size1,581 SF
Price / SF$395.32
Days on Market189
Property Features for 9927 E Bell Rd
General Information
Standard status
Active
Size
1,581 SF
Total Parking Spaces
2
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
SVN | Desert Commercial Advisors
(480) 425-5500
Listed By:
Justin Horwitz · License #SA562459000
(480) 220-2674
Source:
Moodyscre
Added: Mar 6
Changed: Sep 3
Last Checked: Sep 11 at 5:52AM
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 SVN | Desert Commercial Advisors
Investment Insights
Based on property information with market context.
This move-in ready office condo offers a practical layout designed for general office use. Interior finishes include stained concrete floors, modern ceiling and lighting, and glass partitions that support a clean, professional workspace.
The unit includes two covered, reserved parking spaces exclusively designated to the condo. The property is in an upscale Scottsdale setting near McDowell Mountain Ranch, with retail amenities nearby and easy access to the 101 Freeway.
Overall, the space presents as well maintained, with improvements and finishes suited for an immediate tenant or owner-occupant.
The unit includes two covered, reserved parking spaces exclusively designated to the condo. The property is in an upscale Scottsdale setting near McDowell Mountain Ranch, with retail amenities nearby and easy access to the 101 Freeway.
Overall, the space presents as well maintained, with improvements and finishes suited for an immediate tenant or owner-occupant.
Key Highlights
- Move‑in ready office condo with stained concrete floors, modern ceiling/lighting, and glass partitions
- Ideal floor plan for a general office user
- Includes 2 covered, reserved parking spaces exclusively designated to the unit
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
$25,030
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
4.00%
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%
$500,600
$500.6K
Cap Rate 7%
$357,571
$357.6K
Cap Rate 9%
$278,111
$278.1K
Market Conditions
NOI Build-Up for 1,581 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
$40.6K $25.68/SF
− Vacancy
−$7.2K −$4.57/SF
EGI
$33.4K $21.11/SF
− OpEx
−$8.3K −$5.28/SF
NOI
$25.0K $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%
$500,600
Cap Rate 7%
$357,571
Cap Rate 9%
$278,111
Alternative Uses
Best Use
Office B
$357.6K
$312.9K – $417.2K
NOI $25,030 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$519.0K
$454.1K – $605.5K
NOI $36,330 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Explore this area
Business Placement
Demographics for 85260, AZ
37,967
Population
21,072
Households
1.8
Avg Household Size
47
Median Age
59%
College-Educated
97%
High-School Grad
14.2 sq mi
ZIP Area
2,674
Density / Sq Mi
$103,854
Median Household Income
$62,835
Median Earnings
$1,969
Median Rent
$637,000
Median Home Value
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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 units - Move-in ready office condo featuring stained concrete floors, modern lighting, and glass partitions, with two covered reserved parking spaces.
Where is this office units located?
The property is located at 9927 E Bell Rd Scottsdale, AZ.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Move‑in ready office condo with stained concrete floors, modern ceiling/lighting, and glass partitions; Ideal floor plan for a general office user; Includes 2 covered, reserved parking spaces exclusively designated to the unit
