Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    16427 Scottsdale Rd Scottsdale, AZ 85254
    Property profile & analytics

    16427 Scottsdale Rd Scottsdale, AZ 85254

    View on Map
    • Office properties & Spaces
    • 16,324 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ICF Electric Scottsdale / Electrical Service / General Contractor
    • King HVAC Contractors / HVAC Service / General Contractor
    • Alex Knaus American Pacific Mortgage / Loan Service / Bank
    • Goldberg Law Group / Law Firm
    • O and G Construction / Construction Company / General Contractor

    Property Details for 16427 Scottsdale Rd

    Property size
    16,324 SF
    Property type
    Office properties & Spaces
    Property subtype
    Office Units

    Description

    This Class A, 16,324 square foot office building in Scottsdale, Arizona, offers a variety of flexible workspace solutions. Located at 16427 North Scottsdale Road, Suite 410, in the desirable Maricopa County, this property boasts 350 suites, with 5,970 square feet currently vacant. The building underwent renovations in 2019 and features amenities such as elevators. Units range from a minimum of 10 square feet to a maximum contiguous space of 1,300 square feet, catering to businesses of all sizes. The property's prime location near Scottsdale Airport is ideal for business travelers, and its proximity to upscale restaurants and retail stores adds to its appeal. The building itself is architecturally significant, featuring courtyards, walkways, and a private balcony with mountain views, providing ample outdoor space. Available spaces include private, fully furnished, and equipped offices, ranging from serviced to custom options, including disaster recovery spaces and day offices. Tenancy is multiple, allowing for diverse business configurations. This exceptional property presents a unique opportunity to establish a presence in a highly sought-after Scottsdale location. The building's lush landscaping and sweeping valley views create a stunning and productive work environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.924
    Latitude
    33.6368

    Comparable in this City

    • Value Estimation by Request
      98,100 SF

      15279 Scottsdale Rd

      Office Units • 98,100 SF
      15279 Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • Value Estimation by Request
      79,000 SF

      14624 Scottsdale Rd

      Office properties & Spaces • 79,000 SF
      14624 Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • Value Estimation
      $825,000
      3.11 Acres

      5425 Bell Rd

      CONDOMINIUM OFFICES • 3.11 Acres
      5425 Bell Rd, Scottsdale, AZ 85254-6007
      View Details
    • Value Estimation by Request
      1.69 Acres

      7014 Acoma Dr

      CONDOMINIUM OFFICES • 1.69 Acres
      7014 Acoma Dr, Scottsdale, AZ 85254-3549
      View Details
    • Value Estimation by Request
      1.28 Acres

      6945 Sahuaro Dr

      CONDOMINIUM OFFICES • 1.28 Acres
      6945 Sahuaro Dr, Scottsdale, AZ 85254-6722
      View Details
    • Value Estimation by Request
      0.08 Acres

      6501 Greenway Pkwy

      CONDOMINIUM OFFICES • 0.08 Acres
      6501 Greenway Pkwy, Scottsdale, AZ 85254-2025
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Scottsdale Airpark Office Space

      Robust economic hub with strong market fundamentals and abundant amenities.
      7020 E Acoma Dr, Scottsdale, AZ 85254
      View Details
    • $1,146,950
      3,277 SF

      Scottsdale Office Building For Sale

      3,277 SF office building with quality construction in Scottsdale.
      7010 E Acoma Dr, Scottsdale, AZ 85254
      View Details
    • Contact for pricing
      5,100 SF

      Upscale Office Building in Scottsdale

      Class A office space in Agua Caliente mixed-use center.
      10685 N 69Th St, Scottsdale, AZ 85254
      View Details
    • Contact for pricing
      8,577 SF

      Scottsdale Retail/Office Space Available

      Retail or office space with parking and patio.
      15445 N Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • $2,150,000
      Pending

      Scottsdale Assisted Living Residence

      Assisted living residence in Scottsdale, licensed for 10 beds.
      Scottsdale, AZ 85254
      View Details
    • $2,200,000
      1.00 Acre

      Scottsdale Land with Development Potential

      Over one acre lot in prime Scottsdale location.
      12210 N 67Th St, Scottsdale, AZ 85254
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Flexible Workspace Solutions Available

      Global network of workspaces with flexible options for rent.
      16427 North Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • Contact for pricing

      Promenade Corporate Center

      Discover many ways to work your way in Promenade Corporate Center
      16427 Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • Contact for pricing

      Kierland

      Discover many ways to work your way in Kierland
      7047 Greenway Pkwy, Phoenix, AZ 85254
      View Details
    • Contact for pricing

      Furnished Executive Suites Available

      Flexible, fully-furnished office space in a prime location.
      16220 N Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • Contact for pricing

      Class A Office Space Scottsdale

      Premier office space in North Scottsdale with modern build-out.
      16430 N Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • $37 SF/Yr
      4,715 SF

      Prime Scottsdale Office Space Available

      Conveniently located office space near Scottsdale Airport and upscale shopping.
      16435 N Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16427 Scottsdale Rd
    Scottsdale, AZ 85254
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    16427 Scottsdale Rd, Scottsdale, AZ, 85254
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!