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    Property profile & analytics

    13951 Scottsdale Rd Scottsdale, AZ 85254

    • Office buildings
    • 15,120 SF
    • 2.23 lot acres
    For Lease
    View listing
    $27 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0456168
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Daniel & Sons Water Heaters / Heating Contractor / Repair Service
    • Randy Meyers: Allstate Insurance / Insurance Company / Life Insurance Agency
    • David Weiner / Insurance Agency / Life Insurance Agency
    • Prudential Financial: William Weiner / Investment Service
    • MindBody Medicine Center - Ronald Peters M.D. / Doctor / Addiction Treatment Center

    Property Details for 13951 Scottsdale Rd

    Year built
    1983
    Construction
    STEEL FRAME
    Lot size
    2.23 lot acres
    Property size
    15,120 SF
    Zone code
    I-1
    Property type
    Office buildings
    APN
    215-56-013A
    APU
    21556013A

    Description

    Scottsdale Executive Square offers exceptional office space for lease. This beautifully landscaped property boasts 29,806 total square feet, currently featuring 3,463 square feet of vacant space available in two move-in ready suites (715 sq ft and 742 sq ft). The building, constructed in 1983, provides a traditional office environment with creative office adaptability. The property offers convenient access from Loop 101 and is situated next to Scottsdale Airport, ensuring easy commutes. Its prime location is surrounded by a wealth of retail and dining options, enhancing convenience for tenants and their clients. The building features common area restrooms and highly visible exterior signage on Scottsdale Road. Parking is readily available with a ratio of 4 spaces per 1,000 square feet. The property is ideal for businesses seeking a well-maintained, accessible, and conveniently located office space in the heart of Scottsdale. Multiple tenancy is available. Inquire today to learn more about leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,063,000
      Market price range: $808k - $7.06M
      AI Estimate
      $7,063,000
      Market price range: $599k - $7.06M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,360,000
      Current use
      RESTAURANT
      $10,840,000
      Change: +149% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $7,395,000
      Change: +70% Conversion: Easy
      RETAIL STORES
      $6,965,000
      Change: +60% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $6,230,000
      Change: +43% Conversion: Difficult
      MEDICAL BUILDING
      $5,285,000
      Change: +21% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.925
    Latitude
    33.6135
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $45,940
    $0.00
    $0.00
    $736,093
    -
    $2,971,800
    $1,489,371
    $4,461,171

    Comparable in this City

    • Value Estimation
      $39,610,000
      136,648 SF

      16435 Scottsdale Rd Ste, Unit 285

      OFFICE BUILDING • 136,648 SF
      16435 Scottsdale Rd Ste, Scottsdale, AZ 85254-1680
      View Details
    • Value Estimation
      $1,215,000
      13,531 SF

      7020 Acoma Dr Ste, Unit 101

      OFFICE BUILDING • 13,531 SF
      7020 Acoma Dr Ste, Scottsdale, AZ 85254-3535
      View Details
    • Value Estimation
      $1,690,000
      19,443 SF

      7010 Acoma Dr Ste, Unit 203

      OFFICE BUILDING • 19,443 SF
      7010 Acoma Dr Ste, Scottsdale, AZ 85254-3550
      View Details
    • Value Estimation by Request
      266,948 SF

      16220 Scottsdale Rd

      OFFICE BUILDING • 266,948 SF
      16220 Scottsdale Rd, Scottsdale, AZ 85254-1781
      View Details
    • Value Estimation
      $910,000
      8,312 SF

      5425 Bell Rd Ste, Unit 105

      OFFICE BUILDING • 8,312 SF
      5425 Bell Rd Ste, Scottsdale, AZ 85254-6008
      View Details
    • Value Estimation
      $3,010,000
      34,628 SF

      11111 Scottsdale Rd Ste, Unit 130

      OFFICE BUILDING • 34,628 SF
      11111 Scottsdale Rd Ste, Scottsdale, AZ 85254-6734
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    13951 Scottsdale Rd
    Scottsdale, AZ 85254
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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
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