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    6339 E Greenway Rd Scottsdale, AZ 85254

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    6339 E Greenway Rd Scottsdale, AZ 85254

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    • Strip malls
    • 19,202 SF
    • 1.43 lot acres
    For Sale
    $3,610,000
    View Listing →
    Retail Space Near Kierland Commons For Sale
    $3,610,000
    19,246 SF

    Retail Space Near Kierland Commons

    Retail property near Scottsdale, high traffic, ample parking.

    6339 E Greenway Rd, Scottsdale, AZ 85254
    View Listing
    Property ID
    US07-0990361
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • DIVA NAILS / Nail Salon
    • Expert Training and Development / Consultant
    • Americo's Hair Salon / Hair Salon
    • Sonoran Chiropractic / Alternative Medicine Practice
    • Kevin Lowe / Alternative Medicine Practice

    Property Details for 6339 E Greenway Rd

    Year built
    1996
    Construction
    CONCRETE
    Lot size
    1.43 lot acres
    Property size
    19,202 SF
    Zone code
    C-1
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    215-62-399
    APU
    21562399

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,791,000
      Market price range: $715k - $7.64M
      AI Estimate
      $3,430,000
      Market price range: $491k - $7.44M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $4,155,000
      Current use
      OFFICE BUILDING
      $5,540,000
      Change: +33% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.944
    Latitude
    33.6247
    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
    $54,540
    $0.00
    $0.00
    $698,082
    -
    $2,405,800
    $1,825,000
    $4,230,800

    Comparable in this City

    • Value Estimation
      $1,390,000
      7,258 SF

      7101 Thunderbird Rd

      SHOPPING CENTER, STRIP CENTER • 7,258 SF
      7101 Thunderbird Rd, Scottsdale, AZ 85254-4008
      View Details
    • Value Estimation
      $1,870,000
      4,760 SF

      14036 Scottsdale Rd

      SHOPPING CENTER, STRIP CENTER • 4,760 SF
      14036 Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • Value Estimation
      $2,580,000
      14,521 SF

      5555 Bell Rd

      SHOPPING CENTER, STRIP CENTER • 14,521 SF
      5555 Bell Rd, Scottsdale, AZ 85254-5802
      View Details
    • Value Estimation
      $2,495,000
      6,356 SF

      10636 71st Way

      SHOPPING CENTER, STRIP CENTER • 6,356 SF
      10636 71st Way, Scottsdale, AZ 85254-5278
      View Details
    • Value Estimation
      $6,970,000
      17,760 SF

      Scottsdale, AZ 85254

      SHOPPING CENTER, STRIP CENTER • 17,760 SF
      Scottsdale, AZ 85254
      View Details
    • Value Estimation
      $1,110,000
      5,236 SF

      13604 Scottsdale Rd

      SHOPPING CENTER, STRIP CENTER • 5,236 SF
      13604 Scottsdale Rd, Scottsdale, AZ 85254-4051
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space Near Kierland Commons

      Retail property near Scottsdale, high traffic, ample parking.
      6339 E Greenway Rd, Scottsdale, AZ 85254
      View Details
    • Contact for pricing

      Scottsdale Retail Space For Sale

      Retail property in central Scottsdale near Paradise Valley and Gainey Ranch.
      6990 E Shea Blvd, Scottsdale, AZ 85254
      View Details
    • $2,238,000
      900 SF

      Scottsdale Retail Investment Opportunity

      Starbucks-Leased Retail Building
      7050 E Shea Blvd, Scottsdale, AZ 85254
      View Details
    • Contact for pricing

      Scottsdale Retail Space For Sale

      Prime retail location in North Scottsdale's trade area.
      16231 N Scottsdale Rd, 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
    • New
      $1,395,000
      0.66 Acres

      Scottsdale Land Opportunity

      Build your dream home in coveted Scottsdale location.
      12836 N 60Th St N, Scottsdale, AZ 85254
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,615 SF

      Scottsdale Retail Space For Rent

      Retail space in a heavily trafficked, Safeway-CVS anchored Scottsdale center.
      10893 N Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • Contact for pricing
      4,190 SF

      Scottsdale Retail Space For Lease

      Retail space in high-traffic North Scottsdale shopping center.
      14418 N Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • Contact for pricing
      1,959 SF

      Upscale Scottsdale Retail Space

      Retail space in affluent North Scottsdale neighborhood with high traffic.
      14202 N Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • Contact for pricing
      1,540 SF

      Scottsdale Retail Center For Lease

      Retail spaces in a busy, anchored Scottsdale shopping center.
      10629-10869 N Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • Contact for pricing
      1,778 SF

      Premier Scottsdale Quarter Retail Space

      Open-air shopping and lifestyle destination in North Scottsdale.
      15257 N Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • Contact for pricing

      Premier Scottsdale Quarter Retail Space

      Upscale retail space in a high-end shopping and lifestyle destination.
      15279 N Scottsdale Rd, Scottsdale, AZ 85254
      View Details

    Property Visit Statistics

    • Visits by month
      78.8k
    • Visitors by month
      32.9k
    • Avg Time on site
      24 min
    View Listing
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    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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    6339 E Greenway Rd, Scottsdale, AZ, 85254

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