Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6501 E Greenway Pkwy Scottsdale, AZ 85254

    • Office Properties & Spaces
    • 0.08 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0312900
    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

    • Stoney Wilson Business Consulting / Consultant
    • JC Studios / Photography Service / (Bike/Boat/Book/etc) Store
    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Oak Park Wholesale / Big Box & Wholesale Store
    • Sky Mechanical Inc / General Contractor / Construction Company

    Property Details for 6501 E Greenway Pkwy

    Lot size
    0.08 lot acres
    Zone code
    PSC
    Property type
    Office Properties & Spaces
    APN
    215-59-929
    APU
    21559929

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.94
    Latitude
    33.6242
    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
    $0.00
    $0.00
    $0.00
    $83
    -
    $500
    $0.00
    $500

    Comparable in this City

    • Value Estimation by Request
      16,324 SF

      16427 Scottsdale Rd

      Office space • 16,324 SF
      16427 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 by Request
      3.11 Acres

      5425 Bell Rd

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

      11111 Scottsdale Rd

      CONDOMINIUM OFFICES • 1.73 Acres
      11111 Scottsdale Rd, Scottsdale, AZ 85254-6701
      View Details
    • Value Estimation by Request
      98,100 SF

      15279 Scottsdale Rd

      Office space • 98,100 SF
      15279 Scottsdale Rd, Scottsdale, AZ 85254
      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

    Similar Nearby for Sale

    • 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
    • $868,000
      2,516 SF

      Scottsdale Office Condo For Sale

      2,516 SF office condo with functional layout in Scottsdale.
      5425 E Bell Rd, 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
      569,558 SF

      Scottsdale Retail Space For Sale

      Prime retail location in North Scottsdale's trade area.
      16231 N Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • $620,000

      Spacious Home in North Ranch

      Light-filled home with dual primary suites and community amenities.
      6314 E Kelton Ln, Scottsdale, AZ 85254
      View Details
    • $150,000
      3,630 SF

      Scottsdale Assisted Living Business Opportunity

      Successful assisted living business with high income and full staff.
      6228 E Assisted Living Ave, Scottsdale, AZ 85254
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr
      106,000 SF

      Prestigious Scottsdale Executive Office Space

      9,056 SF Class A Office Suite Available
      14636 Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • $34 SF/Yr
      82,000 SF

      Kierland Executive Office Space

      Scottsdale, AZ: 12,354 sq ft available
      14648 Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • $31 SF/Yr
      50,000 SF

      Kierland Executive Office Suites

      Prestigious Scottsdale Office Space Available
      6909 Greenway Pkwy, Scottsdale, AZ 85254
      View Details
    • Contact for pricing
      79,000 SF

      Pinnacle Kierland: Executive Suites

      Prestigious Scottsdale office space; flexible suites available.
      14624 Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • $41 SF/Yr
      210,000 SF

      Pinnacle Kierland IV Executive Suites

      Prestigious Scottsdale Office Space Available
      14850 Scottsdale Rd, Scottsdale, AZ 85254
      View Details
    • $26 SF/Yr
      39,010 SF

      Scottsdale Airpark Executive Suites

      Prestigious Scottsdale office space, 100-7,100 sq ft.
      13430 Scottsdale Rd, Scottsdale, AZ 85254
      View Details

    Property Visit Statistics

    • Visits by month
      7.1k
    • Visitors by month
      4.9k
    • Avg Time on site
      27 min
    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.
    6501 E Greenway Pkwy
    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

    Google sign-in failed. Please try again or use another login method.