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    6900 E Camelback Rd Scottsdale, AZ 85251
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    Property profile & analytics

    6900 E Camelback Rd, Scottsdale, AZ 85251

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    • Super regional malls
    • 105,714 SF
    • 1.13 lot acres
    For Lease
    $48 SF/Yr
    View Listing →
    Office Space Near Scottsdale Fashion For Lease
    $48 SF/Yr

    Office Space Near Scottsdale Fashion

    Office space connected to Scottsdale Fashion Square with covered parking.

    6900 E Camelback Rd, Scottsdale, AZ 85251
    View Listing
    Property ID
    US07-1728928
    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

    • Peerlogic / (Bike/Boat/Book/etc) Store / Corporate Office
    • Caratsmart LLC / Big Box & Wholesale Store / (Bike/Boat/Book/etc) Store
    • Finance of America Mortgage LLC / Loan Service / Bank
    • Dicarlo Caserta Mckeighan / Law Firm
    • Better Horses Network / Radio Station / Telecommunications Service

    Property Details for 6900 E Camelback Rd

    Year built
    1991
    Construction
    STEEL FRAME
    Lot size
    1.13 lot acres
    Zone code
    D/DRU-2
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    173-36-004C
    APU
    17336004C

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 21, 2020 — Neiman Marcus Group LLC — Deed · related $699.2M · Alter Domus Products Corp
    Aug 28, 2019 — Neiman Marcus Group LLC — Deed · related —
    Aug 19, 2019 — Neiman Marcus Group LLC — Grant Deed · related $125M · Credit Suisse Ag
    Jul 2, 2019 — Wccp 6900 E Camelback LLC — Deed · related $17.8M · Symetra Life Insurance Co
    Jul 18, 2018 — Wccp 6900 E Camelback LLC Wrm Hayden Investments LLC Warranty Deed $17.5M · Bmo Harris Bk NA
    Apr 11, 2017 — West Coast Capital Ptrs LLC Pvp Investments LLC Grant Deed · related $17.5M · Bmo Harris Bk NA
    Mar 29, 2017 $21,825,000 Wrm Hayden Investments LLC Wccp II Camelback Tower Ll Grant Deed —
    Mar 6, 2013 — Scottsdale Fashion Square LLC — Grant Deed · related $525M · Citigroup Global Markets Rlty
    Aug 30, 1995 $19,195,480 Holdings L L C Camelview Business Of Arizona INC Grant Deed · related —
    — — Scottsdale Fashion Square Partne — Deed Of Trust · related —
    — — Westcor Company II L P — Deed Of Trust · related —

    Description

    Camelback Tower, a prominent 11-story building located at 6900 E Camelback Rd, Scottsdale, AZ 85251, offers three available office suites ideal for medical or traditional office tenants. Built in 1972 and extensively renovated in 2018, this Maricopa County property boasts a total of 143,537 square feet. The available spaces range from a minimum of 1,007 square feet to a maximum contiguous space of 1,056 square feet, providing flexibility for various business needs. A total of 3,096 square feet is currently vacant. The building features ample parking, with a ratio of 5 parking spaces per 1000 square feet. This prime Scottsdale location offers easy access to major transportation routes and amenities. The property is classified as both Traditional Office and Medical Office space, making it a versatile option for a range of businesses. The building's modern amenities and convenient location make it an attractive option for businesses seeking high-quality office space in a thriving area. Inquire today to learn more about these exceptional office suite opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $28,730,000
      Market price range: $3.94M - $42.0M
      AI Estimate
      $25,994,000
      Market price range: $2.70M - $40.9M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $22,880,000
      Current use
      AUTO REPAIR, GARAGE
      $43,560,000
      Change: +90% Conversion: Difficult
      OFFICE BUILDING
      $39,785,000
      Change: +74% Conversion: Moderate
      MEDICAL BUILDING
      $36,935,000
      Change: +61% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.931
    Latitude
    33.5038
    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
    $240,412
    $0.00
    $0.00
    $5,289,158
    -
    $2,987,400
    $29,068,100
    $32,055,500

    Comparable in this City

    • Value Estimation
      $45,200,000
      361,652 SF

      6900 Camelback Rd, Unit 4

      REGIONAL SHOPPING CENTER, MALL
      6900 Camelback Rd, Scottsdale, AZ 85251-2431
      View Details
    • Value Estimation
      $28,235,000
      226,205 SF

      7035 Camelback Rd

      REGIONAL SHOPPING CENTER, MALL
      7035 Camelback Rd, Scottsdale, AZ 85251
      View Details
    • Value Estimation
      $14,025,000
      100,000 SF

      6900 Camelback Rd, Unit 4

      REGIONAL SHOPPING CENTER, MALL
      6900 Camelback Rd, Scottsdale, AZ 85251-2431
      View Details
    • Value Estimation
      $22,145,000
      59,270 SF

      4500 Scottsdale Rd

      REGIONAL SHOPPING CENTER, MALL
      4500 Scottsdale Rd, Scottsdale, AZ 85251-7604
      View Details
    • Value Estimation
      $6,030,000
      15,365 SF

      7014 Camelback Rd

      REGIONAL SHOPPING CENTER, MALL
      7014 Camelback Rd, Scottsdale, AZ 85251-1227
      View Details
    • Value Estimation
      $765,000
      6,728 SF

      Scottsdale, AZ 85251

      SHOPPING CENTER, STRIP CENTER
      Scottsdale, AZ 85251
      View Details

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      Scottsdale Fashion Square Offices

      Premium office leasing opportunity in the heart of Scottsdale, Arizona.
      7150 E Camelback Rd, Scottsdale, AZ 85251
      View Details
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      Retail Space in Old Town

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      Mixed-Use Project For Lease

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      Retail Space in Scottsdale Center

      Retail space available in future Whole Foods anchored Scottsdale center.
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      View Details
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    Scottsdale, AZ 85251
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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.

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