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Property profile & analytics
FOR LEASE
Office buildings
6909 E Greenway Pkwy, Scottsdale, AZ 85254
Individually Owned
29-yr Hold
Free & Clear
Property ID
US07-0862939
For Lease
1 / 4
$26,505,000
6909 E Greenway Pkwy, Scottsdale, AZ 85254
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Property summary
AI-generated overview
This Class A office space, located in the desirable Kierland Office Park at 6909 E Greenway Pkwy, Scottsdale, AZ 85254, offers multiple tenancy options within a 50,000 square foot building. Built in 1998, the property boasts convenient access to a wide array of restaurants, hotels, and shopping within the vibrant Kierland area. Currently, there are 8,504 square feet of vacant space available, divisible into units ranging from a minimum of 3,302 square feet to a maximum contiguous space of 5,202 square feet. The building provides ample parking with a 4:1000 ratio, ensuring convenient parking for tenants and their guests. Ideal for businesses seeking a prime location in Scottsdale with flexible space options and excellent amenities nearby. The property's executive office subtype caters to businesses seeking a sophisticated and professional environment. This is a rare opportunity to secure high-quality office space in a highly sought-after location. Contact us today to learn more about leasing options and availability.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
STEEL FRAME
Total area
56,733 SF
Lot
9.15 ac (398,507 SF)
Zoning code
CP/GCP
APN
215-58-008
UPID
US07-0862939
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Westwood Professional Services Engineer Civil Engineer
-
Clear Title Agency of Arizona Title Company
-
Parfet & Associates - Ameriprise Financial Services, LLC Financial Advisor
-
Nick Robertson - Title Insurance Title Company
-
Lucas Aaronson Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$26.50M
Blend (final)
Blend
$26.51M
Owner & transaction history
Scottsdale L L C Hilltop · 29 yrs held
Scottsdale L L C Hilltop
since 1997
2 recorded transactions
Zoning & alternative use
CP/GCP · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$40.7M
+148.5%
Commercial (general)
$27.7M
+69.5%
Retail stores
$26.1M
+59.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Scottsdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scottsdale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$16,365,000
Current use
RESTAURANT
$40,670,000
Change: +149% · Conversion: Moderate
COMMERCIAL (GENERAL)
$27,745,000
Change: +70% · Conversion: Easy
RETAIL STORES
$26,130,000
Change: +60% · Conversion: Moderate
AUTO REPAIR, GARAGE
$23,375,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$19,820,000
Change: +21% · Conversion: Easy
Blend value · Realmo final
$26.51M
Range $23.85M – $29.16M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$467 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$375,455
Tax year 2023
Assessed value
$5,617,487
Assessed 2024
Previous assessed
$5,517,792
+1.8% YoY
Effective rate
6.68%
On assessed value
Land market value
$11,896,500
Improvement market value
$22,148,873
Total market value
$34,045,373
Applied tax rate
691,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1998
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
REFRIGERATOR
Buildings
2
Stories
2
Units
2
Total area
56,733 SF
Lot
9.15 ac (398,507 SF)
Zoning code
CP/GCP
APN
215-58-008
UPID
US07-0862939
Jurisdiction
MARICOPA
Zoning & alternative use
CP/GCP · Scottsdale, AZ
Zoning CP/GCP · permitted uses
CP/GCP · Scottsdale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Scottsdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$16.4M
RESTAURANT
Est. value
$40.7M
COMMERCIAL (GENERAL)
Est. value
$27.7M
RETAIL STORES
Est. value
$26.1M
AUTO REPAIR, GARAGE
Est. value
$23.4M
MEDICAL BUILDING
Est. value
$19.8M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
2
Units
2
Lot
9.15 ac
Current owner
From public records · entity-resolved
Scottsdale L L C Hilltop
Individual
Free & Clear · 29 yrs held
Mailing address
14648 N SCOTTSDALE RD STE #345, SCOTTSDALE, AZ 85254-2777
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2022
—
Luis Rodriguez Gonzalez
—
Deed
related
$13,110 · Arizona Industrial Development Authority
Feb 21, 1997
$2,503,181
Scottsdale L L C Hilltop
Phxaz L P
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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