Property profile

7425 E Shea Blvd Scottsdale, AZ 85260

FOR LEASE
Medical Office Space
Property ID
US07-1225953
43,639 SF 2.65 ac lot Built 1998
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A medical office building, Shea Medical Plaza, is located at 7425 E Shea Blvd in Scottsdale, Arizona, 85260. The single-story, 42,439 square foot building, constructed in 1999, offers multiple tenancy options with 3,865 square feet currently vacant. Suites range from 2,729 to 8,174 square feet, providing flexibility for various medical practices. The property boasts a prime location on heavily trafficked Shea Boulevard, ensuring high visibility and easy access. Convenient amenities include 35 total parking spaces in an underground garage with covered parking and elevator access. The S-R zoning allows for a variety of uses. The building features built-out suites ready for immediate occupancy, minimizing downtime for new tenants. Prominent building signage opportunities further enhance visibility. The property is situated near major healthcare facilities like Honor Health, providing a strategic advantage within the Scottsdale submarket. The Maricopa County location (APN 175-48-001G) offers a thriving business environment with no use restrictions, allowing for adaptable space utilization. This combination of location, amenities, and flexible space makes Shea Medical Plaza an attractive investment opportunity.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1998
Construction STEEL FRAME
Total area 43,639 SF
Lot 2.65 ac (115,434 SF)
Zoning code S-R
APN 175-48-001G
UPID US07-1225953

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Dental Office
  • Medical Clinic
  • Weight Loss Service Medical Clinic

Location

7425 E Shea Blvd Scottsdale, AZ 85260
Scottsdale metro Census 216813 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$9.57M
Comparable Approach Comparable
$20.81M
Blend (final) Blend
$11.88M

Owner & transaction history

since 2022
Last sale
$16.4M
4 recorded transactions
2022
$16.4M
2017
$11.7M
2012
$6.5M
1997
$1.4M

Zoning & alternative use

S-R · Scottsdale, AZ
Zoning description

10-foot wide landscape buffer abutting a Single-family Residential District. Multiple-family Residential (R-5) • Minimum 15-foot wide landscape buffer abutting a Single-family Residential District. Service Residential (S…

General category RESIDENTIAL
Top alternative use upside
Commercial (general) $21.3M +40.0%
Retail stores $20.1M +31.8%
Auto repair, garage $18.0M +17.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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