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7430 E Butherus Dr Scottsdale, AZ 85260

Office buildings Google Maps
11,667 SF 1.72 ac lot Built 1980
Entity Owned 5-yr Hold Free & Clear
Estimated value (blended)
$900k
Range $810k – $990k (±10%)
Property ID US07-0022194

Property summary

AI-generated overview

This exceptional Class B creative office space, totaling 21,060 square feet, is situated in desirable Scottsdale, Arizona, within Maricopa County. The property boasts a unique Frank Lloyd Wright architectural style and is conveniently located just east of the intersection of Scottsdale Road and Butherus Road. Offering easy access to Loop 101 freeway, Kierland Commons, and Scottsdale Quarter, this location provides unparalleled convenience. The building features lush landscaping and ample reserved covered parking, with a parking ratio of 4.5 spaces per 1,000 square feet. Currently, there is 3,295 square feet of immediately available space, perfect for a single tenant or multiple smaller businesses. The building also offers the advantage of private office entrances and the opportunity for prominent building signage. Its proximity to Scottsdale Airport, including access to two attached hangars, adds a unique benefit for businesses requiring air travel convenience. The multiple tenancy structure allows for flexibility in lease terms and space configuration. This is a rare opportunity to secure a highly desirable office space in a prime Scottsdale location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Construction CONCRETE
Total area 11,667 SF
Lot 1.72 ac (74,923 SF)
Zoning code I-P
APN 215-56-001R
UPID US07-0022194

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
  • Travel Agency Tour Operator
  • Law Firm Child Welfare Organization
  • (Bike/Boat/Book/etc) Store
  • Real Estate Agency
  • Real Estate Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.18M
Blend (final) Blend
$900k

Owner & transaction history

since 2021
7 recorded transactions
2021
Price N/A
2007
$2.6M
2006
Price N/A
2005
$2.5M
1998
Price N/A
1995
$1.2M
1994
$1.1M

Zoning & alternative use

I-P · Scottsdale, AZ
Top alternative use upside
Auto repair, garage $4.8M +156.0%
Medical building $4.1M +117.1%
Neighborhood: shopping center $2.5M +34.5%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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