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    OFF-MARKET
    Office Spaces

    8155 Indian Bnd Rd, Scottsdale, AZ 85250-4827

    3.71 ac lot
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US07-1805035
    Property summary
    AI-generated overview

    This exceptional Scottsdale office space, located at 8155 E Indian Bend Rd, Suite 103, presents a compelling investment opportunity. The 1,562 square foot unit is situated within the Indian Bend Corporate Center and boasts a desirable location in the 85250 zip code. Currently leased to a State Farm agent under a triple-net (NNN) lease, the property generates a substantial net operating income. The lease commenced in February 2023 and expires in May 2026, with a single three-year renewal option at market rates, extending the potential lease term to May 2029. The asking price is $623,238, representing a 5.98% capitalization rate. The property features a spacious open reception area, a private bathroom, a storage closet, three private offices, and a large breakroom, all with modern finishes. The property is zoned PCC (Maricopa County APN: 174-11-410, 174-11-412) and offers a strong, stable income stream for investors seeking a traditional office investment in a prime Scottsdale location. The current net operating income is $37,296 annually. This is a turnkey investment ready for immediate income generation.

    Property profile
    Verified
    Property type Office Spaces
    Use group CONDOMINIUM OFFICES
    Lot 3.71 ac (161,807 SF)
    Zoning code PCC
    APN 174-11-425
    UPID US07-1805035
    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
    • Rory Martin American Family Insurance Insurance Agency
    • 4MOST Marketing & Advertising (Bike/Boat/Book/etc) Store
    • SayGo Home Loans Loan Service Bank
    • Dentek Dental Laboratory Dental Office
    • SalesGenomix Consultant Human Resource Consulting
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Tee Jay Management Group LLC · 2 yrs held
    Tee Jay Management Group LLC
    since 2023
    7 recorded transactions
    2023
    $609,180
    2023
    $4.5M
    2023
    2022
    $390,500
    2020
    2019
    $2.8M
    2006
    Zoning & alternative use
    PCC · Scottsdale, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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