Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8729 Manzanita Dr Scottsdale, AZ 85258-4300

    • Office buildings
    • 3,336 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimations
    $970,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1197445
    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.

    Current Use by Public Records

    • Monarch Wellness Center / (Bike/Boat/Book/etc) Store
    • Mint Cannabis / (Bike/Boat/Book/etc) Store
    • Monarch, Powered by MedMen / Medical Clinic
    • Dispensary / Pharmacy
    • Med Men / Pharmacy

    Property Details for 8729 Manzanita Dr

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    0.24 lot acres
    Property size
    3,336 SF
    Zone code
    C-O
    Property type
    Office buildings
    APN
    174-04-952
    APU
    17404952

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $970,000
      Market price range: $416k - $1.17M
      AI Estimate
      $970,000
      Market price range: $416k - $1.17M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $805,000
      Current use
      RETAIL STORES
      $1,535,000
      Change: +91% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,375,000
      Change: +71% Conversion: Difficult
      MEDICAL BUILDING
      $1,165,000
      Change: +45% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $720,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.893
    Latitude
    33.5541
    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
    $5,758
    $0.00
    $0.00
    $123,344
    -
    $266,800
    $480,738
    $747,538

    Comparable in this City

    • Value Estimation by Request
      1,805 SF

      7720 Gainey Rnch Rd

      OFFICE BUILDING • 1,805 SF
      7720 Gainey Rnch Rd, Scottsdale, AZ 85258-1601
      View Details
    • Value Estimation
      $1,920,000
      7,257 SF

      9827 95th St Ste, Unit 105

      OFFICE BUILDING • 7,257 SF
      9827 95th St Ste, Scottsdale, AZ 85258-4591
      View Details
    • Value Estimation
      $2,380,000
      19,092 SF

      7400 Mccormick Pkwy Ste B100

      OFFICE BUILDING • 19,092 SF
      7400 Mccormick Pkwy Ste B100, Scottsdale, AZ 85258-2919
      View Details
    • Value Estimation
      $590,000
      2,066 SF

      8075 Morgan Trl

      OFFICE BUILDING • 2,066 SF
      8075 Morgan Trl, Scottsdale, AZ 85258-1293
      View Details
    • Value Estimation
      $24,590,000
      192,744 SF

      Scottsdale, AZ 85258

      OFFICE BUILDING • 192,744 SF
      Scottsdale, AZ 85258
      View Details
    • Value Estimation
      $5,025,000
      40,285 SF

      9500 Ironwood Sq Dr Ste, Unit 115

      OFFICE BUILDING • 40,285 SF
      9500 Ironwood Sq Dr Ste, Scottsdale, AZ 85258-4582
      View Details

    Similar Nearby for Sale

    • $2,950,000
      7,784 SF

      Ironwood Courtyard - Unit 120/125

      Ironwood Courtyard - Unit 120/125 For Sale
      9590 E Ironwood Square Dr. #120/125, Scottsdale, AZ 85258
      View Details
    • $22,600,000
      73,060 SF

      Class A Scottsdale Office Building

      Two-story, single-tenant office building in central Scottsdale.
      9145 E Pima Center Pkwy, Scottsdale, AZ 85258
      View Details
    • $3,195,000
      8,533 SF

      Freestanding Office Building For Sale

      Freestanding office building with convenient freeway access and abundant parking.
      21090 N Pima Rd, Scottsdale, AZ 85258
      View Details
    • Contact for pricing
      6,855 SF

      Medical Office Near HonorHealth

      Office space for sale across from HonorHealth Shea Medical Center.
      10245 N 92Nd St, Scottsdale, AZ 85258
      View Details
    • $2,950,000
      7,784 SF

      Scottsdale Leased Investment Opportunity

      Leased to Optum Care with long-term potential in Scottsdale.
      9590 E Ironwood Square Dr, Scottsdale, AZ 85258
      View Details
    • $967,180
      2,614 SF

      Well-Maintained Office Suite For Sale

      Immaculate office suite with great window line and covered parking.
      9777 N 91St St, Scottsdale, AZ 85258
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      3,572 SF

      Renovated Office Space in Scottsdale

      Recently renovated office space with Loop 101 access and ample parking.
      7975 N Hayden Rd, Scottsdale, AZ 85258
      View Details
    • $22 SF/Yr
      1,357 SF

      Well-Managed Office Building For Rent

      Two-story office building with floor-to-ceiling windows and ample parking.
      8502 Via De Ventura E, Scottsdale, AZ 85258
      View Details
    • $27 SF/Yr
      73,841 SF

      Office Building in Scottsdale, Arizona

      Office building with freeway exposure and access in Scottsdale.
      9237 Via De Ventura E, Scottsdale, AZ 85258
      View Details
    • $25 SF/Yr
      159,189 SF

      Renovated Office Buildings For Rent

      Two renovated office buildings with great parking and convenient amenities.
      7975 N Hayden Rd & 8655 Via E, Scottsdale, AZ 85258
      View Details
    • $33 SF/Yr
      111,934 SF

      Prime Office Space Available

      Office space for rent, convenient location near Hyatt Regency.
      8777 N Gainey Ctr Dr | Scottsdale, Scottsdale, AZ 85258
      View Details
    • $24 SF/Yr
      3,760 SF

      Freestanding Office Building For Lease

      Freestanding office building with high-end finishes and ample parking.
      8035 N 85Th Way, Scottsdale, AZ 85258
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8729 Manzanita Dr
    Scottsdale, AZ 85258-4300
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.