15011 75Th StScottsdale, AZ 85260

Property Details for 15011 75Th St

Year built

1998

Construction

CONCRETE

Lot size

1.49 AC

Property size (Sq ft)

21,663 SF

Zone code

I-1

Property type

Office properties

Property subtype

Office buildings

APN

215-56-001Y

APU

21556001Y

Description

This exceptional Class A office building, totaling 21,664 square feet, is ideally situated in Scottsdale Airpark, just steps from the airport and blocks from Kierland Commons and Scottsdale Quarter. Completely renovated six months ago, the property boasts brand new HVAC systems, smart thermostats, high-end finishes, abundant natural light, and convenient parking. The two-story building features 18 private offices, two conference rooms, and a lounge, all easily accessible via an elevator. Located in a high-demand area with a dense retail corridor including national and local favorites, this property offers significant value-add potential due to its prime location and recent renovations. The surrounding area boasts a high average household income ($146,915 within a 2-mile radius) and a large population (over 187,500 within a 5-mile radius), projected to grow. The property sits on a 1.49-acre lot and is currently vacant, presenting a unique opportunity for a company headquarters or other high-profile tenant. Its proximity to golf courses like TPC Scottsdale further enhances its appeal. The asking price is $8,999,999, translating to $415.44 per square foot. This is a truly remarkable opportunity to acquire a premier office space in one of Scottsdale's most desirable locations.

• CAP approach

  CAP return

  Valuation

  6%

  $6,351,202

  6.5%

  $5,862,648

  7%

  $5,443,887

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,886,740

  Geo Method

  $4,886,740

• Alternative Use

  Use

  Valuation

  Residential

  $7,269,683

  Hospitality

  $6,658,990

  Educational

  $5,540,202

  Medical

  $5,730,738

  Retail

  $8,618,092

Location Insight

City

Scottsdale

County

Maricopa

State

Arizona

Latitude

33.6226

Longitude

-111.917

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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