7430 Butherus DrScottsdale, AZ 85260

Property Details for 7430 Butherus Dr

Year built

1980

Construction

CONCRETE

Lot size

1.72 AC

Property size (Sq ft)

11,667 SF

Zone code

I-P

Property type

Office properties

Property subtype

Office buildings

APN

215-56-001R

APU

21556001R

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,420,554

  6.5%

  $3,157,435

  7%

  $2,931,904

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,631,842

  Geo Method

  $2,631,842

• Alternative Use

  Use

  Valuation

  Residential

  $3,915,219

  Hospitality

  $3,586,320

  Educational

  $2,983,776

  Medical

  $3,086,392

  Retail

  $4,641,429

Location Insight

City

Scottsdale

County

Maricopa

State

Arizona

Latitude

33.6232

Longitude

-111.919

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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