14891 Northsight BlvdScottsdale, AZ 85260

Property Details for 14891 Northsight Blvd

Year built

2004

Construction

CONCRETE

Lot size

9.28 AC

Property size (Sq ft)

33,890 SF

Zone code

C-2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

215-52-034S

APU

21552034S

Description

This exceptional retail opportunity is located in the thriving Scottsdale Airpark submarket, at the highly visible intersection of Northsight Boulevard and Raintree Drive. The property offers three available spaces, ranging from 1,600 to 9,500 square feet, perfect for a variety of retail uses. Recently renovated in 2024, the spaces are ready for immediate occupancy. This prime location benefits from an incredibly strong workforce, with over 143,000 employees in the immediate area. The Scottsdale Airpark itself boasts over 85 major businesses and nearly 3,200 small and medium-sized businesses, ensuring a substantial customer base. The property is situated in the heart of Northsight Village, alongside established national brands such as Costco, Home Depot, and Super Walmart, providing excellent synergy and high foot traffic. Furthermore, its proximity to major annual events like the Waste Management Open (within 1.5 miles, attracting over 700,000 visitors) and the Barrett-Jackson Collector Car Auction (also within 1.5 miles, drawing over 400,000 attendees) offers unparalleled exposure and potential for increased sales. The minimum divisible space is 9,500 square feet, providing flexibility for larger tenants. This is a truly unique opportunity to establish a presence in one of Scottsdale's most dynamic and high-traffic commercial areas.

• CAP approach

  CAP return

  Valuation

  6%

  $14,605,829

  6.5%

  $13,482,304

  7%

  $12,519,282

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,265,164

  Geo Method

  $19,265,164

• Alternative Use

  Use

  Valuation

  Residential

  $11,372,827

  Hospitality

  $10,417,449

  Educational

  $8,667,195

  Medical

  $8,965,273

  Retail

  $13,482,304

Location Insight

City

Scottsdale

County

Maricopa

State

Arizona

Latitude

33.6202

Longitude

-111.897

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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