8711 Pinnacle Peak RdScottsdale, AZ 85255

  • Retail properties
  • 6,546 SF
For Lease
$26/SF/YR View listing

Property Details for 8711 Pinnacle Peak Rd

Year built
1977
Construction
CONCRETE
Lot size
5.92 AC
Property size (Sq ft)
6,546 SF
Zone code
C-2
Property type
Retail properties
Property subtype
Retail space
APN
212-01-597
APU
21201597

Description

This exceptional Scottsdale commercial property, located at 8711 E Pinnacle Peak Rd, 85255, offers a unique blend of retail and office spaces within a charming Spanish Village-style design. The 45,124 square foot building, constructed in 1974, sits on an 8.36-acre lot and boasts a picturesque setting with a bell tower, stone patio, balconies, fountain, courtyard, and cactus garden. Currently, there are 12,755 square feet of vacant space available, divisible into units ranging from a minimum of 468 square feet to a maximum contiguous space of 6,373 square feet. The property is zoned C-2, Scottsdale, and enjoys excellent visibility and accessibility with its location at the intersection of Pinnacle Peak Road and Pima Road, a high-traffic area with 40,257 vehicles per day. Ample parking is provided, with a ratio of 4.00 spaces per 1,000 square feet. The property's diverse layout accommodates multiple tenants, making it ideal for a variety of businesses. This is a rare opportunity to secure space in a well-established, aesthetically pleasing commercial center in a highly desirable Scottsdale location. The property's unique architectural style and landscaping create a memorable and inviting atmosphere for both tenants and customers.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,821,179
    6.5%
    $2,604,165
    7%
    $2,418,154
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,721,150
    Geo Method
    $3,721,150
  • Alternative Use

    Use
    Valuation
    Residential
    $2,196,711
    Hospitality
    $2,012,175
    Educational
    $1,674,106
    Medical
    $1,731,681
    Retail
    $2,604,165
8711 Pinnacle Peak Rd, Scottsdale, Arizona

Location Insight

City
Scottsdale
County
Maricopa
State
Arizona
Latitude
33.6978
Longitude
-111.893
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
$72,263
-
-
$1,444,047
-
$4,681,100
$4,070,700
$8,751,800

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