8711 Pinnacle Peak RdScottsdale, AZ 85255

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 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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,187,010

  6.5%

  $2,018,770

  7%

  $1,874,580

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,535,710

  Geo Method

  $1,535,710

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,926,940

  Mixed-Use / Specialty

  $2,015,570

  Hospitality / Lodging

  $1,483,950

  Office

  $2,007,750

  Institutional / Educational

  $2,096,800

  Residential Income

  $2,453,260

  Multifamily

  $2,920,190

  Automotive / Energy

  $1,797,260

  Parking / Income-Based Land

  $616,271

  Restaurant / Food Service

  $1,056,820

  Healthcare / Senior Housing

  $2,062,830

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

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