7101 Thunderbird RdScottsdale, AZ 85254

Property Details for 7101 Thunderbird Rd

Year built

1983

Construction

CONCRETE

Lot size

0.57 AC

Property size (Sq ft)

7,258 SF

Zone code

C-2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

175-05-001Z

APU

17505001Z

Description

This exceptional retail property, located at 7101 E Thunderbird Rd in Scottsdale, Arizona (zip code 85254), offers a prime commercial opportunity. The property boasts a total of 73,000 square feet, encompassing two suites, with 3 spaces currently available for lease. Individual spaces range from a minimum of 1,009 square feet to a maximum contiguous space of 1,349 square feet. A total of 3,414 square feet is currently vacant. The property is zoned C-2 by the City of Phoenix and situated in Maricopa County. This location benefits from a signalized intersection at Scottsdale Rd and Thunderbird Rd, ensuring high visibility and accessibility. The area is characterized by a dense employment corridor, with over 168,000 daytime employees within a 5-mile radius. Furthermore, the average household income within a 5-mile radius surpasses $134,000, indicating a strong consumer base with significant purchasing power. The high traffic volume at the intersection guarantees substantial foot traffic and visibility for businesses operating within this center. This presents a unique opportunity for businesses seeking a high-impact location in a thriving Scottsdale market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,128,035

  6.5%

  $2,887,417

  7%

  $2,681,173

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,125,894

  Geo Method

  $4,125,894

• Alternative Use

  Use

  Valuation

  Residential

  $2,435,644

  Hospitality

  $2,231,037

  Educational

  $1,856,197

  Medical

  $1,920,034

  Retail

  $2,887,417

Location Insight

City

Scottsdale

County

Maricopa

State

Arizona

Latitude

33.611

Longitude

-111.928

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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