Commercial Real Estate Newbie Here - Need Some Help Estimating Cost Per Square Foot to Building a New Adult Daycare Center in Scottsdale, Arizona
I will be start a new adult daycare service in the downtown Scottsdale area. This will involve demolishing the two current buildings onsite and having a new 16,000 sq. ft. single-story building constructed. For planning purposes, can anyone give me a general idea of what it would cost to build something like this? It will a fire resistive (ISO Class 6, IBC Type IA) build. Does $18/sq ft sound like a reasonable estimate?
[{"id": "crex9g0", "text": "I can't give you a great estimate, but I can say you're an order of magnitude off. I typically underwrite $200/sf in a primary market for ground up construction to get to a vanilla box for retail, which I assume is more or less going to cost the same as adult daycare uses (similar number of demising walls, bathrooms, etc.) Then, add in buildout and your demo costs. (very) Rough estimate? $275-$300/sf, depending on quality of your buildout. ", "replies": [], "depth": 1}, {"id": "crexing", "text": "Yea, you're way off. Try multiplying that number by 10. And then add $50-$100k for a parking lot.\n\nAlso, demo is hugely expensive. \n\n", "replies": [], "depth": 1}, {"id": "crf0bn5", "text": "A typical industrial building (concrete tilt-up) will run between $55-$85/sf. A medical office with a soft shell would run about $120-$160/sf. \n\nCheck out the cost calculator on Fullmer Construction App for iphone or you can go to their homepage. They update costs monthly so this is typically my go-to vs. getting the cost sheets from other companies.\n\n*This is only construction cost, as others have said it can much more expensive.", "replies": [], "depth": 1}, {"id": "crf44g8", "text": "this is the type of question you just aren't going to get a good answer for online.  Talk to a developer/builder that can do a rough analysis of the lot &amp; demo/prep costs.  Thats really the only way you are going to find out.  Like others said your 18 is way off but if that is 200 or 300 / ft really who the hell knows based off of what you've said?  \n\n", "replies": [], "depth": 1}, {"id": "crf6k9l", "text": "I just completed an 8500 sq. ft building to lease to an adult day care. The total cost of the building was $67.50 per foot without the land or parking lot. This is for wood frame construction with metal on three sides and an attractive brick front. This was in rural KY with minimal codes so I would imagine your building would easily be double the cost.", "replies": [{"id": "crg6998", "text": "Seattleite here. Let me just take a moment and fantasize about those KY construction prices. Ah... that felt good.\n\nRural KY is beautiful. Where are you?", "replies": [{"id": "crgamxk", "text": "South Central Kentucky. Fairly close to the Tennessee line.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "crfjd6u", "text": "I have nothing to add but this is all fascinating for me given that my developments are all well north of $500/rsf; inclusive of land. ", "replies": [], "depth": 1}, {"id": "crg67uu", "text": "As others say, you're off by a factor of 10; I can't imagine you'll get away with it for less than $2.5 million, and I'm assuming you own the land already. Scottsdale is expensive and you'll have a ton of bureaucratic hoops to jump through. Do you even know if you can build an adult daycare on that site? Good luck on your venture.", "replies": [], "depth": 1}]