Multi-Suite Office
For Sale
$725,000
1050 S Page Springs Rd, Cornville, AZ 86325
Four leased office suites plus one partially remodeled vacancy offer an investor-ready configuration with available completion plans.
Property Size4,536 SF
Price / SF$159.83
Days on Market32
Property Features for 1050 S Page Springs Rd
General Information
Standard status
Active
Size
4,536 SF
Listing Agency:
McMahon & Miller Commercial
(928) 274-8628
Listed By:
Nikolaj Sivek
(928) 274-8628
Source:
Exprealty
Added: Jun 30
Changed: Jul 28
Last Checked: Jul 29 at 8:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McMahon & Miller Commercial
Investment Insights
Based on property information with market context.
1050 S Page Springs Road is a multi-suite office property featuring four currently leased suites and one vacant suite of approximately 1,600 SF that is partially remodeled. Plans are available to help streamline completion, supporting either lease-up or owner occupancy upon final build-out.
The property is located just minutes from downtown Cornville, with convenient access and local visibility in a growing commercial and residential area.
For buyers seeking a straightforward office asset with in-place tenant income and a supported path to completion, this building offers a manageable mix of leased and vacant space.
The property is located just minutes from downtown Cornville, with convenient access and local visibility in a growing commercial and residential area.
For buyers seeking a straightforward office asset with in-place tenant income and a supported path to completion, this building offers a manageable mix of leased and vacant space.
Key Highlights
- Four leased office suites plus one vacant ±1,600 SF suite for additional leasing or owner occupancy
- Vacant suite is partially remodeled, with completion plans available
- Commercial office asset located minutes from downtown Cornville
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.6k | $23.28 |
| − Vacancy | −$17.6k | −$3.89 |
| EGI | $88.0k | $19.39 |
| − OpEx | −$22.0k | −$4.85 |
| NOI | $66.0k | $14.54 |
4,536 SF · lease $23.28/SF/yr · vacancy 16.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$942.5K
$824.7K – $1.10M
NOI $65,972 @ 7.0% cap · market cap 9.10%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.52M
$1.33M – $1.77M
NOI $106,368 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Explore this area
Business Placement
Demographics for 86325, AZ
5,472
Population
2,914
Households
1.9
Avg Household Size
60
Median Age
35%
College-Educated
94%
High-School Grad
61.4 sq mi
ZIP Area
89
Density / Sq Mi
$75,078
Median Household Income
$41,167
Median Earnings
$1,540
Median Rent
$409,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Four leased office suites plus one partially remodeled vacancy offer an investor-ready configuration with available completion plans.
Where is this office units located?
The property is located at 1050 S Page Springs Rd Cornville, AZ.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Four leased office suites plus one vacant ±1,600 SF suite for additional leasing or owner occupancy; Vacant suite is partially remodeled, with completion plans available; Commercial office asset located minutes from downtown Cornville
