Phoenix Office Building For
For Sale
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10828 N Cave Creek Rd, Phoenix, AZ 85020
Office building with training room and break room near SR51.
Property Size10,460 SF
Price / SF$229.45
Days on Market983
Property Features for 10828 N Cave Creek Rd
General Information
Standard status
Active
Size
10,460 SF
Class
B
Property subtype
Office
Zoning
C-2
Investment Type
Owner/User
Building Details
Year Built
1991
Year Renovated
2010
Stories
1
Listing Agency:
Keyser Commercial Real Estate
Listed By:
Brian Uretzky · License #AZ SA687945
(602) 953-9737
Source:
Crexi
Added: Feb 8, 2024
Changed: Oct 12
Last Checked: Oct 16 at 8:53AM
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 Keyser Commercial Real Estate
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Investment Insights
Based on property information with market context.
This commercial property is an office building featuring LED lighting and an alarm system. The building includes a training room and a break room. It is located within 2 miles of SR51 in Phoenix, Arizona. The property has a size of 10460 square feet.
Key Highlights
- Within 2 miles of SR51
- Training Room available
- Break Room for staff
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$179,062
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,581,240
$3.6M
Cap Rate 7%
$2,558,029
$2.6M
Cap Rate 9%
$1,989,578
$2.0M
Market Conditions
NOI Build-Up for 10,460 SF
Gross rent
$321.3K $30.72/SF
− Vacancy
−$82.6K −$7.90/SF
EGI
$238.7K $22.82/SF
− OpEx
−$59.7K −$5.71/SF
NOI
$179.1K $17.12/SF
Area
Phoenix, AZ
Vacancy
25.70%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,581,240
Cap Rate 7%
$2,558,029
Cap Rate 9%
$1,989,578
Alternative Uses
Best Use
Office B
$2.56M
$2.24M – $2.98M
NOI $179,062 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.17M
$2.77M – $3.70M
NOI $221,790 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
Explore this area
Business Placement
Demographics for 85020, AZ
34,534
Population
18,231
Households
1.9
Avg Household Size
43
Median Age
43%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,924
Density / Sq Mi
$78,412
Median Household Income
$48,230
Median Earnings
$1,389
Median Rent
$400,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Office building - Office building with training room and break room near SR51.
Where is this office building located?
The property is located at 10828 N Cave Creek Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Within 2 miles of SR51; Training Room available; Break Room for staff
