Renovated Office
For Sale
Contact for pricing
112 N Central Avenue 700G, Phoenix, AZ 85004
Flexible workspace supported by upgraded IT infrastructure and high-speed internet.
Property Size725 SF
Price / SF$2.08
Days on Market86
Property Features for 112 N Central Avenue 700G
General Information
Standard status
Active
Size
725 SF
Property subtype
Comm/Industry Lease
Site & Location
Neighborhood
Central City
Public Transit
Yes
Amenities
upgraded IT infrastructure
high-speed internet
flexible workspace options
Building Details
Year Built
1919
Listing Agency:
West USA Realty
(480) 948-5554
Listed By:
Everardo M Chavez · License #BR657488000
(602) 842-4242
Source:
Lisaroberts
Added: Aug 5
Changed: Oct 25
Last Checked: Oct 28 at 9:02AM
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 West USA Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Office Unit 700G is located within the Heard Building, a 1919 property in downtown Phoenix that combines historic architecture with updated commercial workspace. The unit is part of a fully renovated office environment with upgraded IT infrastructure, high-speed internet, and flexible workspace options for businesses at different stages of growth.
The property sits at 112 N Central Ave in Phoenix, near City Hall, the Phoenix Convention Center, and light rail. Dining and cultural destinations are also located nearby, placing the office in an established downtown setting with access to transit and civic amenities.
The property sits at 112 N Central Ave in Phoenix, near City Hall, the Phoenix Convention Center, and light rail. Dining and cultural destinations are also located nearby, placing the office in an established downtown setting with access to transit and civic amenities.
Key Highlights
- Office Unit 700G at 112 N Central Ave, Phoenix, AZ 85004
- Located within the Heard Building, originally built in 1919
- Fully renovated office suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,411
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,220
$248.2K
Cap Rate 7%
$177,300
$177.3K
Cap Rate 9%
$137,900
$137.9K
Market Conditions
NOI Build-Up for 725 SF
Gross rent
$22.3K $30.72/SF
− Vacancy
−$5.7K −$7.90/SF
EGI
$16.5K $22.82/SF
− OpEx
−$4.1K −$5.71/SF
NOI
$12.4K $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%
$248,220
Cap Rate 7%
$177,300
Cap Rate 9%
$137,900
Alternative Uses
Best Use
Office B
$177.3K
$155.1K – $206.9K
NOI $12,411 @ 7.0% cap · market cap 821.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$219.6K
$192.2K – $256.2K
NOI $15,373 @ 7.0% cap · market cap 1,018.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,663
Businesses Nearby
Explore this area
Business Placement
Demographics for 85004, AZ
8,833
Population
6,455
Households
1.4
Avg Household Size
32
Median Age
59%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
4,206
Density / Sq Mi
$71,250
Median Household Income
$46,376
Median Earnings
$1,759
Median Rent
$365,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Office unit - Flexible workspace supported by upgraded IT infrastructure and high-speed internet.
Where is this office unit located?
The property is located at 112 N Central Avenue 700G Phoenix, AZ.
What are key features of this property?
This property features: Office Unit 700G at 112 N Central Ave, Phoenix, AZ 85004; Located within the Heard Building, originally built in 1919; Fully renovated office suites
