Private Secured Coworking
For Sale
Contact for pricing
112 N Central Avenue M08, Phoenix, AZ 85004
Renovated workspace in a restored 1919 building with upgraded technology and flexible office options.
Property Size80 SF
Price / SF$4.99
Days on Market71
Property Features for 112 N Central Avenue M08
General Information
Standard status
Active
Size
80 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 21
Changed: Oct 26
Last Checked: Oct 30 at 2:49PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This coworking space occupies the restored Heard Building, a historic property originally constructed in 1919. The building now provides renovated office suites, upgraded IT infrastructure, high-speed internet, and flexible workspace arrangements for businesses and professionals. A secured private workspace setting supports professional use within a shared office environment.
The property is in downtown Phoenix at 112 N Central Ave, near dining, transit, and cultural destinations. Phoenix City Hall, the Phoenix Convention Center, and the light rail are all described as being steps from the building, placing the workspace within an established civic and business setting.
The property is in downtown Phoenix at 112 N Central Ave, near dining, transit, and cultural destinations. Phoenix City Hall, the Phoenix Convention Center, and the light rail are all described as being steps from the building, placing the workspace within an established civic and business setting.
Key Highlights
- Private secured workspace in downtown Phoenix
- Heard Building originally constructed in 1919
- Restored historic building with renovated office suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,369
Suggested Prices Based on Cap Rates
Cap Rate 5%
$27,380
$27.4K
Cap Rate 7%
$19,557
$19.6K
Cap Rate 9%
$15,211
$15.2K
Market Conditions
NOI Build-Up for 80 SF
Gross rent
$2.5K $30.72/SF
− Vacancy
−$632 −$7.90/SF
EGI
$1.8K $22.82/SF
− OpEx
−$456 −$5.71/SF
NOI
$1.4K $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%
$27,380
Cap Rate 7%
$19,557
Cap Rate 9%
$15,211
Alternative Uses
Best Use
Office B
$19.6K
$17.1K – $22.8K
NOI $1,369 @ 7.0% cap · market cap 343.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$24.2K
$21.2K – $28.3K
NOI $1,696 @ 7.0% cap · market cap 425.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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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?
Coworking space - Renovated workspace in a restored 1919 building with upgraded technology and flexible office options.
Where is this coworking space located?
The property is located at 112 N Central Avenue M08 Phoenix, AZ.
What are key features of this property?
This property features: Private secured workspace in downtown Phoenix; Heard Building originally constructed in 1919; Restored historic building with renovated office suites
