Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    101 N 1St Ave Phoenix, AZ 85003

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime downtown office space near transportation, entertainment, dining, and retail.

    Property size:
    13,254 SF
    Lot size:
    1.56 Acres

    Property Features for 101 N 1St Ave

    General Information

    Size
    13,254 SF
    Lot size
    1.56 Acres

    We can help!

    Listing Contact
    Brett Abramson
    Source: Moodyscre

    Listing Agent: Brett Abramson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Downtown Office Space Available

    This office space is located in a prime downtown location, offering convenient access to major public transportation. The property is situated in close proximity to multiple entertainment venues and is surrounded by a variety of dining and retail options. Major freeways are easily accessible from this location. The property offers 13,254 square feet of office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Valley Metro Transportation Service Harumi Sushi Bar Japanese Restaurant Public Consulting Group Business Management Consultant Flight Data Services Aviation Consultant UFG Specialty Insurance Broker

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Restaurant Nail Salon Daycare Center Building Supply Clothing Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.0754037
    Latitude
    33.4496165

    Nearby Similar for Lease

    • $19 SF/Yr
      4,792 SF

      Phoenix Office/Medical Office Building

      Commercial office/medical building with great visibility and secured parking.
      2101 W Bethany Home Rd, Phoenix, AZ 85015
      View Details
    • $2,695 /Mo
      1,360 SF

      Arcadia Townhome with Modern Luxury

      Two-bedroom townhome in Arcadia, built in 2021, spanning 1,360 square feet.
      6115 E Hollyhock St, Phoenix, AZ 85018
      View Details
    • $26 SF/Yr
      1,286 SF

      Phoenix Retail Space For Lease

      Multi-tenant retail property in a dominant Phoenix retail corridor.
      2441 E Indian School Rd, Phoenix, AZ 85016
      View Details
    • Contact for pricing
      4,154 SF

      Retail Space in Market Place

      Retail space available in a vibrant Phoenix shopping center.
      111-217 E Dunlap Ave, Phoenix, AZ 85020
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Market Place

      Retail space with high foot traffic near Sunnyslope High.
      17 E Dunlap Ave, Phoenix, AZ 85020
      View Details
    • Contact for pricing
      221,836 SF

      Premier Office Space in Phoenix

      Class A office building in the Camelback Corridor.
      2415 E Camelback Rd, Phoenix, AZ 85016
      View Details
    • $1.25 SF/Yr
      27,489 SF

      Phoenix Industrial Facility with Secured Yard

      27,489 SF industrial building with secured yard for lease.
      1035 E Riverview Dr, Phoenix, AZ 85034
      View Details
    • $2,295 /Mo
      1,203 SF

      Stylish Condo in Gated Community

      Well-maintained 2-bed, 2.5-bath condo with resort-style amenities.
      2432 E Montecito Ave, Phoenix, AZ 85016
      View Details
    • $16 SF/Yr
      7,910 SF

      Camelback Corridor Office Space

      Prime leasing opportunity in Phoenix's prestigious Camelback Corridor.
      4520 N 12Th St, Phoenix, AZ 85014
      View Details
    • Contact for pricing
      800 SF

      Phoenix Retail Space For Rent

      Retail space in a high-traffic Phoenix location.
      5350 E High St, Phoenix, AZ 85054
      View Details
    • $45 SF/Yr
      27,684 SF

      Class A Office Space Available

      Modernized office space with abundant amenities in premier location.
      2394 E Camelback Rd, Phoenix, AZ 85016
      View Details
    • Contact for pricing

      Prime Retail Space in Phoenix

      Exceptional leasing opportunity in a thriving Phoenix commercial hub.
      10235 North Metro Pkwy East, Phoenix, AZ 85051
      View Details

    FAQs

    What type of property is this?
    Office space - Prime downtown office space near transportation, entertainment, dining, and retail.
    Where is this office space located?
    The property is located at 101 N 1St Ave Phoenix, AZ.
    What are key features of this property?
    This property features: - Prime downtown location; - Near major public transportation; - Close to multiple entertainment venues
    Request Owner's contact information
    101 N 1St Ave Phoenix, AZ 85003
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    101 N 1St Ave
    Phoenix, AZ 85003
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 N 1St Ave Phoenix, AZ 85003
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Brett Abramson
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.