Phoenix Office Building For
For Sale
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3620 N 4 Ave, Phoenix, AZ
Two-story office building with flexible layout in Phoenix, Arizona.
Property Size18,350 SF
Lot Size0.92 Acres
Price / SF$175
Days on Market1059
Property Features for 3620 N 4 Ave
General Information
Standard status
Active
Size
18,350 SF
Lot size
0.92 Acres
Property subtype
OFFICE
Listing Agency:
Avison Young | Phoenix
(480) 463-4199
Listed By:
Kelly Carlon · License #SA669487000
Source:
Moodyscre
Added: Sep 7, 2023
Changed: Jul 6
Last Checked: Jul 21 at 6:19AM
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 Avison Young | Phoenix
Investment Insights
Based on property information with market context.
This two-story office building in Phoenix, Arizona, offers a versatile layout suitable for various professional uses. The first floor features seven offices, two lobbies/receptions, open work areas, a conference room, storage rooms, and a commercial kitchen/dining area. The second floor includes ten offices, two lobbies/receptions, two conference rooms, open workspace, storage rooms, a breakroom, a copy/work room, and two large group areas. Previously used as an Adult Day Care Facility, the building contains 17 restrooms, including 4 with showers. The property has a total size of 18,350 square feet.
Key Highlights
- Seventeen restrooms, including four with showers.
- Two floors with multiple offices, lobbies/receptions, conference rooms, and open workspace areas.
- Includes a commercial kitchen/dining area, breakroom, and copy/work room.
Financial Insights For Healthcare Medical
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 | $484.4k | $26.40 |
| − Vacancy | −$48.4k | −$2.64 |
| EGI | $436.0k | $23.76 |
| − OpEx | −$174.4k | −$9.50 |
| NOI | $261.6k | $14.26 |
18,350 SF · lease $26.40/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Office B
$4.49M
$3.93M – $5.24M
NOI $314,129 @ 7.0% cap · market cap 9.78%
Second Best
Healthcare Medical
$3.74M
$3.27M – $4.36M
NOI $261,598 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$5.56M
$4.86M – $6.48M
NOI $389,086 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,005
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with flexible layout in Phoenix, Arizona.
Where is this office building located?
The property is located at 3620 N 4 Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,211,250.
What are key features of this property?
This property features: Seventeen restrooms, including four with showers.; Two floors with multiple offices, lobbies/receptions, conference rooms, and open workspace areas.; Includes a commercial kitchen/dining area, breakroom, and copy/work room.
