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    Phoenix Office Building For Sale Title is generated by Realmo AI

    555 W Turney Ave, Phoenix, AZ

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    Office building with 24,210 square feet of space.

    Type:OFFICE
    Property size:
    24,210 SF
    Lot size:
    0.81 Acres
    Price / SF:
    $295/SF
    Added:
    Apr 7, 2025
    Days on Market:
    438
    Last Refresh:
    May 20 at 8:17 pm

    Property Features for 555 W Turney Ave

    General Information

    Standard status
    Active
    Size
    24,210 SF
    Lot size
    0.81 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 555 W Turney Ave Contact us

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    Listing Contact
    Kurt Kerner
    Kurt Kerner

    Listing agent Kurt Kerner License #SA704414000

    Listing office Kidder Mathews | Phoenix

    Listing date Apr 7, 2025

    Source Moodyscre

    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 Kidder Mathews | Phoenix

    HighLights

    • Office building
    • 24,210 square feet of space

    Overview

    This office building in Phoenix, Arizona, offers 24,210 square feet of space. The property is intended for use as office space.

    Local Financial Insights For Office B

    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 $743.7k $30.72
    − Vacancy −$191.1k −$7.90
    EGI $552.6k $22.82
    − OpEx −$138.1k −$5.71
    NOI $414.4k $17.12
    24,210 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $5.92M
    $5.18M – $6.91M (±1% cap)
    NOI $414,444 @ 7.0% cap · market cap 5.80%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $7.33M
    $6.42M – $8.56M (±1% cap)
    NOI $513,339 @ 7.0% cap · market cap 7.19%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Forward Loans :: PHX Loan Service CoOperate Melrose Coworking & Hybrid Office The Material Collective Big Box & Wholesale Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.082
    Latitude
    33.5

    FAQs

    What type of property is this?
    Office building - Office building with 24,210 square feet of space.
    Where is this office building located?
    The property is located at 555 W Turney Ave Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $7,141,950.
    What are key features of this property?
    This property features: Office building; 24,210 square feet of space
    (858) 964-8019 Call to check price and availability
    More about this property
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