Renovated Phoenix Office Building

3825 N 24th St, Phoenix, AZ

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For Sale

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5,000 SF renovated office building in prime Phoenix location.

Type:OFFICE

Property size:

5,000 SF

Lot size:

0.41 Acres

Price / SF:

$220/SF

HighLights

Renovated in 2025 with new HVAC, lighting, windows, interior/exterior paint, flooring, pavers, restrooms, and parking lot.
Flexible floorplan allows splitting into 2‑3 suites for additional income.
Prime Phoenix location near Biltmore Fashion Park.
5,000 SF building on a 16,870 SF lot.
23 Dedicated parking spaces.
Zoned R‑5, suitable for professional office or light medical uses.

We can help!

Listing Contact

Franklin Connell

For Sale

Contact for pricing

5,000 SF renovated office building in prime Phoenix location.

Type:OFFICE

Property size:

5,000 SF

Lot size:

0.41 Acres

Price / SF:

$220/SF

Added:: May 2, 2025
Days on Market:: 413
Last Refresh:: May 20 at 9:53 pm

Property Features for 3825 N 24th St

General Information

Standard status: Active
Size: 5,000 SF
Lot size: 0.41 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Franklin Connell

Listing agent Franklin Connell

Listing office Cutler Commercial

Listing date May 2, 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 Cutler Commercial

HighLights

Renovated in 2025 with new HVAC, lighting, windows, interior/exterior paint, flooring, pavers, restrooms, and parking lot.
Flexible floorplan allows splitting into 2‑3 suites for additional income.
Prime Phoenix location near Biltmore Fashion Park.
5,000 SF building on a 16,870 SF lot.
23 Dedicated parking spaces.
Zoned R‑5, suitable for professional office or light medical uses.

Overview

This is a 5,000 square foot building situated on a 16,870 square foot lot. The property features a flexible floor plan, presenting the opportunity to divide the building into 2-3 suites for additional income. Renovations were completed in 2025, including new HVAC units, lighting, windows, interior and exterior paint, flooring, pavers, restrooms, and parking lot. The property is zoned R-5, which allows for professional office or light medical uses. There are 23 dedicated parking spaces available. The location is in a prime area of Phoenix, with close proximity to Biltmore Fashion Park.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$153.6k	$30.72
− Vacancy	−$39.5k	−$7.90
EGI	$114.1k	$22.82
− OpEx	−$28.5k	−$5.71
NOI	$85.6k	$17.12

5,000 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.22M

$1.07M – $1.43M (±1% cap)

NOI $85,594 @ 7.0% cap · market cap 7.78%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.51M

$1.33M – $1.77M (±1% cap)

NOI $106,018 @ 7.0% cap · market cap 9.64%

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

Property Profile Location Intelligence

Current Use by Public Records

Lauren Nivison Physician Community Medical Services ... Medical Clinic

Suggested Use

Location Insight

Map
Local Demand

City: Phoenix
County: Maricopa
State: Arizona
Longitude: -112.03
Latitude: 33.4923

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For sale
Office buildings
AZ
Phoenix
3825 N 24th St

What type of property is this?

Office building - 5,000 SF renovated office building in prime Phoenix location.

Where is this office building located?

The property is located at 3825 N 24th St Phoenix, AZ.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Renovated in 2025 with new HVAC, lighting, windows, interior/exterior paint, flooring, pavers, restrooms, and parking lot.; Flexible floorplan allows splitting into 2‑3 suites for additional income.; Prime Phoenix location near Biltmore Fashion Park.

3825 N 24th St, Phoenix, AZ

5,000 SF renovated office building in prime Phoenix location.

Property Features for 3825 N 24th St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Licensed Behavioral Health Center

Assisted Living Licensed Home

Phoenix Assisted Living Investment Property

Office/Flex Mixed-Use Property

Turnkey Phoenix Short-Term Rental

Side-by-Side Duplex Investment

2025-Built Duplex Investment

Side-by-Side 2025 Duplexes

5-Unit Multifamily with Recent Renovations

Two-Bedroom Fourplex with Private Yards

Phoenix Duplex with Rental Potential

Fourplex Residential Income Property

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