Functional Music Recording
For Sale
Contact for pricing
4727 N 12th St, Phoenix, AZ
Remodeled recording studio near Camelback with existing improvements.
Property Size3,726 SF
Lot Size0.18 Acres
Price / SF$250
Days on Market650
Property Features for 4727 N 12th St
General Information
Standard status
Active
Size
3,726 SF
Lot size
0.18 Acres
Property subtype
OFFICE
Site & Location
Neighborhood
Camelback East
Listing Agency:
Lee & Associates | Phoenix
(602) 956-7777
Listed By:
Craig Coppola
(602) 694-5500
Source:
Moodyscre
Added: Jan 15, 2025
Changed: Oct 25
Last Checked: Oct 26 at 8:11PM
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 Lee & Associates | Phoenix
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features a fully functional music recording studio. The building was fully remodeled in 2015 and includes existing improvements. It is located very near Camelback and close to many retail conveniences, as well as the Piestewa Peak Freeway. The property offers 3,726 square feet of space.
Key Highlights
- Fully functional music recording studio included.
- Building fully remodeled in 2015.
- Location very near Camelback.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,784
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,275,680
$1.3M
Cap Rate 7%
$911,200
$911.2K
Cap Rate 9%
$708,711
$708.7K
Market Conditions
NOI Build-Up for 3,726 SF
Gross rent
$114.5K $30.72/SF
− Vacancy
−$29.4K −$7.90/SF
EGI
$85.0K $22.82/SF
− OpEx
−$21.3K −$5.71/SF
NOI
$63.8K $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%
$1,275,680
Cap Rate 7%
$911,200
Cap Rate 9%
$708,711
Alternative Uses
Best Use
Office B
$911.2K
$797.3K – $1.06M
NOI $63,784 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$987.6K – $1.32M
NOI $79,005 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,734
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Office unit - Remodeled recording studio near Camelback with existing improvements.
Where is this office unit located?
The property is located at 4727 N 12th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $931,500.
What are key features of this property?
This property features: Fully functional music recording studio included.; Building fully remodeled in 2015.; Location very near Camelback.
