Basement Office Suite with Flex
For Sale
Contact for pricing
1212 E Osborn Road B, Phoenix, AZ 85014
Six private offices and shared amenities support adaptable professional workspace configurations.
Property Size12,911 SF
Price / SF$0.15
Days on Market102
Property Features for 1212 E Osborn Road B
General Information
Standard status
Active
Size
12,911 SF
Property subtype
Comm/industry Lease
Site & Location
Neighborhood
Encanto
Highway Access
Yes
Public Transit
Yes
Additional Details
Floor
Basement-level
Amenities
shared kitchenette
break room
conference rooms
Listing Agency:
Sevilla Arizona Real Estate
(480) 343-7515
Listed By:
Yvette Mims
(623) 206-0557
Source:
Juliebradfeldt
Added: Jul 20
Changed: Oct 27
Last Checked: Oct 28 at 8:26AM
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 Sevilla Arizona Real Estate
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Investment Insights
Based on property information with market context.
This basement-level office suite combines six private offices with a substantial open flex area that can be arranged around different business requirements. The layout is supported by a shared kitchenette and break room, while conference rooms are available through advance reservation.
The property is located minutes from Downtown Phoenix at 1212 E Osborn Road, with access to major freeways and public transportation. Ample parking is available for employees and clients. The configuration may suit professional services, medical or counseling practices, creative firms, nonprofits, and other office users seeking customizable workspace.
The property is located minutes from Downtown Phoenix at 1212 E Osborn Road, with access to major freeways and public transportation. Ample parking is available for employees and clients. The configuration may suit professional services, medical or counseling practices, creative firms, nonprofits, and other office users seeking customizable workspace.
Key Highlights
- Six (6) private offices plus a large open flex space
- Shared kitchenette and break room available to tenants
- Conference rooms offered by reservation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$221,020
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,420,400
$4.4M
Cap Rate 7%
$3,157,429
$3.2M
Cap Rate 9%
$2,455,778
$2.5M
Market Conditions
NOI Build-Up for 12,911 SF
Gross rent
$396.6K $30.72/SF
− Vacancy
−$101.9K −$7.90/SF
EGI
$294.7K $22.82/SF
− OpEx
−$73.7K −$5.71/SF
NOI
$221.0K $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%
$4,420,400
Cap Rate 7%
$3,157,429
Cap Rate 9%
$2,455,778
Alternative Uses
Best Use
Office B
$3.16M
$2.76M – $3.68M
NOI $221,020 @ 7.0% cap · market cap 11,056.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.91M
$3.42M – $4.56M
NOI $273,760 @ 7.0% cap · market cap 13,694.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,518
Businesses Nearby
Explore this area
Business Placement
Demographics for 85014, AZ
26,381
Population
14,778
Households
1.8
Avg Household Size
37
Median Age
43%
College-Educated
90%
High-School Grad
4.0 sq mi
ZIP Area
6,595
Density / Sq Mi
$69,995
Median Household Income
$48,465
Median Earnings
$1,339
Median Rent
$447,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Office unit - Six private offices and shared amenities support adaptable professional workspace configurations.
Where is this office unit located?
The property is located at 1212 E Osborn Road B Phoenix, AZ.
What are key features of this property?
This property features: Six (6) private offices plus a large open flex space; Shared kitchenette and break room available to tenants; Conference rooms offered by reservation
