Ground-Floor Office
For Sale
Contact for pricing
12406 N 32nd St Unit 101, Phoenix, AZ 85032
Interior-corridor suites share a double-door entrance with direct access from the parking lot.
Property Size12,374 SF
Price / SF$0.28
Days on Market12
Property Features for 12406 N 32nd St Unit 101
General Information
Standard status
Active
Size
12,374 SF
Site & Location
Neighborhood
Paradise Valley
Additional Details
Floor
Ground Floor
Amenities
landscaped grounds
Building Details
Year Built
1986
Listing Agency:
Cushman & Wakefield
Listed By:
Edan Andrew Baehmann · License #BR559257000
(602) 999-4542
Source:
Phoenixhomehunter
Added: Oct 12
Changed: Oct 19
Last Checked: Oct 23 at 7:12AM
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 Cushman & Wakefield
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Investment Insights
Based on property information with market context.
This 12,374-square-foot office property was built in 1986 and is arranged on the ground floor, with suites reached from an interior corridor. A double-door entry opens directly from the parking area, providing a clear arrival point for visitors.
The grounds include landscaped areas, and parking is available on site.
The grounds include landscaped areas, and parking is available on site.
Key Highlights
- 12,374‑square‑foot office property built in 1986
- Ground‑floor suites connected by an interior corridor
- Double‑door entry opens directly from the parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$211,827
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,236,540
$4.2M
Cap Rate 7%
$3,026,100
$3.0M
Cap Rate 9%
$2,353,633
$2.4M
Market Conditions
NOI Build-Up for 12,374 SF
Gross rent
$380.1K $30.72/SF
− Vacancy
−$97.7K −$7.90/SF
EGI
$282.4K $22.82/SF
− OpEx
−$70.6K −$5.71/SF
NOI
$211.8K $17.12/SF
Area
ZIP 85032
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%
$4,236,540
Cap Rate 7%
$3,026,100
Cap Rate 9%
$2,353,633
Alternative Uses
Best Use
Office B
$3.03M
$2.65M – $3.53M
NOI $211,827 @ 7.0% cap · market cap 6,052.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.74M
$3.27M – $4.36M
NOI $261,826 @ 7.0% cap · market cap 7,480.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
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Business Placement
Demographics for 85032, AZ
68,710
Population
30,386
Households
2.3
Avg Household Size
38
Median Age
34%
College-Educated
89%
High-School Grad
12.4 sq mi
ZIP Area
5,541
Density / Sq Mi
$74,331
Median Household Income
$44,790
Median Earnings
$1,492
Median Rent
$387,900
Median Home Value
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Market
Vacancy Rate% for Office in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Office unit - Interior-corridor suites share a double-door entrance with direct access from the parking lot.
Where is this office unit located?
The property is located at 12406 N 32nd St Unit 101 Phoenix, AZ.
What are key features of this property?
This property features: 12,374‑square‑foot office property built in 1986; Ground‑floor suites connected by an interior corridor; Double‑door entry opens directly from the parking area
