Two-Unit Office
12409 W Indian School Rd Suites C5 & C6, Avondale, AZ 85392
For Sale
Contact for pricing
The existing occupant plans to lease back the suites under a proposed five-year agreement, subject to final documentation.
Property Size1,782 SF
Price / SF$392.82
Days on Market45
Property Features for 12409 W Indian School Rd Suites C5 & C6
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Office Units
Tenant in Place
Property Use
Building Details
Tenancy
Owner Occupied
Listing Agency:
MHG Commercial
Listed By:
Nicholas Skogen · License AZ SA669539000
(602) 750-6986
Source:
Crexi
Added: Oct 1
Changed: Nov 8
Last Checked: Nov 12 at 5:21AM
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 MHG Commercial
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.
Two office condominium units at Suites C5 and C6 comprise approximately 1,782 square feet. The seller plans to remain in occupancy after closing under a proposed five-year leaseback, with terms subject to negotiation and transaction documentation. This arrangement is intended to provide contractual income from the current occupant once finalized.
The complex fronts Indian School Road in the West Valley, with access to Loop 101 and Interstate 10 within minutes.
The complex fronts Indian School Road in the West Valley, with access to Loop 101 and Interstate 10 within minutes.
Key Highlights
- Two office condominium units totaling approximately 1,782 square feet
- Seller plans to remain as occupant under a proposed five‑year leaseback, subject to final negotiation and documentation
- Office condominium complex fronts Indian School Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,918
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,360
$618.4K
Cap Rate 7%
$441,686
$441.7K
Cap Rate 9%
$343,533
$343.5K
Market Conditions
NOI Build-Up for 1,782 SF
Gross rent
$54.5K $30.60/SF
− Vacancy
−$13.3K −$7.47/SF
EGI
$41.2K $23.13/SF
− OpEx
−$10.3K −$5.78/SF
NOI
$30.9K $17.35/SF
Area
Maricopa County, AZ
Vacancy
24.40%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,360
Cap Rate 7%
$441,686
Cap Rate 9%
$343,533
Alternative Uses
Best Use
Office B
$441.7K
$386.5K – $515.3K
NOI $30,918 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$551.2K
$482.3K – $643.1K
NOI $38,585 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
376
Businesses Nearby
Explore this area
Business Placement
Demographics for 85392, AZ
40,363
Population
14,481
Households
2.8
Avg Household Size
33
Median Age
25%
College-Educated
92%
High-School Grad
9.7 sq mi
ZIP Area
4,161
Density / Sq Mi
$84,965
Median Household Income
$47,259
Median Earnings
$1,829
Median Rent
$364,700
Median Home Value
Market
Average Price Trend$/SF for Office Units in Maricopa County, AZ
Properties on Market for Office Units in Maricopa County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - The existing occupant plans to lease back the suites under a proposed five-year agreement, subject to final documentation.
Where is this office unit located?
The property is located at 12409 W Indian School Rd Suites C5 & C6 Avondale, AZ.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Two office condominium units totaling approximately 1,782 square feet; Seller plans to remain as occupant under a proposed five‑year leaseback, subject to final negotiation and documentation; Office condominium complex fronts Indian School Road
