Single-Story Office
21035 N Cave Creek Rd #5C Phoenix, AZ 85024
21035 N Cave Creek Rd #5C, Phoenix, AZ, 85024
$528,000
For Sale
$528,000
Single-story office suite with reception, four offices, bullpen, conference room, break room, and en-suite restroom.
Property Size1,651 SF
Price / SF$319.81
Days on Market154
Property Features for 21035 N Cave Creek Rd #5C
General Information
- Standard status
- Active
- Size
- 1,651 SF
- Property subtype
- Multi Tenant Office
Properties For Sale
at 21035 N Cave Creek Rd #5C Contact us
Listing agency
SVN | Desert Commercial Advisors
(480) 425-5518
Listed by
Justin Horwitz · License #SA562459000
(480) 425-5518
Source
Thebrokerlist
Added: Feb 18 Updated: Jul 21 at 6:14AM Checked: Jul 21 at 6:14AM
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 SVN | Desert Commercial Advisors
Investment Insights
Based on property information with market context.
This single-story office suite offers a practical layout for day-to-day operations. The interior includes a large reception area, four offices, a large bullpen area, a conference room, and a break room, along with one en-suite restroom.
The property is located directly off Cave Creek Road and the Loop 101 Freeway in the North Phoenix market. It also sits in close proximity to Deer Valley Airport, with convenient access to I-17 and Loop 101, supported by nearby retail shopping centers and other amenities.
With its reception, private offices, collaborative bullpen space, and dedicated meeting room, the suite is well suited for professional office use and tenant teams that need both front-facing space and workspace for staff.
The property is located directly off Cave Creek Road and the Loop 101 Freeway in the North Phoenix market. It also sits in close proximity to Deer Valley Airport, with convenient access to I-17 and Loop 101, supported by nearby retail shopping centers and other amenities.
With its reception, private offices, collaborative bullpen space, and dedicated meeting room, the suite is well suited for professional office use and tenant teams that need both front-facing space and workspace for staff.
Key Highlights
- Single‑story office suite totaling ±1,651 SF
- Layout includes a large reception area plus four offices
- Includes a large bullpen area, conference room, and break room
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.7k | $30.72 |
| − Vacancy | −$13.0k | −$7.90 |
| EGI | $37.7k | $22.82 |
| − OpEx | −$9.4k | −$5.71 |
| NOI | $28.3k | $17.12 |
1,651 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$403.8K
$353.3K – $471.1K
NOI $28,263 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$500.1K
$437.6K – $583.5K
NOI $35,007 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
AMES Tools
Hardware & Home Improvement
Health for Life - Cave ...
(Bike/Boat/Book/etc) Store
Redscape Realty
Property Management Company
HEMANG MAHENDRA GANDHI
Physician
Singer Tax & Accounting
Tax Preparation
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Single-story office suite with reception, four offices, bullpen, conference room, break room, and en-suite restroom.
Where is this office units located?
The property is located at 21035 N Cave Creek Rd #5C Phoenix, AZ.
What is the asking price?
The asking price for this property is $528,000.
What are key features of this property?
This property features: Single‑story office suite totaling ±1,651 SF; Layout includes a large reception area plus four offices; Includes a large bullpen area, conference room, and break room
