Turnkey Freestanding Medical
12821 N Cave Creek Rd Phoenix, AZ 85022
12821 N Cave Creek Rd, Phoenix, AZ, 85022
Contact for pricing
For Sale
Contact for pricing
Freestanding medical-office building with two suites and 15 parking spaces, featuring ADA-compliant restrooms and fire sprinklers.
Property Size3,081 SF
Price / SF$275.88
Days on Market43
Property Features for 12821 N Cave Creek Rd
General Information
- Standard status
- Active
- Size
- 3,081 SF
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing agency
ORION Investment Real Estate
(623) 533-1746
Listed by
Garrett Hemeyer · License #AZ SA684184000
Source
Crexi
Added: Jun 9 Updated: Jul 21 at 5:00AM Checked: Jul 21 at 5:00AM
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 ORION Investment Real Estate
Investment Insights
Based on property information with market context.
Turnkey freestanding medical/office building built in 2006, offered for immediate owner-user or tenant occupancy. The property includes ADA-compliant restrooms, fire sprinklers, and energy-efficient construction, with the interior freshly painted and upgraded throughout. The building is divided into two suites, allowing for either full use or partial occupancy.
One suite is approximately +/-2,000 SF and is laid out with a waiting room, reception area, corner office, five additional offices, and a dedicated restroom. The secondary suite is approximately +/-1,000 SF and includes four private offices, one bathroom, and additional storage space.
Set on a 15,126 SF lot with 15 parking spaces, the building offers Cave Creek Road frontage and easy ingress/egress for convenient tenant and visitor access.
One suite is approximately +/-2,000 SF and is laid out with a waiting room, reception area, corner office, five additional offices, and a dedicated restroom. The secondary suite is approximately +/-1,000 SF and includes four private offices, one bathroom, and additional storage space.
Set on a 15,126 SF lot with 15 parking spaces, the building offers Cave Creek Road frontage and easy ingress/egress for convenient tenant and visitor access.
Key Highlights
- Freestanding medical/office building built in 2006 with energy‑efficient construction
- 2‑suite layout: occupy the full 3,081 SF or lease a portion for additional income
- Approx. +/-2,000 SF suite: waiting room, reception, corner office, five offices, and dedicated ADA‑compliant restroom
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 | $94.6k | $30.72 |
| − Vacancy | −$24.3k | −$7.90 |
| EGI | $70.3k | $22.82 |
| − OpEx | −$17.6k | −$5.71 |
| NOI | $52.7k | $17.12 |
3,081 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$753.5K
$659.3K – $879.1K
NOI $52,743 @ 7.0% cap · market cap 6.21%
Second Best
Healthcare Medical
$627.5K
$549.0K – $732.1K
NOI $43,923 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$933.3K
$816.6K – $1.09M
NOI $65,328 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Extended Helping Hands ...
Social Service Agency
Suzanne Lucas Rolfing ...
Alternative Medicine Practice
Small Steps Big ...
Alternative Medicine Practice
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FAQs
What type of property is this?
Medical Office Space - Freestanding medical-office building with two suites and 15 parking spaces, featuring ADA-compliant restrooms and fire sprinklers.
Where is this medical office space located?
The property is located at 12821 N Cave Creek Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Freestanding medical/office building built in 2006 with energy‑efficient construction; 2‑suite layout: occupy the full 3,081 SF or lease a portion for additional income; Approx. +/-2,000 SF suite: waiting room, reception, corner office, five offices, and dedicated ADA‑compliant restroom
