Turnkey Medical Office
For Sale
$810,000
Pending
12821 N CAVE CREEK Road, Phoenix, AZ 85022
Freestanding, ADA-compliant medical office built in 2006 with two suites and 15 parking spaces.
Property Size3,091 SF
Lot Size0.35 Acres
Days on Market93
Property Features for 12821 N CAVE CREEK Road
General Information
Standard status
Pending
Size
3,091 SF
Total Parking Spaces
15
Lot size
0.35 Acres
Property subtype
Comm/industry Sale
Site & Location
Neighborhood
North Mountain
Road Access
Yes
Additional Details
Sprinkler System
Yes
Office Units
2
Building Details
Year Built
2006
Listing Agency:
Orion Investment Real Estate
(480) 634-6934
Listed By:
Garrett K Hemeyer · License #SA684184000
(480) 848-3168
Source:
Juliebradfeldt
Added: Jul 24
Changed: Oct 13
Last Checked: Oct 24 at 6:28PM
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
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.
Turnkey freestanding medical/office building built in 2006, offering ADA-compliant restrooms, fire sprinklers, and energy-efficient construction. Freshly painted with recent interior upgrades throughout, the building is divided into two suites for flexible occupancy or partial leasing.
The approximately 2,000 SF suite features a waiting room, reception area, corner office, five additional offices, and a dedicated restroom. The secondary approximately 1,000 SF suite includes four private offices, one bathroom, and additional storage space.
The property sits on a 15,126 SF lot with 15 parking spaces and Cave Creek Road frontage, providing straightforward ingress and egress.
The approximately 2,000 SF suite features a waiting room, reception area, corner office, five additional offices, and a dedicated restroom. The secondary approximately 1,000 SF suite includes four private offices, one bathroom, and additional storage space.
The property sits on a 15,126 SF lot with 15 parking spaces and Cave Creek Road frontage, providing straightforward ingress and egress.
Key Highlights
- Freestanding medical/office building in North Central Phoenix, built in 2006 and available for immediate owner‑user or tenant occupancy
- Two‑suite layout totaling 3,081 SF, with flexibility to occupy the whole building or lease a portion for additional income
- Includes ADA‑compliant restrooms, fire sprinklers, and energy‑efficient construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,914
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,058,280
$1.1M
Cap Rate 7%
$755,914
$755.9K
Cap Rate 9%
$587,933
$587.9K
Market Conditions
NOI Build-Up for 3,091 SF
Gross rent
$95.0K $30.72/SF
− Vacancy
−$24.4K −$7.90/SF
EGI
$70.6K $22.82/SF
− OpEx
−$17.6K −$5.71/SF
NOI
$52.9K $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%
$1,058,280
Cap Rate 7%
$755,914
Cap Rate 9%
$587,933
Alternative Uses
Best Use
Office B
$755.9K
$661.4K – $881.9K
NOI $52,914 @ 7.0% cap · market cap 6.53%
Second Best
Healthcare Medical
$629.5K
$550.8K – $734.4K
NOI $44,065 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$936.3K
$819.3K – $1.09M
NOI $65,540 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Office units
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85022, AZ
51,314
Population
25,020
Households
2.1
Avg Household Size
39
Median Age
36%
College-Educated
91%
High-School Grad
9.4 sq mi
ZIP Area
5,459
Density / Sq Mi
$66,601
Median Household Income
$45,875
Median Earnings
$1,517
Median Rent
$385,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Phoenix, AZ
Similar Off Market Nearby
- Companion Pet Clinic — Phoenix, AZ 85022
- Sugarloaf Animal Clinic — 13801 N Cave Creek Rd, Phoenix, AZ 85022
Frequently Asked Questions
What type of property is this?
Medical Office Space - Freestanding, ADA-compliant medical office built in 2006 with two suites and 15 parking spaces.
Where is this medical office space located?
The property is located at 12821 N CAVE CREEK Road Phoenix, AZ.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: Freestanding medical/office building in North Central Phoenix, built in 2006 and available for immediate owner‑user or tenant occupancy; Two‑suite layout totaling 3,081 SF, with flexibility to occupy the whole building or lease a portion for additional income; Includes ADA‑compliant restrooms, fire sprinklers, and energy‑efficient construction
