Office Building with Fenced
For Sale
Contact for pricing
4238 N 7th Ave, Phoenix, AZ 85013
Office building in the Melrose District with fenced yard and frontage on 7th Avenue.
Property Size8,100 SF
Price / SF$246.30
Days on Market1452
Property Features for 4238 N 7th Ave
General Information
Standard status
Active
Size
8,100 SF
Property subtype
OFFICE
Zoning
C-2
Site & Location
Neighborhood
Encanto
Highway Access
Yes
Amenities
Fenced Yard
Large Monument Sign
Building Details
Building Size
8,100 SF
Listing Agency:
Lee & Associates | Phoenix
(602) 956-7777
Listed By:
Matthew Fredrick
(602) 373-6922
Source:
Moodyscre
Added: Nov 9, 2022
Changed: Oct 25
Last Checked: Oct 30 at 5:58PM
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 Lee & Associates | Phoenix
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building totals approximately 8,100 square feet and includes a fenced yard for added exterior control. The property is located in the Melrose District and is zoned C-2 (City of Phoenix).
Frontage on 7th Avenue is highlighted by a large monument sign, supporting prominent street presence. The location also offers good proximity to the SR-51 and I-17 freeways.
Overall, the asset combines office space with exterior fenced area and visible signage along a major corridor, positioned within a commercial zoning district.
Frontage on 7th Avenue is highlighted by a large monument sign, supporting prominent street presence. The location also offers good proximity to the SR-51 and I-17 freeways.
Overall, the asset combines office space with exterior fenced area and visible signage along a major corridor, positioned within a commercial zoning district.
Key Highlights
- Office building totaling 8,100 SF
- Located in the Melrose District
- C‑2 zoning (City of Phoenix)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,662
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,773,240
$2.8M
Cap Rate 7%
$1,980,886
$2.0M
Cap Rate 9%
$1,540,689
$1.5M
Market Conditions
NOI Build-Up for 8,100 SF
Gross rent
$248.8K $30.72/SF
− Vacancy
−$63.9K −$7.90/SF
EGI
$184.9K $22.82/SF
− OpEx
−$46.2K −$5.71/SF
NOI
$138.7K $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%
$2,773,240
Cap Rate 7%
$1,980,886
Cap Rate 9%
$1,540,689
Alternative Uses
Best Use
Office B
$1.98M
$1.73M – $2.31M
NOI $138,662 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,749 @ 7.0% cap · market cap 8.61%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,541
Businesses Nearby
Explore this area
Business Placement
Demographics for 85013, AZ
21,970
Population
11,618
Households
1.9
Avg Household Size
38
Median Age
47%
College-Educated
90%
High-School Grad
3.7 sq mi
ZIP Area
5,938
Density / Sq Mi
$68,895
Median Household Income
$53,067
Median Earnings
$1,435
Median Rent
$476,200
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
Frequently Asked Questions
What type of property is this?
Office building - Office building in the Melrose District with fenced yard and frontage on 7th Avenue.
Where is this office building located?
The property is located at 4238 N 7th Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Office building totaling 8,100 SF; Located in the Melrose District; C‑2 zoning (City of Phoenix)
