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 Market1359
Property Features for 4238 N 7th Ave
General Information
Standard status
Active
Size
8,100 SF
Property subtype
OFFICE
Zoning
C-2
Additional Details
Highway Access
Yes
Amenities
Fenced Yard
Large Monument Sign
Building Details
Building Size
8,100 SF
Listing Agency:
Lee & Associates | Phoenix
(602) 373-6922
Listed By:
Matthew Fredrick
(602) 373-6922
Source:
Moodyscre
Added: Nov 9, 2022
Changed: Jul 29
Last Checked: Jul 30 at 2:12PM
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
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 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 | $248.8k | $30.72 |
| − Vacancy | −$63.9k | −$7.90 |
| EGI | $184.9k | $22.82 |
| − OpEx | −$46.2k | −$5.71 |
| NOI | $138.7k | $17.12 |
8,100 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
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.
Property 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
Market
Vacancy Rate% for Office in Phoenix, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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)
