Suite 160 Office
For Sale
Contact for pricing
202 E Earll Dr, Phoenix, AZ 85012
Ground-floor suite in Earl Professional Plaza, currently used as a law firm office and described as move-in ready.
Property Size5,606 SF
Price / SF$235
Days on Market655
Property Features for 202 E Earll Dr
General Information
Standard status
Active
Size
5,606 SF
Property subtype
OFFICE
Additional Details
Floor
Ground Floor
Building Details
Tenancy
Single
Listing Agency:
Colliers | Phoenix
(602) 751-8455
Listed By:
John Barnes · License #SA579777000
(602) 751-8455
Source:
Moodyscre
Added: Oct 16, 2024
Changed: Jul 31
Last Checked: Aug 1 at 12:17PM
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 Colliers | Phoenix
Investment Insights
Based on property information with market context.
Suite 160 at the Earl Professional Plaza is an office condominium suite offered for sale at 202 E Earll Dr, Phoenix, AZ 85012. The space is currently used as a law firm office and is positioned on the ground floor lobby as you enter the building.
The suite is described as “move-in ready” and is located conveniently near the visitor parking, which can support client visits and day-to-day access. The layout is presented as efficiently designed for office use.
This ground-floor office suite may be suitable for businesses looking for a move-in ready space in a professionally oriented office condominium setting, with straightforward access from the lobby and proximity to visitor parking.
The suite is described as “move-in ready” and is located conveniently near the visitor parking, which can support client visits and day-to-day access. The layout is presented as efficiently designed for office use.
This ground-floor office suite may be suitable for businesses looking for a move-in ready space in a professionally oriented office condominium setting, with straightforward access from the lobby and proximity to visitor parking.
Key Highlights
- Office condominium suite for sale: Suite 160 at Earl Professional Plaza
- Ground‑floor lobby location as you enter the building
- Currently used as a law firm office
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 | $172.2k | $30.72 |
| − Vacancy | −$44.3k | −$7.90 |
| EGI | $128.0k | $22.82 |
| − OpEx | −$32.0k | −$5.71 |
| NOI | $96.0k | $17.12 |
5,606 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.60M
NOI $95,968 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,867 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,216
Businesses Nearby
Explore this area
Business Placement
Demographics for 85012, AZ
8,201
Population
5,269
Households
1.6
Avg Household Size
39
Median Age
60%
College-Educated
95%
High-School Grad
2.3 sq mi
ZIP Area
3,566
Density / Sq Mi
$80,242
Median Household Income
$57,228
Median Earnings
$1,693
Median Rent
$701,200
Median Home Value
Market
Vacancy Rate% for Office in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Ground-floor suite in Earl Professional Plaza, currently used as a law firm office and described as move-in ready.
Where is this office units located?
The property is located at 202 E Earll Dr Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,317,410.
What are key features of this property?
This property features: Office condominium suite for sale: Suite 160 at Earl Professional Plaza; Ground‑floor lobby location as you enter the building; Currently used as a law firm office
