Second-Floor Office
For Sale
Contact for pricing
13229 N VERDE RIVER Drive, Fountain Hills, AZ 85268
Two office suites provide flexible configurations in a walkable downtown setting with on-site and nearby public parking.
Property Size6,610 SF
Price / SF$0.23
Days on Market48
Property Features for 13229 N VERDE RIVER Drive
General Information
Standard status
Active
Size
6,610 SF
Property subtype
Comm/Industry Lease
Additional Details
Floor
2nd floor
Office Units
2
Listing Agency:
Stone West Properties
(602) 402-5294
Listed By:
Mike DePinto
Source:
Nicolesecrest
Added: Sep 6
Changed: Oct 14
Last Checked: Oct 20 at 7:54PM
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 Stone West Properties
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Investment Insights
Based on property information with market context.
The offering includes two second-floor office suites within a 6,610-square-foot property. Each suite contains seven offices, creating a total of 14 individual office rooms. The space is second-generation and available for either short- or long-term occupancy, subject to the applicable arrangement.
On-site parking is complemented by adjacent public parking. The property is a short walk from the Fountain and Bashas grocery, with restaurants, salons, a postal store, and churches in the surrounding area.
On-site parking is complemented by adjacent public parking. The property is a short walk from the Fountain and Bashas grocery, with restaurants, salons, a postal store, and churches in the surrounding area.
Key Highlights
- Two second‑floor office suites, each with 7 offices
- 6,610‑square‑foot office property
- Total of 14 individual office rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,685
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,293,700
$2.3M
Cap Rate 7%
$1,638,357
$1.6M
Cap Rate 9%
$1,274,278
$1.3M
Market Conditions
NOI Build-Up for 6,610 SF
Gross rent
$202.3K $30.60/SF
− Vacancy
−$49.4K −$7.47/SF
EGI
$152.9K $23.13/SF
− OpEx
−$38.2K −$5.78/SF
NOI
$114.7K $17.35/SF
Area
Maricopa County, AZ
Vacancy
24.40%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,293,700
Cap Rate 7%
$1,638,357
Cap Rate 9%
$1,274,278
Alternative Uses
Best Use
Office B
$1.64M
$1.43M – $1.91M
NOI $114,685 @ 7.0% cap · market cap 7,645.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.79M – $2.39M
NOI $143,126 @ 7.0% cap · market cap 9,541.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,236
Businesses Nearby
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Business Placement
Demographics for 85268, AZ
24,031
Population
13,429
Households
1.8
Avg Household Size
61
Median Age
50%
College-Educated
97%
High-School Grad
20.5 sq mi
ZIP Area
1,172
Density / Sq Mi
$105,288
Median Household Income
$55,054
Median Earnings
$1,781
Median Rent
$576,700
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Two office suites provide flexible configurations in a walkable downtown setting with on-site and nearby public parking.
Where is this office unit located?
The property is located at 13229 N VERDE RIVER Drive Fountain Hills, AZ.
What are key features of this property?
This property features: Two second‑floor office suites, each with 7 offices; 6,610‑square‑foot office property; Total of 14 individual office rooms
