Updated Office
For Sale
$788,000
205 E Osborn Rd, Phoenix, AZ 85012
Frontage, dedicated parking, and a flexible professional-office layout support owner-user or tenant occupancy.
Property Size2,351 SF
Days on Market22
Property Features for 205 E Osborn Rd
General Information
Standard status
Active
Size
2,351 SF
Class
B
Property subtype
Office
Building Details
Building Size
2,351 SF
Year Built
1940
Listed By:
Justin Horwitz, SIOR
(480) 220-2674
Source:
Svndesertcommercial
Added: Sep 16
Changed: Sep 27
Last Checked: Oct 5 at 4:27PM
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 Justin Horwitz, SIOR
Investment Insights
Based on property information with market context.
This approximately 2,351 SF office building was constructed in 1940 and occupies approximately 0.15 acres. The interior includes a reception area, multiple private perimeter offices, open work areas, a kitchen and break room, storage, and two restrooms, including one with a shower. Updated flooring and paint provide a refreshed interior for professional or administrative office use.
The property has direct frontage along Osborn Road and dedicated on-site parking. Its Central Phoenix setting offers access to State Route 51 and I-10, with proximity to light rail and Downtown Phoenix. The efficient floor plan and existing office improvements support both owner-user occupancy and office tenancy.
The property has direct frontage along Osborn Road and dedicated on-site parking. Its Central Phoenix setting offers access to State Route 51 and I-10, with proximity to light rail and Downtown Phoenix. The efficient floor plan and existing office improvements support both owner-user occupancy and office tenancy.
Key Highlights
- ±2,351 SF office building on ±0.15 acres
- Constructed in 1940 with updated flooring and paint
- Reception area, private offices, open work areas, kitchen, storage, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,246
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$804,920
$804.9K
Cap Rate 7%
$574,943
$574.9K
Cap Rate 9%
$447,178
$447.2K
Market Conditions
NOI Build-Up for 2,351 SF
Gross rent
$72.2K $30.72/SF
− Vacancy
−$18.6K −$7.90/SF
EGI
$53.7K $22.82/SF
− OpEx
−$13.4K −$5.71/SF
NOI
$40.2K $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%
$804,920
Cap Rate 7%
$574,943
Cap Rate 9%
$447,178
Alternative Uses
Best Use
Office B
$574.9K
$503.1K – $670.8K
NOI $40,246 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$712.1K
$623.1K – $830.8K
NOI $49,850 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,967
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Phoenix, AZ
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Frequently Asked Questions
What type of property is this?
Office building - Frontage, dedicated parking, and a flexible professional-office layout support owner-user or tenant occupancy.
Where is this office building located?
The property is located at 205 E Osborn Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $788,000.
What are key features of this property?
This property features: ±2,351 SF office building on ±0.15 acres; Constructed in 1940 with updated flooring and paint; Reception area, private offices, open work areas, kitchen, storage, and two restrooms
