Phoenix Office Building Near
1405 E Mcdowell Rd Phoenix, AZ 85006
1405 E Mcdowell Rd, Phoenix, AZ, 85006
Contact for pricing
For Sale
Contact for pricing
Single-story office building near Banner University Medical Center.
Property Size14,780 SF
Price / SF$275
Days on Market59
Property Features for 1405 E Mcdowell Rd
General Information
- Standard status
- Active
- Size
- 14,780 SF
- Property subtype
- OFFICE
Properties For Sale
at 1405 E Mcdowell Rd Contact us
Listing Agency
Avison Young | Phoenix
(480) 463-4199
Listed by
Kelly Carlon · License #SA669487000
Source
Moodyscre
Added: May 22 Checked: Jul 19 at 4:41 am
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 Avison Young | Phoenix
Investment Insights
Based on property information with market context.
Located approximately two miles from Downtown Phoenix, this property is less than half a mile from Banner University Medical Center and Phoenix Children’s Hospital. It features a single-story office building with additional second-story storage, suitable for various office or medical uses. The property benefits from high visibility and frontage on McDowell Road, a major high-traffic corridor, with convenient access to State Route 51 and Interstate 10. The location is surrounded by medical providers, office users, and retail and dining amenities within an established commercial corridor. Public transportation is accessible via a Valley Metro bus stop directly in front of the building. The property has a size of 14780 square feet.
Key Highlights
- Prime location: just 2 miles from Downtown Phoenix and less than 0.5 miles from Banner University Medical Center and Phoenix Children’s Hospital.
- High visibility and frontage on McDowell Road, a major high‑traffic corridor.
- Convenient access to State Route 51 and Interstate 10.
Local 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 | $454.0k | $30.72 |
| − Vacancy | −$116.7k | −$7.90 |
| EGI | $337.4k | $22.82 |
| − OpEx | −$84.3k | −$5.71 |
| NOI | $253.0k | $17.12 |
14,780 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.61M
$3.16M – $4.22M
NOI $253,015 @ 7.0% cap · market cap 6.22%
Second Best
Healthcare Medical
$3.01M
$2.63M – $3.51M
NOI $210,704 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$4.48M
$3.92M – $5.22M
NOI $313,389 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Trellis
Charitable Organization
Oasis Pest Control ...
Garden Center
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FAQs
What type of property is this?
Medical Office Space - Single-story office building near Banner University Medical Center.
Where is this medical office space located?
The property is located at 1405 E Mcdowell Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $4,064,500.
What are key features of this property?
This property features: Prime location: just 2 miles from Downtown Phoenix and less than 0.5 miles from Banner University Medical Center and Phoenix Children’s Hospital.; High visibility and frontage on McDowell Road, a major high‑traffic corridor.; Convenient access to State Route 51 and Interstate 10.
