Single-Story Medical Office
For Sale
Contact for pricing
1405 E Mcdowell Rd, Phoenix, AZ 85006
Single-story office building with second-story storage on a major high-traffic corridor near Banner University Medical Center.
Property Size14,780 SF
Price / SF$275
Days on Market72
Property Features for 1405 E Mcdowell Rd
General Information
Standard status
Active
Size
14,780 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
No
Building Details
Stories
2
Listing Agency:
Avison Young | Phoenix
(480) 463-4199
Listed By:
Kelly Carlon · License #SA669487000
Source:
Moodyscre
Added: May 22
Changed: Jul 28
Last Checked: Jul 31 at 12:31PM
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.
The property is a single-story office building that also includes additional second-story storage. This configuration supports a range of office and medical uses while keeping the primary work areas on one level.
Located just two miles from Downtown Phoenix, the building sits less than half a mile from Banner University Medical Center and Phoenix Children’s Hospital. It offers strong visibility and frontage along McDowell Road, a major high-traffic corridor, with convenient access to State Route 51 and Interstate 10.
The site also has immediate access to public transit via a Valley Metro bus stop located in front of the building. The surrounding area includes a mix of medical providers, office users, and nearby retail and dining amenities within an established commercial corridor.
Located just two miles from Downtown Phoenix, the building sits less than half a mile from Banner University Medical Center and Phoenix Children’s Hospital. It offers strong visibility and frontage along McDowell Road, a major high-traffic corridor, with convenient access to State Route 51 and Interstate 10.
The site also has immediate access to public transit via a Valley Metro bus stop located in front of the building. The surrounding area includes a mix of medical providers, office users, and nearby retail and dining amenities within an established commercial corridor.
Key Highlights
- Single‑story office building with additional second‑story storage
- Less than 0.5 mile from Banner University Medical Center and Phoenix Children’s Hospital
- 2 miles from Downtown 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 | $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 authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,332
Businesses Nearby
Explore this area
Business Placement
Demographics for 85006, AZ
23,797
Population
10,607
Households
2.2
Avg Household Size
34
Median Age
27%
College-Educated
78%
High-School Grad
4.0 sq mi
ZIP Area
5,949
Density / Sq Mi
$60,742
Median Household Income
$39,899
Median Earnings
$1,168
Median Rent
$376,600
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 building - Single-story office building with second-story storage on a major high-traffic corridor near Banner University Medical Center.
Where is this office building 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: Single‑story office building with additional second‑story storage; Less than 0.5 mile from Banner University Medical Center and Phoenix Children’s Hospital; 2 miles from Downtown Phoenix
