Remodeled Office
For Sale
$630,000
1406 W Camelback Rd, Phoenix, AZ 85013
Updated building systems include a new roof, HVAC, windows, and flooring.
Property Size1,690 SF
Days on Market57
Property Features for 1406 W Camelback Rd
General Information
Standard status
Active
Size
1,690 SF
Class
B
Property subtype
Office
Building Details
Building Size
1,690 SF
Year Built
1957
Listing Agency:
LevRose Commercial Real Estate
Listed By:
Aaron Norwood · License #SA561466000
(480) 294-6016
Source:
Tcnworldwide
Added: Aug 23
Changed: Oct 16
Last Checked: Oct 16 at 7:39AM
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 LevRose Commercial Real Estate
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Investment Insights
Based on property information with market context.
This office building, constructed in 1957, has undergone a substantial interior and systems update. Improvements include new flooring, windows, roofing, and HVAC equipment.
The property is located at 1406 W Camelback Rd in Phoenix, Arizona, with a 85013 ZIP code.
The property is located at 1406 W Camelback Rd in Phoenix, Arizona, with a 85013 ZIP code.
Key Highlights
- New flooring, windows, roof, and HVAC included in the renovation
- Office building constructed in 1957
- Located at 1406 W Camelback Rd, Phoenix, AZ 85013
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,931
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,620
$578.6K
Cap Rate 7%
$413,300
$413.3K
Cap Rate 9%
$321,456
$321.5K
Market Conditions
NOI Build-Up for 1,690 SF
Gross rent
$51.9K $30.72/SF
− Vacancy
−$13.3K −$7.90/SF
EGI
$38.6K $22.82/SF
− OpEx
−$9.6K −$5.71/SF
NOI
$28.9K $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%
$578,620
Cap Rate 7%
$413,300
Cap Rate 9%
$321,456
Alternative Uses
Best Use
Office B
$413.3K
$361.6K – $482.2K
NOI $28,931 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$511.9K
$447.9K – $597.2K
NOI $35,834 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,299
Businesses Nearby
Explore this area
Business Placement
Demographics for 85013, AZ
21,970
Population
11,618
Households
1.9
Avg Household Size
38
Median Age
47%
College-Educated
90%
High-School Grad
3.7 sq mi
ZIP Area
5,938
Density / Sq Mi
$68,895
Median Household Income
$53,067
Median Earnings
$1,435
Median Rent
$476,200
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
Frequently Asked Questions
What type of property is this?
Office building - Updated building systems include a new roof, HVAC, windows, and flooring.
Where is this office building located?
The property is located at 1406 W Camelback Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: New flooring, windows, roof, and HVAC included in the renovation; Office building constructed in 1957; Located at 1406 W Camelback Rd, Phoenix, AZ 85013
