Flexible Multi-Tenant Office
For Sale
Contact for pricing
1414 East Indian School Road, Phoenix, AZ 85014
Office property suited to an owner-user or a single- or multi-tenant configuration, with building signage available.
Property Size8,966 SF
Price / SF$224.96
Days on Market29
Property Features for 1414 East Indian School Road
General Information
Standard status
Active
Size
8,966 SF
Class
B
Property subtype
Office
Zoning
C-1
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
1980
Listing Agency:
Colliers - Phoenix, Arizona
Listed By:
Anthony Timpani · License #sa705358000
(602) 222-5000
Source:
Crexi
Added: Aug 12
Changed: Sep 8
Last Checked: Sep 9 at 6:43AM
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 Colliers - Phoenix, Arizona
Investment Insights
Based on property information with market context.
The property is an 8,966-square-foot office building offering flexibility for an owner-user, single-tenant occupancy, or a multi-tenant arrangement. Building signage is available, supporting on-site identification for occupants.
Located at 1414 E Indian School Rd in Phoenix, the property provides access to SR-51 and I-10. Phoenix Sky Harbor International Airport is approximately 6 miles away.
Located at 1414 E Indian School Rd in Phoenix, the property provides access to SR-51 and I-10. Phoenix Sky Harbor International Airport is approximately 6 miles away.
Key Highlights
- 8,966‑square‑foot office building
- Suitable for owner‑user occupancy or single- and multi‑tenant use
- Building signage available
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$153,486
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,069,720
$3.1M
Cap Rate 7%
$2,192,657
$2.2M
Cap Rate 9%
$1,705,400
$1.7M
Market Conditions
NOI Build-Up for 8,966 SF
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.
Gross rent
$275.4K $30.72/SF
− Vacancy
−$70.8K −$7.90/SF
EGI
$204.6K $22.82/SF
− OpEx
−$51.2K −$5.71/SF
NOI
$153.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,069,720
Cap Rate 7%
$2,192,657
Cap Rate 9%
$1,705,400
Alternative Uses
Best Use
Office B
$2.19M
$1.92M – $2.56M
NOI $153,486 @ 7.0% cap · market cap 7.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,111 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,518
Businesses Nearby
Explore this area
Business Placement
Demographics for 85014, AZ
26,381
Population
14,778
Households
1.8
Avg Household Size
37
Median Age
43%
College-Educated
90%
High-School Grad
4.0 sq mi
ZIP Area
6,595
Density / Sq Mi
$69,995
Median Household Income
$48,465
Median Earnings
$1,339
Median Rent
$447,500
Median Home Value
Check the figures for this property
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 - Office property suited to an owner-user or a single- or multi-tenant configuration, with building signage available.
Where is this office building located?
The property is located at 1414 East Indian School Road Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,017,000.
What are key features of this property?
This property features: 8,966‑square‑foot office building; Suitable for owner‑user occupancy or single- and multi‑tenant use; Building signage available
