Professional Office
For Sale
Contact for pricing
14245 W Grand Ave Unit 3, Surprise, AZ 85374
Professional office space within a retail center along Grand Avenue, near established medical, grocery, restaurant, and pharmacy anchors.
Property Size7,330 SF
Price / SF$0.40
Days on Market81
Property Features for 14245 W Grand Ave Unit 3
General Information
Standard status
Active
Size
7,330 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
2003
Listing Agency:
R.O.I. Properties
Listed By:
Jason Butler · License #BR545613000
(602) 390-0361
Source:
Phoenixhomehunter
Added: Aug 9
Changed: Oct 25
Last Checked: Oct 26 at 5:00PM
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 R.O.I. Properties
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Investment Insights
Based on property information with market context.
Suite 3 is an approximately 1,200-square-foot professional office unit within a 7,330-square-foot office building constructed in 2003. The property occupies a pad site in a retail center and provides a commercial setting for professional office users.
Located at 14245 W Grand Ave Unit 3 in Surprise, Arizona, the property fronts Grand Avenue, identified as U.S. 60, with access to the surrounding retail center. Nearby anchors include Banner Del Webb Medical Center, Walgreens, Albertsons, Trader Joe's, Outback Steakhouse, and Texas Roadhouse. The property is also positioned near the Asante master planned community and Surprise City Center, serving a growing West Valley area.
Located at 14245 W Grand Ave Unit 3 in Surprise, Arizona, the property fronts Grand Avenue, identified as U.S. 60, with access to the surrounding retail center. Nearby anchors include Banner Del Webb Medical Center, Walgreens, Albertsons, Trader Joe's, Outback Steakhouse, and Texas Roadhouse. The property is also positioned near the Asante master planned community and Surprise City Center, serving a growing West Valley area.
Key Highlights
- Suite 3 offers approximately 1,200 square feet of professional office space
- Office building contains 7,330 square feet and was constructed in 2003
- Pad‑site position within a retail center along Grand Avenue (U.S. 60)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,658
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,113,160
$2.1M
Cap Rate 7%
$1,509,400
$1.5M
Cap Rate 9%
$1,173,978
$1.2M
Market Conditions
NOI Build-Up for 7,330 SF
Gross rent
$193.5K $26.40/SF
− Vacancy
−$52.6K −$7.18/SF
EGI
$140.9K $19.22/SF
− OpEx
−$35.2K −$4.80/SF
NOI
$105.7K $14.41/SF
Area
Surprise, AZ
Vacancy
27.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,113,160
Cap Rate 7%
$1,509,400
Cap Rate 9%
$1,173,978
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.76M
NOI $105,658 @ 7.0% cap · market cap 3,643.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,233 @ 7.0% cap · market cap 5,456.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,194
Businesses Nearby
Explore this area
Business Placement
Demographics for 85374, AZ
41,182
Population
21,982
Households
1.9
Avg Household Size
61
Median Age
30%
College-Educated
95%
High-School Grad
12.8 sq mi
ZIP Area
3,217
Density / Sq Mi
$78,690
Median Household Income
$45,427
Median Earnings
$1,897
Median Rent
$355,800
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Professional office space within a retail center along Grand Avenue, near established medical, grocery, restaurant, and pharmacy anchors.
Where is this office unit located?
The property is located at 14245 W Grand Ave Unit 3 Surprise, AZ.
What are key features of this property?
This property features: Suite 3 offers approximately 1,200 square feet of professional office space; Office building contains 7,330 square feet and was constructed in 2003; Pad‑site position within a retail center along Grand Avenue (U.S. 60)
