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Medical Office Investment Property
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1515 W OSBORN Road, Phoenix, AZ 85015

Two-building medical office investment with long-term stabilized tenants and 96% occupancy on 2.4 acres.

Property Size2,071 SF
Lot Size2.40 Acres
Price / SF$0.72
Days on Market144

Property Features for 1515 W OSBORN Road

General Information

Standard status Active
Size 2,071 SF
Lot size 2.40 Acres
Property subtype Comm/industry Lease
Zoning R-5
Occupancy 96%
Listing Agency: SLW Realty Group, LLC
Listed By: Sabrina Walters · License #BR022776000
Source: Juliebradfeldt
Added: Apr 24 Changed: Sep 13 Last Checked: Sep 13 at 11:31AM

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 SLW Realty Group, LLC

Investment Insights

Based on property information with market context.

This medical office investment includes approximately 32,687 square feet across two buildings and is described as being 96% occupied. The property features long-term, stabilized tenants.

Located at 1515 E Osborn Rd in Central Phoenix, the project is in close proximity to multiple major hospitals. The site is zoned R-5, which the seller notes may allow potential conversion opportunities, along with strong and stable cash flow.

Key Highlights

  • Two‑building medical office totaling 32,687 SF on 2.4 acres
  • 96% occupied with long‑term, stabilized tenants
  • Zoned R‑5, allowing for potential conversion opportunities

Property Analytics

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Current Use

Community Partners Inc Medical Clinic Juniper Dery-Chaffin Physician Phoenix Dental Lab ... Dental Office Gregory Real Estate ... Property Management Company Valley Of The Sun United ... Food Bank

Suggested Use

Top Pick Electrical Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Building Supply Plumbing Service HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

96%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,148
Businesses Nearby
Under-served
Demand for This Use

Demographics for 85015, AZ

41,436
Population
17,889
Households
2.3
Avg Household Size
33
Median Age
25%
College-Educated
78%
High-School Grad
4.9 sq mi
ZIP Area
8,456
Density / Sq Mi
$52,585
Median Household Income
$36,456
Median Earnings
$1,227
Median Rent
$312,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Phoenix, AZ

14.4% 2019
19.3% 2020
21.7% 2021
24.3% 2022
27.4% 2023
28.5% 2024
26.5% 2025
Rey
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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?
Medical Office Space - Two-building medical office investment with long-term stabilized tenants and 96% occupancy on 2.4 acres.
Where is this medical office space located?
The property is located at 1515 W OSBORN Road Phoenix, AZ.
What are key features of this property?
This property features: Two‑building medical office totaling 32,687 SF on 2.4 acres; 96% occupied with long‑term, stabilized tenants; Zoned R‑5, allowing for potential conversion opportunities
More about this property
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