Remodeled Medical Office
15182 N 75th Ave Unit A120, Peoria, AZ 85381
For Sale
$975,000
Existing dental cabinetry and a clinical-office layout support continued medical office use.
Property Size8,371 SF
Price / SF$415.78
Days on Market50
Property Features for 15182 N 75th Ave Unit A120
General Information
Standard status
Size
Class
Property subtype
Site & Location
Neighborhood
Highway Access
Road Access
Additional Details
Furnished
Building Details
Building Size
Year Built
Listing Agency:
Menlo Group Commercial Real Estate
Listed By:
Ryan Edwards · License AZ SA697072000
(480) 760-5044
Source:
Menlocre
Added: Sep 26
Changed: Nov 2
Last Checked: Nov 12 at 5:48AM
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 Menlo Group Commercial Real Estate
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Investment Insights
Based on property information with market context.
This 2,345 SF medical office suite was built in 2003 and previously operated as a dental office. The interior has been remodeled, with work including new flooring in the former CBCT room, refreshed paint and baseboards, cabinetry refurbishment, plumbing and drywall repairs, HVAC component replacement, and a new water softener. Existing dental cabinetry is included. The suite is part of an 8,371 SF building and has been professionally cleaned.
The property is on 75th Ave in Peoria, with visibility from the avenue. Loop 101 is approximately 2.5 miles away.
The property is on 75th Ave in Peoria, with visibility from the avenue. Loop 101 is approximately 2.5 miles away.
Key Highlights
- +/- 2,345 SF former dental office suite
- Existing dental cabinetry included
- +/- 8,371 SF building; built in 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,187
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,740
$703.7K
Cap Rate 7%
$502,671
$502.7K
Cap Rate 9%
$390,967
$391.0K
Market Conditions
NOI Build-Up for 2,345 SF
Gross rent
$54.9K $23.40/SF
− Vacancy
−$8.0K −$3.39/SF
EGI
$46.9K $20.01/SF
− OpEx
−$11.7K −$5.00/SF
NOI
$35.2K $15.01/SF
Area
Peoria, AZ
Vacancy
14.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,740
Cap Rate 7%
$502,671
Cap Rate 9%
$390,967
Alternative Uses
Best Use
Office B
$502.7K
$439.8K – $586.5K
NOI $35,187 @ 7.0% cap · market cap 3.61%
Second Best
Healthcare Medical
$458.4K
$401.1K – $534.8K
NOI $32,088 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$577.4K
$505.2K – $673.6K
NOI $40,415 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85381, AZ
27,008
Population
11,393
Households
2.4
Avg Household Size
40
Median Age
34%
College-Educated
95%
High-School Grad
6.7 sq mi
ZIP Area
4,031
Density / Sq Mi
$94,442
Median Household Income
$49,458
Median Earnings
$1,726
Median Rent
$407,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Medical Office Space in Maricopa County, AZ
Properties on Market for Medical Office Space in Maricopa County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing dental cabinetry and a clinical-office layout support continued medical office use.
Where is this medical office space located?
The property is located at 15182 N 75th Ave Unit A120 Peoria, AZ.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: +/- 2,345 SF former dental office suite; Existing dental cabinetry included; +/- 8,371 SF building; built in 2003
