Single-Story Office
For Sale
Contact for pricing
15255 N 40th St, Phoenix, AZ 85032
Office suite with reception, bullpen, conference room, and break room, plus one covered reserved parking space.
Property Size1,516 SF
Price / SF$375
Days on Market336
Property Features for 15255 N 40th St
General Information
Standard status
Active
Size
1,516 SF
Total Parking Spaces
1
Property subtype
OFFICE
Site & Location
Neighborhood
Paradise Valley
Building Details
Stories
1
Listing Agency:
SVN | Desert Commercial Advisors
(480) 425-5500
Listed By:
Justin Horwitz · License #SA562459000
(480) 220-2674
Source:
Moodyscre
Added: Dec 2, 2025
Changed: Oct 25
Last Checked: Nov 1 at 8:23AM
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 SVN | Desert Commercial Advisors
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Investment Insights
Based on property information with market context.
This single-story office suite totals approximately 1,516 SF and is configured with a large reception area, one en-suite restroom, four offices, a large bullpen area, a conference room, and a large break room. The suite also includes one covered, reserved parking space.
The property is located at 15255 N 40th St in the Paradise Valley submarket of North Phoenix. It is offered for sale or lease, with the layout designed to support professional office use.
The interior plan combines both front-of-house reception space and back-office work areas, with private office rooms, a shared bullpen, and dedicated conference and break spaces.
The property is located at 15255 N 40th St in the Paradise Valley submarket of North Phoenix. It is offered for sale or lease, with the layout designed to support professional office use.
The interior plan combines both front-of-house reception space and back-office work areas, with private office rooms, a shared bullpen, and dedicated conference and break spaces.
Key Highlights
- Totaling approximately 1,516 SF
- Large reception area plus conference room
- One en‑suite restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,952
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,040
$519.0K
Cap Rate 7%
$370,743
$370.7K
Cap Rate 9%
$288,356
$288.4K
Market Conditions
NOI Build-Up for 1,516 SF
Gross rent
$46.6K $30.72/SF
− Vacancy
−$12.0K −$7.90/SF
EGI
$34.6K $22.82/SF
− OpEx
−$8.7K −$5.71/SF
NOI
$26.0K $17.12/SF
Area
ZIP 85032
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%
$519,040
Cap Rate 7%
$370,743
Cap Rate 9%
$288,356
Alternative Uses
Best Use
Office B
$370.7K
$324.4K – $432.5K
NOI $25,952 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$458.3K
$401.0K – $534.6K
NOI $32,078 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
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Business Placement
Demographics for 85032, AZ
68,710
Population
30,386
Households
2.3
Avg Household Size
38
Median Age
34%
College-Educated
89%
High-School Grad
12.4 sq mi
ZIP Area
5,541
Density / Sq Mi
$74,331
Median Household Income
$44,790
Median Earnings
$1,492
Median Rent
$387,900
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 unit - Office suite with reception, bullpen, conference room, and break room, plus one covered reserved parking space.
Where is this office unit located?
The property is located at 15255 N 40th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $568,500.
What are key features of this property?
This property features: Totaling approximately 1,516 SF; Large reception area plus conference room; One en‑suite restroom
