Office Unit with Private
New
For Sale
Contact for pricing
15255 N 40th St Unit 115, Phoenix, AZ 85032
The office includes a reception area, conference room, private offices, open workspace, kitchen, and IT storage.
Property Size6,099 SF
Price / SF$0.34
Days on Market5
Property Features for 15255 N 40th St Unit 115
General Information
Standard status
Active
Size
6,099 SF
Additional Details
Sprinkler System
Yes
Building Details
Year Built
2005
Listing Agency:
Platinum First Realty
Listed By:
Robert L Berta
(602) 569-2233
Source:
Findyourphoenixhome
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 2:21AM
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 Platinum First Realty
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Investment Insights
Based on property information with market context.
This 2005 office unit offers approximately 1,601 square feet of built-out space. Its layout includes a reception area, conference room, four private offices, an open office area, a kitchen, and an IT and storage room. One private office has a separate entrance.
The association fee covers exterior maintenance, roof care, parking lot maintenance, trash, sewer, water, exterior window cleaning, and fire sprinkler maintenance.
The association fee covers exterior maintenance, roof care, parking lot maintenance, trash, sewer, water, exterior window cleaning, and fire sprinkler maintenance.
Key Highlights
- Approximately 1,601 square feet of office space
- Four private offices, including one with a separate entrance
- Reception area, conference room, open workspace, kitchen, and IT/storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,407
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,088,140
$2.1M
Cap Rate 7%
$1,491,529
$1.5M
Cap Rate 9%
$1,160,078
$1.2M
Market Conditions
NOI Build-Up for 6,099 SF
Gross rent
$187.4K $30.72/SF
− Vacancy
−$48.2K −$7.90/SF
EGI
$139.2K $22.82/SF
− OpEx
−$34.8K −$5.71/SF
NOI
$104.4K $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%
$2,088,140
Cap Rate 7%
$1,491,529
Cap Rate 9%
$1,160,078
Alternative Uses
Best Use
Office B
$1.49M
$1.31M – $1.74M
NOI $104,407 @ 7.0% cap · market cap 4,983.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,051 @ 7.0% cap · market cap 6,159.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
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 units - The office includes a reception area, conference room, private offices, open workspace, kitchen, and IT storage.
Where is this office units located?
The property is located at 15255 N 40th St Unit 115 Phoenix, AZ.
What are key features of this property?
This property features: Approximately 1,601 square feet of office space; Four private offices, including one with a separate entrance; Reception area, conference room, open workspace, kitchen, and IT/storage room
