Office Building with Executive
15396 N 83rd Ave Peoria, AZ 85382
For Sale
Contact for pricing
Owner-user or suite-level occupancy options within a small office building featuring on-site pull-up parking.
Property Size6,450 SF
Price / SF$386.82
Days on Market659
Property Features for 15396 N 83rd Ave
General Information
Standard status
Active
Size
6,450 SF
Property subtype
OFFICE
Listing Agency:
LevRose Commercial Real Estate
(480) 272-1493
Listed By:
Zak Kottler · License #SA649531000
(480) 272-1493
Source:
Moodyscre
Added: Oct 10, 2024
Changed: Jul 29
Last Checked: Jul 29 at 11:15AM
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 LevRose Commercial Real Estate
Investment Insights
Based on property information with market context.
This office building offers flexible occupancy for an owner-user, with the ability to occupy the entire building (approximately 6,488 SF) or lease roughly 3,244 SF while preserving the existing executive suite operation in the balance. The property is configured to support general office or medical occupants and includes prominent building signage opportunity.
Effortless pull-up parking is available throughout the property. It is conveniently located in close proximity to two Loop 101 freeway exits, Bell Road and Thunderbird Road, and is surrounded by a variety of restaurants, shopping, and entertainment.
The building’s setup accommodates either full-building use or an executive suite model alongside additional space.
Effortless pull-up parking is available throughout the property. It is conveniently located in close proximity to two Loop 101 freeway exits, Bell Road and Thunderbird Road, and is surrounded by a variety of restaurants, shopping, and entertainment.
The building’s setup accommodates either full-building use or an executive suite model alongside additional space.
Key Highlights
- Owner‑user option to occupy the entire building (±6,488 SF) or maintain an executive suite operation in the remaining space (±3,244 SF).
- On‑site pull‑up parking throughout the property for convenient access.
- Prominent building signage opportunity.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $150.9k | $23.40 |
| − Vacancy | −$21.9k | −$3.39 |
| EGI | $129.0k | $20.01 |
| − OpEx | −$32.3k | −$5.00 |
| NOI | $96.8k | $15.01 |
6,450 SF · lease $23.40/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,784 @ 7.0% cap · market cap 3.88%
Second Best
Healthcare Medical
$1.26M
$1.10M – $1.47M
NOI $88,259 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,162 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Owner-user or suite-level occupancy options within a small office building featuring on-site pull-up parking.
Where is this office building located?
The property is located at 15396 N 83rd Ave Peoria, AZ.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Owner‑user option to occupy the entire building (±6,488 SF) or maintain an executive suite operation in the remaining space (±3,244 SF).; On‑site pull‑up parking throughout the property for convenient access.; Prominent building signage opportunity.
