Move-In Ready Office
For Sale
Contact for pricing
15601 N 40th St, Phoenix, AZ 85032
Move-in ready office building with trophy condition finishes and plenty of covered parking.
Property Size3,400 SF
Price / SF$286.76
Days on Market29
Property Features for 15601 N 40th St
General Information
Standard status
Active
Size
3,400 SF
Class
Trophy
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
covered parking
Listing Agency:
LevRose Commercial Real Estate
(602) 697-3416
Listed By:
Keri Davies · License #SA649025000
(602) 697-3416
Source:
Moodyscre
Added: Jul 3
Changed: Jul 26
Last Checked: Jul 30 at 2:15PM
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 move-in ready office building is described as being in trophy condition, suitable for immediate occupancy. The property is offered for sale with oodles of covered parking, supporting day-to-day client and employee access.
The location is described as convenient, just north of Greenway Road and about two blocks from Highway 51.
The offering is positioned for professional services, including law firms, marketing, and real estate uses.
The location is described as convenient, just north of Greenway Road and about two blocks from Highway 51.
The offering is positioned for professional services, including law firms, marketing, and real estate uses.
Key Highlights
- Office in trophy condition with move‑in ready finishes
- Conveniently located just north of Greenway Road and about 2 blocks from Highway 51
- Oodles of covered parking
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 | $104.4k | $30.72 |
| − Vacancy | −$26.8k | −$7.90 |
| EGI | $77.6k | $22.82 |
| − OpEx | −$19.4k | −$5.71 |
| NOI | $58.2k | $17.12 |
3,400 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$831.5K
$727.6K – $970.1K
NOI $58,204 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$899.3K – $1.20M
NOI $71,942 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
480
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
Market
Vacancy Rate% for Office in Phoenix, AZ
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Move-in ready office building with trophy condition finishes and plenty of covered parking.
Where is this office building located?
The property is located at 15601 N 40th St Phoenix, 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: Office in trophy condition with move‑in ready finishes; Conveniently located just north of Greenway Road and about 2 blocks from Highway 51; Oodles of covered parking
