Functional Single-Story Building For
For Sale
Contact for pricing
17 W Alta Vista Rd, Phoenix, AZ
Single-story building with versatile rooms, suitable for office or commercial use.
Property Size1,375 SF
Lot Size0.16 Acres
Price / SF$290.18
Days on Market281
Property Features for 17 W Alta Vista Rd
General Information
Standard status
Active
Size
1,375 SF
Lot size
0.16 Acres
Property subtype
OFFICE
Listing Agency:
DeLex Realty
(602) 930-9393
Listed By:
Stephen Rouse · License #SA568708000
(602) 930-9393
Source:
Moodyscre
Added: Nov 5, 2025
Changed: Aug 8
Last Checked: Aug 12 at 11:48AM
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 DeLex Realty
Investment Insights
Based on property information with market context.
This functional single-story building features three large, versatile rooms with connecting interior doors, suitable for office space, light commercial enterprise, or storage. The property includes two bathrooms and a second hallway exit located along the south side of the building. Recent upgrades include new septic and water lines, a water heater, a roof, electrical lines, and split AC systems. A covered parking area can accommodate at least three vehicles. The entire property is secured by chain-link and barbed wire fencing, along with tubular steel fencing and a gate along the patio exterior. The property size is 1375 square feet.
Key Highlights
- New roof, septic and water lines, water heater, and electrical lines.
- Versatile rooms suitable for office, commercial, or storage use.
- Fully fenced property with chain‑link, barbed wire, and steel fencing.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,538
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$470,760
$470.8K
Cap Rate 7%
$336,257
$336.3K
Cap Rate 9%
$261,533
$261.5K
Market Conditions
NOI Build-Up for 1,375 SF
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.
Gross rent
$42.2K $30.72/SF
− Vacancy
−$10.9K −$7.90/SF
EGI
$31.4K $22.82/SF
− OpEx
−$7.8K −$5.71/SF
NOI
$23.5K $17.12/SF
Area
Phoenix, AZ
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$470,760
Cap Rate 7%
$336,257
Cap Rate 9%
$261,533
Alternative Uses
Best Use
Office B
$336.3K
$294.2K – $392.3K
NOI $23,538 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$416.5K
$364.4K – $485.9K
NOI $29,155 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
677
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Single-story building with versatile rooms, suitable for office or commercial use.
Where is this office building located?
The property is located at 17 W Alta Vista Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: New roof, septic and water lines, water heater, and electrical lines.; Versatile rooms suitable for office, commercial, or storage use.; Fully fenced property with chain‑link, barbed wire, and steel fencing.
